Linked by Thom Holwerda on Wed 23rd May 2012 16:13 UTC
Google Google CEO Larry Page was interviewed on Charlie Rose recently, and there was certainly some interesting stuff in there. Sadly, the interview suffers from the curse of modern journalism in that it was all a bit timid and civil (no truly harsh and confronting questions), but despite that, it's still a good watch. Two quotes from Page really stood out to me.
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RE[4]: are you kidding?
by galvanash on Fri 25th May 2012 04:42 UTC in reply to "RE[3]: are you kidding?"
galvanash
Member since:
2006-01-25

I think you mean Carly Fiorina and John Sculley.


I was not a big fan of the direction Carly took HP back in the early 2000s. While I do mourn the HP of old, which once upon a time had the prestige of a company focused on engineering, I don't know if that company would have made it another 3 years at that point... And to be fair, she start with a decimated stock (the tech bubble bursting hit their stock very hard).

Carly started the process of turning HP into a Dell clone, and at the same time participated in the final destruction of what little was left of Digital after Compaq had finished with them (RIP). Pissed off a lot of people at the time...

However, to be fair, if you look at it purely from a financial point of view it did work - immensely well actually. HP's stock grew quite steadily over her tenure and afterwards under Mark Hurd with the EDS merger (which you could say was a continuation of her strategy) - and most people would love to have Mark Hurd back.

HP wasn't the same company she started with, but had she not done some of the things she did it probably would have ended up just like Digital - another engineering driven company that ended up as road kill because of lack of business sense. Everyone hated her at the time, but I don't think it is at all fair to put her on a worst of list - she was far from incompetent.

Now Léo Apotheker...

Reply Parent Score: 2

RE[5]: are you kidding?
by kwan_e on Fri 25th May 2012 06:00 in reply to "RE[4]: are you kidding?"
kwan_e Member since:
2007-02-18

However, to be fair, if you look at it purely from a financial point of view it did work - immensely well actually. HP's stock grew quite steadily over her tenure and afterwards under Mark Hurd with the EDS merger (which you could say was a continuation of her strategy) - and most people would love to have Mark Hurd back.


Again with the stock market! It's all smoke and mirrors. When will you learn? You even mentioned what HP had to sacrifice in order to get those stock market "gains". Where can HP go after that?

Reply Parent Score: 2

RE[6]: are you kidding?
by galvanash on Fri 25th May 2012 18:39 in reply to "RE[5]: are you kidding?"
galvanash Member since:
2006-01-25

Again with the stock market! It's all smoke and mirrors. When will you learn? You even mentioned what HP had to sacrifice in order to get those stock market "gains". Where can HP go after that?


Smoke and mirrors... I hate to tell you but the job of a CEO of a publicly traded company is to make money for its investors, and well, that is it really. If you don't make them more money they fire you. The people who own the stock own the company. If you feel bad about what happened to HP you should blame HP (as in Bill Hewlett and Dave Packard) - no one put a gun to their head and made them go public...

The old HP was a prestigious technology company with a reputation for focusing on products and engineering. I miss it, but it is mostly for nostalgic reasons. I don't honestly think that company would have survived past 2005 intact and neither do most. I would still be missing HP had Carly not come along because it would have went out of business long ago (or been bought by someone else who probably would have done worse).

So what exactly was sacrificed? Carly isn't to blame for HP's current problems. She grew HP's PC division, and it eventually became the largest in the world. It was Leo that decided to try and kill the golden goose...

Reply Parent Score: 2