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  • exhpa exhpa Nov 28, 2012 12:03 PM Flag

    Hold Meg and BOD Personally Financially Responsible for Autonomy Disaster

    While you're at it, let's get Hackborn for recommending the BoD hire Carly.

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    • exhpa,

      The H-P boot hasn't kicked Meg Whitman yet
      Commentary: Unsolicited advice for CEO whose days are numbered 11/28 08:00 AM


      DENVER (MarketWatch) -- When Meg Whitman became chief executive of Hewlett-Packard Co. in September 2011, I offered her some friendly advice in a column that began: "Congratulations, Meg Whitman. You are next in line for the H-P boot."

      I assured her she eventually would be fired like Leo Apotheker, who lasted all of 11 months, and several other predecessors, who were similarly sacked after embarrassing episodes I need not recount.

      I gave Whitman a list of ideas to ward off her inevitable fate for as long as possible. This turned out to be the crucial one:

      "Back out of Apotheker's $10.3 billion deal to buy British enterprise-software company Autonomy Corp. Everyone says the deal is overpriced and depletes H-P's coffers. H-P will need the cash for tough times ahead."

      I am no technologist. I possess no great financial training. I am just a simple scribe who believes that $10.3 billion is a lot of money to blow on a deal that the last bungling CEO wanted to do.


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