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February 12, 2005

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"I have to wonder if the self-promotion required to become so well known took time away from her more important job of running HP"?


You gotta love the transperancy!

Stuart Berman

Rich Karlgaard had an opinion piece in yesterday's WSJ where he outlined Carly's seven deadly sins. He brings up similar points. He also offers that she acted like a rock star without being in the postion to do so (something he reserves for company founders such as Gates, Dell and Martha Stewart).

As a corporate employee, small time (IRA) stockholder and avid reader of WSJ, I took more notice of Carly when she got into the public proxy fight with Walter Hewlett. As an outsider I found Hewlett's position articulate and believable. I found Fiorina's position unconvincing and based on an ego or power play. It became obvious that she was going to win the battle and lose the war which for the sake of employees and shareholders is irresponsible. The same scenario seems to be playing out with Disney and Eisner.

But these stories are the anomaly - I have a lot of respect for the majority of CEOs and others who dedicate themselves to the success of companies with hard work and ethical behaviour. Too many seem more impressed by personality than by results. As a shareholder I wish that I could see reports that showed the integrity of corporate leaders, their honest vision for the company and an accurate assessment of the corporate culture.

James C. Hess

There is more to the HP matter with Carly Fiorina at the helm than just the failed merger between HP and Compaq. For example, she managed to load the Board of Directors with yes-men and they managed, albeit temporarily, to pull the rug out from under Walter Hewlett and his supporters, by following the belief HP could be more than it was: Test and Measurement. Carly wanted to turn HP into something resembling Microsoft or Apple, which meant generational technology: Software, instead of the tried-and-true hardware. Obviously that didn't work and now she is gone.

But at what price? How many people had to lose their jobs because she was in charge, with her myopic Liberal nonsense?

I like to believe Mr. Hewlett managed to save the actual and original HP by spinning off the TMO portion of the company into Agilent Technologies, and at some point that portion of HP will be returned to the name HP.

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