Sunday, October 24, 2010

Wall Street NOT Main Street

From a real estate receptionist to broker, to English teacher in Italy, to management trainee for AT&T on to Senior Vice President of their hardware and systems division, to assistant to the Lucent Chief Executive to formulate the companies stock offering at inception, rising to President of the global services division, and on to CEO of HP.  

Basically, she rode the 'Tech Bubble' until it burst.  Thereafter, she wasn't successful.  She caused enormous in-fighting in HP and brought about a merger that most see as a desperate effort to stem a failing HP.  The merger with Compaq created the largest personal computer manufacturer in regard to numbers shipped, but, that was due to a merger of two huge entities, it was a simple task.  She cost the general economy plenty of jobs with that merger and didn't really do anything to expand the market share so much as simply absorbed the two that already existed.  From that stand point she saved 'the name' HP.  Three years after the Tech Bubble collapsed she was unsuccessful in improving HP and she was forced to resign by the Board.

She has no proven record of success, except, for her ability to ride the Bubble until it burst.  Heck, anyone can do that.