A CEO who places weeks notice instead of months for a resignation sheds no prestige amongst camaraderie. A crew with no respect and a captain that does not demand it are destined to fall apart quickly. If a surprise like this can come to light then the demise of HP shall ignite without a fight! Ode to the end of which is near. The fall of a once mighty titan shall haunt us with fear!
8 replies (most recent on top)
Time to gut my HP stocks thanks for the valuable information.
You seem to forget that he was a member of the PayPal board of directors too. He had been on that board for some time now. Many CEO's are involved in other companies that way. They just live and work in a different level than the rest of us.
@fb if he meets the performance targets. Not much of a track record for him doing that recently.
While his total annual compensation at HP was roughly $19.36 million in 2024, his first-year total at PayPal—including the one-time "poaching" incentives—could exceed $80 million if all performance targets are met.
Clearly you can tell that only interested in money. All lores has done over the past few years is just to fatten himself through trying to beef up share price artificially as fast as possible (buy back, div increase) by extreme cost cutting and trimming hc.
@br it was coordinated for proper legal and PR effect. They don’t announce a CEO has put in his two weeks notice to take another job.
CEO resignations are always private from outside the C-suite, the board, and any other investors. If this was a surprise to you then it likely means that you don’t have any stake in the company, which is not necessarily a bad thing. I’m just saying that there’s a voting process that involves stakeholders. This is the same situation for PayPal. If it was a complete surprise to everyone then the SEC would get involved and could slap a fine on both HP and PayPal unless it was a massive emergency.
I’m extremely confident that these processes likely take months if not a year in advance. Frankly, I think Enrique quietly quit. This whole memory chip debacle is just the final nail in the coffin.
In other news, Andy is now at Lenovo as GM after HP basically demoted him to some role in India and subsequently led to either a forceful or amicable exit.
The BoD knew weeks in advance before it became instant news to the common folk. There is another thread posted on this site where a rumored CEO change was on its way days before it happened. Someone who holds high stakes in the company lurks among us on this forum. OP could very well be Carly Fiorina considering their pseudonym. These people (if you can even call them that) play a whole other ball game when it comes to the titles they hold and the ‘work’ they do. It’s all a game of snakes and ladders with them.
"Chaos isn't a pit. Chaos is a ladder. Many who try to climb it fail and never get to try again. The fall breaks them. And some are given a chance to climb. They refuse. They cling to the realm or the gods or love. Illusions. Only the ladder is real. The climb is all there is,"
It was not weeks, it was instant removal. CEO was replaced immediately, org chart was changed to the new interim at the same time it was announced.