https://fortune.com/2025/07/06/hewlett-packard-enterprise-ceo-antonio-neri-elliott-management/
Buh bye, Tony. Buh bye.
5 replies (most recent on top)
Like me, I think there are a lot of people waiting for the pop in price that Elliott will create to be able to sell their "dead in the water" stock at a small profit. Regardless of what happens US employees will be WFR'd and the company will eventually fade into oblivion.
Elliott is out to make money, not to be long term investors, If anyone thinks replacing the CEO will be good for the longevity of the company, you don't understand what this activist does. They will slash operating expenses to improve profitability to get a quick bump in stock price, then get out while it is at a high. Whoever the CEO is -- be it Antonio or someone of their own choosing -- will be left with not much but a giant golden parachute while the line staff face layoffs or selling of assets. A new CEO could be great, but the company needs to be led by someone with a vested long term outlook, and not a faceless entity looking to make paper profit.
He just scored a giant victory with JNPR acquisition. HPE price is high now, and JNPR got a 40% bump out of the deal so who is not happy?
So, careful what you wish for. Elliot will press to calve off BUs, squeeze expenses and lay off lot of people. If Antonio doesn't do it and gets replaced as a result, or simply walks off after his grand slam, the person who replaces him will bring their own team, cut costs like a MF, and lean hard in to AI to replace as many job functions as possible.
2 years too late.
Excellent! He needs to go.