Joe Nocera on Hurd & HP
nytimes.com
nytimes.com
As an outsider before I joined, I can say its reputation far exceeds reality. Leaving for YC was a no-brainer. On a sidenote it seems the only ones left are the "lifers," all of the younger engineers have moved on. Short the stock.
And this is the problem. Cutting jobs/salaries/benefits/projects leads to the type of share-bumping profit and cost-cutting figures that Wall Street types love, all while destroying the culture of a company and its chance of long term success.
One thing I found surprising this week was learning that to many H.P.
observers Ms. Fiorina no longer seemed quite so bad. It was actually
her strategic vision that Mr. Hurd had executed, I heard again and again.
Her problem was that while she talked a good game, she lacked the skill
to get that big, hulking, aircraft carrier of a company moving in the
direction she pointed. Mr. Hurd was a brilliant operational executive,
but had the strategic sense of a gnat, and knew only how to cut costs.