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Businesses HP Technology

HP Enterprise CEO Meg Whitman To Step Down (reuters.com) 101

Posted by BeauHD from the out-with-the-old-in-with-the-new dept.
Hewlett Packard Enterprise's Meg Whitman is stepping down as chief executive officer. Reuters reports: Whitman engineered the biggest breakup in corporate history during her 6 year tenure at the helm, creating HPE and PC-and-printer business HP Inc from parent Hewlett Packard Co in 2015. Whitman will be succeeded by the company's president, Antonio Neri, who takes over from Feb. 1. "Now is the right time for Antonio and a new generation of leaders to take the reins of HPE," Whitman said in a statement. Whitman, who will continue as a board member, had been steering the company towards areas such as networking, storage and technology services.
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HP Enterprise CEO Meg Whitman To Step Down More

HP Enterprise CEO Meg Whitman To Step Down

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  • Extracted maximum shareholder value (Score:2, Insightful)

    by Anonymous Coward

    from a dying entity.

    Congrats!

  • Comment removed (Score:5, Insightful)

    by account_deleted ( 4530225 ) on Tuesday November 21, 2017 @07:24PM (#55599143)
    Comment removed based on user account deletion

    • Re: (Score:2, Interesting)

      by Anonymous Coward

      It's all you see everywhere these days. Fire a whole bunch of staff to cut costs, and the share price goes up. Temporarily anyway. Long term business plan? Pffft. Seems to be the M.O. of a lot of North American businesses these days. Is this what they're teaching in the Harvard MBA program now?

      • What do you expect when executive bonuses are either quarterly or annual? Change those bonuses to be given out every 2-5 years and executives will change their behavior completely to ensure long term increases in stock prices and revenues.

    • Re:Time to cash out (Score:4, Interesting)

      by hambone142 ( 2551854 ) on Wednesday November 22, 2017 @12:49AM (#55600807)

      Know the situation well. Meg accomplished absolutely NOTHING during her tenure at HP. I got a kick out of her splitting off printers and PCs. Walter Hewlett proposed that before Fiorina ousted him from the Board of Directors. Meg does it and it's "visionary".

      Let's face it. She ran a soap company, a toy company and occupied space at eBay.

      HPE and HPinc are both circling the drain because the past four (count 'em, FOUR) CEOs were bean counters and had no ability to lead an effort to develop new products. They saw an easy way out by attempting to acquire companies and their products but absolutely NONE of the acquisitions have produced anything meaningful.

      I'm hoping the new CEO of HPE will provide some direction as he is a technical person. However, most of what was HP management was displaced by Compaq "yes men" and cronies. Most competent technical people have left the companies or were laid off for "cost savings".

      You can't "save costs" in to success. Actual innovation has to happen to provide value to a company.

      This revolving door of CEOs at HP (yeah, it's "HPE" now) provided nothing except an excuse to "loot and scoot" by a procession of incompetent CEOs and their friends.

      They really should take the founder's names off of the company. It's a disgrace to their legacy.

      • You should watch the John Kenny EEVBlog interview on YouTube. He's at Keysight (spun off from Agilent, which was spun off from HP), and is clear that the team there considers themselves the true heirs to HP.

    • And now she's on the board, where she can still, and with greater authority, cause people to be fired and the company to split, without actually having to do any work, while she skims the profit...rather than having to sort-of work for a living.

      She's not really stepping down, she's pretty much stepping up.

      • Meg's net worth is 3.1 *billion*.

        I don't think she needs to work for a living. People at this level want power.

        They already have money.

  • Feminism is cancer.

    • Before I read the summary, I half thought that this might be part of the ongoing sexual harassment scandal...

  • Breaking Up (Score:1)

    by Anonymous Coward

    So maybe the next generation of leadership will separate networking, storage and technology services from the HPE. Lets call it the Hewlett Packard Periphery, or HPP. That leaves the integrated systems, servers and software. Break the software and servers to HPSO and HPSE incorporated, respectively. Then the integrated systems can buy all their components and services from separate corporations and the management overhead is getting maximized, as was intended. It's brilliant, isn't it?

  • You better lock up your Unicorns, lock up your Blue Chips, 'cause she's rapin' everything up in here!
    #dankmemes

  • Not surprising (Score:4, Informative)

    by EndlessNameless ( 673105 ) on Tuesday November 21, 2017 @07:47PM (#55599311)

    Their OpenStack and cloud initiatives didn't really bring in a lot of new business.

    HP hasn't been terribly innovative. People who were buying Cisco and other brand name servers are still doing it, and Amazon/Google/Microsoft are emerging as the major cloud providers.

    The OpenStack philosophy essentially banks on hardware being interoperable and somewhat interchangeable, so competition is guaranteed. It replaces some proprietary software with FOS software. It's great that HP contributed, but there is no licensing revenue and no hardware lock-in. That puts some grit in the gears of corporate profiteering.

    Then at the top, the huge enterprises like Google and Amazon have started using custom hardware. Others, like Facebook, are forcing commoditization of core infrastructure with Open Compute. Most of them are combining cheap x86 servers with custom hardware to some extent. Either way, the enterprise IT companies are forced to compete as components rather than drop-in "solutions" with support contracts, which is where the enormous profits have been.

    I'm not sure what their strategy was. And regardless of what Whitman planned, HPE hasn't reestablished itself as the behemoth it once was.

  • Bad news for investors (Score:4, Interesting)

    by Aighearach ( 97333 ) on Tuesday November 21, 2017 @07:54PM (#55599367)

    So the long and short of it, the stock price is dropping because she was never brought in to lead, she was brought in to part it out and sell things off! And they have no confidence the new guy can convince anybody to buy the lemons they have left, if she couldn't.

    This means, if you didn't get out already, you missed the boat.

    HPE will now stabilize and will have to live with a stock price that has less of a speculation bonus.

  • ...damn I do hate that the real workers at HPE - as always in today's corporate America - take it in the shorts because of a series of incompetent, but super-well-paid execs screwing up horribly, then settling back in a cushy director's job where they can continue to draw great pay and perks and destroy value even more. Woo-hoo for modern capitalism!!

  • Who would be your "dream CEO" for HP? (Score:4)

    by leonbev ( 111395 ) on Tuesday November 21, 2017 @08:14PM (#55599513) Journal

    Who would you like to see become the new head of HP, if you got to choose from any acting corporate executive? Elon Musk? Jeff Bezos? Sergey Brin? Someone else?

    Come on, guys, considering how bad HP's picks have been for the past few decades, I think that we can do better!

    • Comment removed based on user account deletion

    • HPE? The only thing EDS has ever known how to do is market (read 'blowjobs') to government and Fortune 500, while delivering absolute shit, late and over budget. They can't die quick enough.

      HP? Low grade desktop and laptop vendor. Decent servers. Nothing special. Makes its money selling ink for gold prices. They can't die quick enough.

      The 'good HP' is now Keysight, via Agilent. Conglomerates generally suck at everything.

      • Re:Who would be your "dream CEO" for HP? (Score:5, Interesting)

        by Strider- ( 39683 ) on Tuesday November 21, 2017 @09:38PM (#55599947)

        Low grade desktop and laptop vendor. Decent servers.

        The ProLiant division lives with HPE... They're dead to me now that they started requiring you to have a support contract in order to get firmware updates. Otherwise, it's still solid, well built gear. Next time 'round I'll probably look at Dell or Lenovo.

      • HPE? The only thing EDS has ever known how to do is market (read 'blowjobs') to government and Fortune 500, while delivering absolute shit, late and over budget. They can't die quick enough.

        EDS is part of DXC since March, but that division is getting spun off again next March....try to keep up.

        HPE is basically DEC/Compaq as far as I can tell...they have server hardware, cloud, and some bits and pieces of software.

    • Re: (Score:1)

      by Anonymous Coward

      I'd love to see Scott Forstall in charge of any company, including Apple, except for one concern: his personality.

      Well, maybe working "for" Forstall with him as CEO would be better than working "with" him as a co-worker. If Forstall were CEO, then there wouldn't be arguing with him. (People wouldn't argue and say, "No Scott, I won't do what you want me to do.") So maybe it wouldn't be so bad.

      Elon Musk would be good, if he spent all of his time there, and didn't also spend time running Tesla and SpaceX, and

    • Me. Fire all the CxOs and kick out the directors and axe the managers and drop all the failing foreign branches / brands that no one know what they even do.

      Put all focus back on calculators, then go from there.

      At the very least I figure we can get a decent calculator out of it. It's been decades.

    • Tom Perkins.

    • Re: (Score:2)

      by mentil ( 1748130 )

      Steve Wozniak and John Draper. It's just crazy enough to work.

    • Me, if they'll pay me the same as her. In fact, I'd take half.

      And by doing absolutely nothing I'd probably do a better job.

  • While the doer-ship of women is not contestable, the aggressive creativity is obviously, historically, missing. The creative aggression of our species is visited mostly upon the male. It is hyper-liberalism that demands the equality in all things of men and women, not nature. We force a false equality to our detriment.
  • She took HP from manufacturing the worst products ever designed to the exact same thing but with less money PLUS she even leaked in an interview that warranty claims were killing HP. The board scolded her for publicly acknowledging that their products were defective garbage. She is quite possibly the most incompetent major corporation CEO EVER!

  • The round and blue "HP" is not the company Meg works for.

    Meg works for HPE which has the new and very innovate green rectangle as a trademark.

    Indicative of her simpleton intellect.

    I'd like to be the person they paid millions to for that wonderful and new moniker.

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