Monday, October 1, 2012

Hewlett-packard Fortune 500

A few years ago, I heard Hewlett-packard was the first Fortune 500 co. to have a female CEO. Is she still CEO?

Corporations - 1 Answers
Random Answers, Critics, Comments, Opinions :
1 :
No she is not. Mark V. Hurd, Chairman, is the CEO and President of HP . Carly Fiorina was known as the former CEO (1999–2005) and Chairman of the Board (2000–2005) of Hewlett-Packard (HP). "On 9 February 2005, Carly Fiorina was dismissed as chairman and chief executive officer of HP. "While I regret the board and I have differences about how to execute HP's strategy, I respect their decision," Fiorina said in a statement. "HP is a great company and I wish all the people of HP much success in the future." She was replaced by Patricia C. Dunn as chairman and CFO Robert Wayman as CEO.[22] Hewlett-Packard's stock jumped 7% on news of her departure.[23] Under Hewlett-Packard's severance agreement, Carly Fiorina received US $21 million in cash, which was 2.5 times her base annual salary.[24] On March 8, 2006, two large institutional investors filed suit against Hewlett-Packard for violating its own severance cap when it doled out a multimillion-dollar payment to Fiorina as part of her termination agreement.[25]"

Read more discussions:

No comments:

Post a Comment