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January 20, 2014

Stuff you may have missed: January 20, 2014

A number only the 0.00000001 percent could love: A grand total of 85 rich people have as much wealth as the poorest 3.5 billion people on this planet, according to a new report from Oxfam.

When people’s credit card data is stolen in the U.S., companies send out press releases. When people’s credit card data is stolen in South Korea, dozens of bank executives resign.

Russia’s terror climate ahead of Sochi could be best described as very, very cloudy.

Hewlett-Packard’s marketing team made a really good Windows 7 joke today.

"Password" has been unseated as the world’s worst password.

22:58 // 7 months ago
November 30, 2012
22:46 // 1 year ago
November 20, 2012

Hewlett Packard takes a massive markdown of acquisition, alleges fraud

  • $8.8B the size of the charge Hewlett Packard took in its most recent earnings statement, with this fun explainer: “The majority of this impairment charge is linked to serious accounting improprieties, disclosure failures and outright misrepresentations at Autonomy Corporation plc that occurred prior to HP’s acquisition of Autonomy and the associated impact of those improprieties, failures and misrepresentations on the expected future financial performance of the Autonomy business over the long-term.” Someone sounds angry. 
  • $10.2B the amount Hewlett Packard paid for Autonomy Corporation in 2011. Which means they’ve written down most of the company’s value over the fraud allegations. The purchase came at a weird time for the company, at a point where it was heavily switching CEOs — with the then-current CEO, Leo Apotheker, attempting to make a sharp turn away from consumer products with the purchase. source
10:08 // 1 year ago
September 10, 2012

New round of layoffs announced at Hewlett-Packard

  • 2,000 more layoffs coming at Hewlett-Packard in the next two years, in an effort by former California gubernatorial candidate and current CEO Meg Whitman to right the ship at HP
  • 29,000 employees will be laid off by the end of fiscal 2014; the company expects to eat more than $3.3 billion in charges related to the reduction in workforce, which will lead to layoffs for just shy of 10% of the company’s 300,000 employees source
14:48 // 1 year ago
May 24, 2012

Employees on edge after Hewlett Packard layoffs report

  • 9,000 employees will be laid off before Halloween, according to an official statement released on Wednesday
  • 18,000 additional employees will be laid off by 2014, mostly from the Enterprise Services unit source

» So what about the remaining employees? No one is quite certain what plans CEO Meg Whitman has for the future of the company, though expectations are high considering her time as eBay’s chief executive. CareerBliss, a company with the stated goal of “helping you find happiness in the workplace”, says that employees have been less happy since Whitman became the company’s chief executive. Following reports of the layoffs, CareerBliss CEO and co-founder Heidi Golledge told Business Insider that honesty just might be the best policy. “This is a time for her and her team to be totally transparent,” said Golledge, adding, “HP employees need to be confident that the company has a future – and, just as importantly, that they have a future with it.”

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16:32 // 2 years ago
October 28, 2011
The market was created by Apple. That doesn’t mean there couldn’t be a strong No. 2 player.
Hewlett-Packard CEO Meg Whitman • Reversing course entirely on two of former CEO Leo Apotheker’s key decisions as CEO — the departure of the tablet market (and the ensuing lulz) and the spinning off of the PC market. As for the latter, Whitman claims it would’ve been far too expensive — it would’ve cost billions and would’ve proven extremely inefficient. “If you try to hive a division off, it’s really hard because you almost have to recreate the whole thing,” she said. Will this be enough? source (viafollow)
9:00 // 2 years ago
September 22, 2011
These guys are a bunch of clowns, surpassed in incompetence only by Yahoo’s board.
Ironfire Capital managing member Eric Jackson • Expressing frustration with the Hewlett-Packard board, which reportedly leaked the news of Leo Apotheker’s ousting, and subsequent replacement with former eBay CEO Meg Whitman, hours before the announcement was to be made. Not that Jackson is a big fan of Apotheker or anything. “Apotheker is the worst CEO hire in the last decade,” he says. But the problem is the process that led to his hiring — some messy rumors and an internal investigation led to the board dumping a pretty good CEO, Mark Hurd, and hiring Apotheker without even meeting him — meant that he turned out to be a horrible fit. Whitman at least has a shot at being good at this CEO thing, but the board sounds like the real problem. source (viafollow)
19:40 // 2 years ago
We are at a critical moment and we need renewed leadership to successfully implement our strategy and take advantage of the market opportunities ahead.
HP Executive Chairman of the board Ray Lane • Discussing the reason to ditch Leo Apotheker as CEO and replace him with former eBay CEO Meg Whitman. What do you guys think of this move? Will this be enough to make up for the TouchPad idiocy? Will she move HP back in a consumer direction, after Apotheker tried to move it towards enterprise services?
16:32 // 2 years ago
Meg Whitman reportedly on track to become HP’s new CEO: Many people compared Carly Fiorina and Meg Whitman during the 2010 election, due to their tech executive backgrounds and their high-profile rookie political campaigns. Soon, they’ll have another reason. source Follow ShortFormBlog

Meg Whitman reportedly on track to become HP’s new CEO: Many people compared Carly Fiorina and Meg Whitman during the 2010 election, due to their tech executive backgrounds and their high-profile rookie political campaigns. Soon, they’ll have another reason. source

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12:47 // 2 years ago
August 30, 2011
The speed at which it disappeared from inventory has been stunning. We have decided to produce one last run of TouchPads to meet unfulfilled demand.
A statement from Hewlett-Packard • Revealing that the company’s late-round success with the HP TouchPad was enough that they’re going to produce more of them and sell them at fire-sale prices. Which is hilarious, and tells us all that the decision to stop selling them was perhaps a little too rash. Good work, HP! source (viafollow)
21:09 // 2 years ago