Subject category:
Strategy and General Management
Published by:
INSEAD
Version: 05.2016
Length: 23 pages
Data source: Published sources
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https://casecent.re/p/135513
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Abstract
The case presents describes the tumultuous leadership of Carly Fiorina at HP, from her nomination as CEO, then chair, and early attempts at strategic change (a move to buy PwC Consulting) to a major acquisition (Compaq) and ultimately her removal by a board coup. At the time she was fired (and replaced by Mark Hurd from NCR) the share price was rising and results were coming through. During that time, she had a major falling-out with Walter Hewlett, son of the founder and President of the Hewlett Foundation, which owed 10% of HP's stock. She also fell out with Dick Hackborn, the person who had hired her and then offered her the chair position despite doubting - he later admitted - her ability to turn around the company's fortunes.
Industry:
Other setting(s):
1999-2015
About
Abstract
The case presents describes the tumultuous leadership of Carly Fiorina at HP, from her nomination as CEO, then chair, and early attempts at strategic change (a move to buy PwC Consulting) to a major acquisition (Compaq) and ultimately her removal by a board coup. At the time she was fired (and replaced by Mark Hurd from NCR) the share price was rising and results were coming through. During that time, she had a major falling-out with Walter Hewlett, son of the founder and President of the Hewlett Foundation, which owed 10% of HP's stock. She also fell out with Dick Hackborn, the person who had hired her and then offered her the chair position despite doubting - he later admitted - her ability to turn around the company's fortunes.
Settings
Industry:
Other setting(s):
1999-2015