My last real job was going pretty well until Carly Fiorina decided that HP needed to buy Compaq. My company had a big contract, managing all the contract staffing at Compaq in the USA. My role was essentially to keep the customer happy. I was making good money and life was good. Then came the HP cloud."(WASHINGTON) Carly Fiorina, who lost her job as chief executive of Hewlett-Packard three weeks ago, has emerged as a strong candidate to become president of the World Bank, according to an official in the Bush administration..."
There was a big, protracted fight within HP stockholders about the merger/takeover. During this time, the uncertainty about the future tainted everything. New projects froze. Plans were put on hold. Budgets were constrained, management was scared and clueless. My workplace became a Hellhole.
In the end, Carly won the day. HP took over and the bloodbath at Compaq began. We watched helplessly as our contacts were laid-off. The relationships Compaq had developed with suppliers was nullified as HP asserted it's power. The inevitable happened: my job went away along with many others at the Hellhole. Thanks, Carly.
After two years, skillions of dollars, many thousands of casualties (both at Compaq and its suppliers) the HP board finally realized what I could have told them in the first place: Carly was wrong. She was punished severely, sent packing with a mere $21 Million severance to ease the sting of her public humiliation. She is eligible for unemployment benefits on top of that.
My severance was two months pay, plus unused vacation. This barely covered my tab at the local gin mill.
I guess I'm finding it hard to garner sympathy for the poor CEO's in the news. ( Poor Bernie, no one told him about the fraudulent accounting; poor Martha, she had to do jail time for doing what everyone does). But above all, poor Carly - what idiot would want to hire her, after the HP fiasco?
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