Reminder to those believers that John V was fired from HP. Fired. He didn’t transform it. Nor did Steve B. These washouts are similar to XRX Dr GSS, all ego no substance or capability, failed pasts.
Reminder: https://www.information-age.com/hp-reports-largest-loss-in-its-history-2117623/
Comments still here. Interface changed. Click the title.
All comments deleted. I don’t recall any rule violations. Perhaps an exec contacted Layoffs and demanded a take down?
I work for an xdx team told to not inform anyone when people leave. We had more than 60% attrition in last 18 months almost all voluntary. On top of that no ability to re-full those jobs. I have a important role in the company but can’t do the job of my former staff. Not sure what I can do, have a strong personality leading my org can’t tell her the reality. Respectfully
dont forget ol Jeff J was also from a 'failed' past,kodak and previously at paramount studios went belly up on his watch.As for burns she was awful she is the reason we are here today, this was a storm brewing for years.
I heard JohnV say “I don’t know what a tech powerhouse looks like but I will know it when I see it” on an all-company webcast. How he remained on board after that day could be a Wharton School research project.
someone also commented, I guess nobody at Xerox did their homework, I know , shocking huh????
Why don’t you search on him now… HP seems to have lost its way thanks to Big John – it’s the same thing he did at IBM that had his back against the wall before he made the narrow escape to the left coast. He’s the most incompetent IT leader of our times and it’s great to see that even a colossal mess of a company like HP finally figured it out!
It just sickens me these people who "FAIL" at their jobs collect so much $ and ruin the lives of thousands
Another former executive collecting severance pay is John Visentin. He is the former head of Enterprise services, named by former CEO Léo Apotheker. He was fired after HP took an $8 billion charge to write down the value of EDS. That unit, acquired under former CEO Mark Hurd for $13.9 billion in 2008, has been a bit of an albatross around HP’s neck of late. Last year the unit was implicated in an embarrassing foul-up with an Australian bank that required Whitman to fly to Australia.
Visentin was paid a combined $8.3 million, including a base salary of $800,000 and a $2 million bonus connected to his promotion to Executive Vice President. HP also reimbursed him $127,311 for the deposit he made on a house he sought to buy in California, but on which he never closed. He lost out on $3.8 million in combined share grants and options, which were canceled and did not vest when he left. He departed HP owning a little more than 20,000 shares, worth about $330,000.
Blame Wall Street. I was there for the Steve B “look at Netflix” speech. Shockingly out of touch. Needs to spend time in Silicon Valley. Why investment houses are still on board is curious.