July 5, 2012 |
SAN JOSE — Hewlett-Packard Co.'s storied yet faltering business is expected to take nearly half a decade to turn around, but a looming question is whether investors will give the company and its new chief executive, Meg Whitman, that much time. Its investors have reason to be restless. Many of them have watched the Silicon Valley leviathan struggle to find its way amid heightened competition complicated by a succession of management missteps and purges. And to keep shareholders from jumping ship or demanding the heads of more executives, some analysts say, HP needs to start showing marked advances sooner rather than later.
May 30, 2012 |
Mitt Romney was endorsed by former secretaries of State Condoleezza Rice and George Shultz at a fund-raiser here Wednesday night, with both arguing that Romney is best suited to right the nation's economy and standing in the world. Shultz noted that he had served Presidents Eisenhower, Nixon and Reagan, and knew both Bushes well, and said he recognized leadership and saw it in Romney. “Look at these people, and you see they have good minds, not just intellects, but some sort of creative ability to grasp the depth of what's going on and that's really important and this man has that kind of mind,” Shultz told 300 people at a hilltop castle in this Bay Area suburb.
April 14, 2012 |
As Democrats launch their general election assault on Mitt Romney, their approach has sounded familiar to those who followed the meteoric rise and fall of Carly Fiorina and Meg Whitman, corporate chieftains who lost their Republican bids for senator and governor in California two years ago. Much as Fiorina and Whitman emphasized their business experience, Romney's presidential campaign has presented him to voters as the man to tackle the nation's...
April 4, 2012 |
Fresh off an unsuccessful and costly run for California governor, Meg Whitman last fall took the helm ofHewlett-Packard Co. as its fourth chief executive in little over a year. The storied technology giant was in desperate need of a turnaround after a series of missteps and internal dysfunction. For Whitman, who failed to catch on with voters after spending $144 million of her own money, it was a chance to return to familiar territory in Silicon Valley, where she had first made a splash with auction site EBay Inc. But six months into her tenure at HP, analysts say they've yet to see real improvement at one of the world's largest computer makers.
November 22, 2011 |
In its first earnings report with Meg Whitman as chief executive, Hewlett-Packard Co. reported fiscal fourth-quarter profit and revenue that beat expectations, but cautioned that it expected a challenging 2012. The tech giant Monday reported revenue of $32.1 billion for the three months ended Oct. 31, down 3.5% from $33.3 billion last year. Profit totaled $239 million, or 12 cents a share, compared with $2.54 billion, or $1.10, a year earlier. Excluding one-time charges and other items, Hewlett-Packard would have earned $1.17 a share, beating the Wall Street estimate of $1.13.
October 28, 2011 |
Hewlett-Packard Co. will keep making personal computers after all. The world's largest computer maker said Thursday that it would not spin off its Personal Systems Group, which makes PCs, into a separate company, an idea it first floated in August. HP's new chief executive, Meg Whitman, said the decision came after the Silicon Valley giant "objectively evaluated the strategic, financial and operational impact" of divesting the business. "After reviewing the results of the analysis, the decision was actually very straightforward," Whitman said in a conference call with analysts Thursday.
October 1, 2011 |
Meg Whitman is taking a $1 annual salary for her position as the new chief executive of Hewlett-Packard Co. But don't think she's working for peanuts. As part of her compensation package, Whitman was also awarded options to buy nearly 2 million shares of HP stock at $23.59, close to Friday's opening price, which eventually could bring her a windfall of tens of millions of dollars if HP's stock price rises. But as with many executive-level packages, the options won't vest immediately: Whitman won't be able to cash in at least 900,000 of them until a year from now. The vesting of the options is also tied to the performance of the stock: If HP's stock doesn't achieve certain levels of growth during her tenure, in other words, Whitman can't use them.
September 24, 2011 |
Hewlett-Packard Co. investors greeted the company's new chief executive with the Wall Street equivalent of a stocking full of coal. On Meg Whitman's first full day as CEO, the company's stock hit a six-year low. The drop, which sent the stock to its lowest price since May 2005, reflected investors' continued doubts about Whitman's fitness to run the global computing giant. The stock later rebounded somewhat to close down 2.1%, or 48 cents, at $22.32. In a conference call Thursday with Whitman and HP Chairman Raymond J. Lane, investors repeatedly asked whether HP's board had hired Whitman too hastily.
September 23, 2011 |
Hewlett-Packard Co. — the computer maker rocked by financial missteps, corporate espionage and allegations of sexual harassment in the executive suite — has placed its fate in the hands of an unlikely savior. Meg Whitman. The California GOP gubernatorial candidate and one-woman powerhouse who transformed EBay Inc. into a Web giant has been tapped to lead the Silicon Valley titan back to health and hopefully put an end to a decade of corporate dysfunction. It's going to be a herculean task others have repeatedly failed to achieve.
September 7, 2011 |
During the 2010 California gubernatorial campaign, former EBay chief and GOP nominee Meg Whitman frequently touted Rick Perry's leadership on the campaign trail, recounting how the Texas governor frequently took “hunting trips” for California business, urging them to relocate to the Lone Star State. During the San Francisco Giants' World Series battle with the Texas Rangers, Whitman and Perry even wagered on the series, betting a surfboard and cowboy boots, respectively -- an unusual move for a politician who doesn't hold elected office.