Every well known company has its own DNA, a way of solving problems and doing things that sets them apart from the others. So has HP, an influential high-tech company founded by Bill and Dave in a garage with no more than $538. But what if ‘the HP way’ known for high ethical standards and good behavior starts to fail?
In the 1990’s HP started adding Hollywood figures to the leading people of its company, mostly women, for example Carly Fiorina who made the company lose half of its value and Patricia Dunn who got involved in a spy scandal… As you may see not such a good call, until they hired Mark Hurd. Hurd was not a sexy woman but a nerdy-looking numbers guy who became chief executive in 2005 and doubled the share price while cutting costs.
As any other Hollywood deal he also made mistakes and received $30m to leave the company, without answering questions on why he had to leave, other than a vague remark about a complaint towards him. As HP is getting lots of complaints towards the large amount of money, he might have been the only one worth this money. (The Economist)
Corien Staels
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