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Hewlett-Packard, one of the
nation's preeminent corporations, is demonstrating its nearly lost
greatness by quickly recovering from the devastation heaped upon it
by ousted CEO Carly Fiorina.
< Ousted CEO Carly Fiorina |
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Mark Hurd, formerly with NCR, replaced
Fiorina in March, 2005. In Hurd's first months he rescinded some of Fiorina's plans. |
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Mark
Hurd undid some
of Fiorina's moves and prepared to
cut 14,500 jobs during the restructuring
that was anticipated to save $1.9 billion
a year while getting costs under control.
Hurd recently
said the company executed its plans in the fiscal
fourth quarter and the number of job cuts
now totals 15,300. About 4,700 workers left the company in the
fourth quarter as part of the restructuring. |
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Under Fiorina's reign, often the
printer division was the company's only division to show a profit.
Most
recently under Mark Hurd, several operating divisions experienced
gains in revenue and profit. |
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Hewlett-Packard's
fiscal fourth-quarter sales were up 7%.
Net earnings fell 62%
due to a one-time
$1.1 billion restructuring charge
announced in July. The company's results
beat Wall Street expectations. All divisions
including personal computers,
printers, enterprise servers, software and
services showed sales
gains. HP also boosted its earnings forecast for the first
quarter. |
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Now corporate America has further
proof. The caliber and style of management does matter. It impacts employees performance,
engineers' designs, company products, sales, and, therefore,
consumers' buying decisions. |
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