There is something woefully unsettling about a HP paying CEO Meg Whitman $15 million when said company failed to MAKE A PROFIT only to INCREASE REVENUES by laying off workers instead of “Invent. Reinvent. Repeat.”
Read Market Watch article on other HP executives who received enormous "performance based" compensation only for cutting costs by eliminating employees. Seems to be a recurring theme over the years for many companies. HP's motto was once the stuff of legend, "Invent. Reinvent. Repeat." No longer. How can a company of any kind expect loyalty and innovation from employees and customers when their only path to growth isn't innovation but rewarding executives whose only talent is reckless downsizing?
Oh, what a slippery slope boards and shareholders seek to climb without long term rewards. HP for example has a parade of CEO's with minuscule returns for years.
While this behavior isn’t new by any means, one would have expected HP to strive for a higher standard.
Employees build companies. Employee layoffs don’t require skill. Any idiot can subscribe to that low level of “leadership” and management. HP’s way forward Ms. Whitman remains in its motto: Invent. Reinvent. Repeat. JW
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