Enderle explains some of the reasons that Mark Hurd is considered a pariah in the industry. Now fled to the barbarian king Ellison, Sam Palmisano of IBM is starting to pitch crap at a weakend HP and Hurd in particular.
It rankled CEOs from Palmisano to Michael Dell to be compared to a guy who by most measures was slowly killing his company to maximize quarterly returns. A kind of vampire, Hurd represented the inordinate power financial analysts had and how they were forcing decisions that were crippling long term. However any company that didn’t listen to analysts was pounded in the market with an expensive impact on executive bonuses and longevity. It was understandably upsetting for Palmisano and others to see Hurd receive massive rewards for sucking the life blood out of HP while their better parenting went largely unnoticed and often unrewarded.
And so now some of the reasons why this website exists are becoming clearer. The news there is that Hurd is getting booted off the board of News Corp.
I can tell you that it is music to my ears to hear that this particular kind of exec is getting flamed. HP is one of those great loved companies to engineers, and the very idea of having a finance goober run the joint into the ground just by tweaking numbers to please Wall Street analysts is horrid. So now that this one has outed himself as an asshat. To earn the appellation 'The Turd' takes some doing, even among vulgar grouches. But now the saga has taken root in my attention sphere.
I've always admired HP. They're having it rough up there.