According to the woman formerly known as CEO of Hewlett Packard (HPQ), Meg Whitman, the two companies formed by her decision to split the storied Silicon Valley tech giant are currently in the fourth year of a five-year turnaround effort. And everything’s going according to plan.
The former eBay chief even joked at a recent event that “turning around HP was relatively easy versus running for governor of California,” referring to her spectacular loss to Gov. Jerry Brown after spending a record $140 million of her own money on the failed campaign.
Here’s the thing. The only HP turnaround that can accurately be described in the past tense is the one that was brilliantly executed by former chief executive Mark Hurd – now co-CEO of Oracle. Clearly, Whitman misspoke, since she’s still got one year left on her five-year plan and, as we’ll see in a minute, she’s certainly not there yet.
Read more at Fox Business.