291. CEO and company (2/14/05)
HP ousted its CEO - Carly Fiorina on 2/9. It proved my previous thought.
In early 1990s, I started to suspect it was the house I bought which caused persecution on me. One thing puzzled me was how could they even shut down
a company to prevent me from buying the house. How could owner of the company bear the loss to benefit Feds?
Something occurred in 1993 solved this puzzle for me. In May that year, newspaper reported that former owner of Disneyland - Walter Disney was an
informant of FBI. I thus knew that Feds ruled country through their informants, especially by the management of company.
About same time there was a campaign between two high ranking executives. They competed for the post of CEO of Disneyland. The struggle ended with one
candidate died in a helicopter accident. So another puzzle came into my mind. Either candidate would have
been cooperative with Feds to be its informant, why Feds still choose the CEO by violence?
I finally had a conclusion. Feds now is not satisfied with informants. They need a CEO of their own. That someone represents for the interest of Feds
rather than for the interest of company he works for. For example, Walther Disney might refuse to shut down Disneyland for the interest of FBI because
that was his blood and sweat. But a CEO of Feds will do. (see "29. "I am you, American."")
In late 2001, HP CEO Fiorina announced acquisition of Compaq. Which was opposed by HP heir Hewllet. I thought it was a typical sample of how a CEO
not work for the interest of the company she was employed. I wrote an article, pointed out Hewllet's opinion was for the interest of HP. Fiorina's
was not. The recent development proved my theory about CEO. (see "57. FBI's interest" I wrote in 2002.)
Three years later Fiorina is ousted from HP. Her decision to merge with Compaq played key role in her bad performance. I am an outsider of high tech.
business. But even I knew it was a bad deal. How Fiorina in a position with much more information couldn't see the danger and took over a hot
potato? What she did might have saved the Compaq from bankruptcy. She might have saved profit of some firms which held a large quantity of Compaq
stock. She probably saved the stock market from another shocking downturn. Stock market was gasping in 2001 from the outbreak of dot.com bubble. It
couldn't bear another news of bankruptcy of a big firm. What she did, was at the cost of HP's interest.
As what I have said if CEO made a damage, he has little to lose. Fiorina left with a fat pocket. She got 21.4 million of severance pay and a
compensation of 8.15 million for 2004. It looks like she did something good and left with a reward. She might get another high ranking job.
See whole story at:
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[edit on 11-3-2005 by kathaksung]