Per Marc Lewis, “Hurd will do everything he can to encourage Joshi to stay and empower him to feel he is part of the winning team. … You can guess the odds of Joshi still being there 18 months from now are probably quite slim.”ably quite slim.”
Per Marc Lewis, “Hurd will do everything he can to encourage Joshi to stay and empower him to feel he is part of the winning team. … You can guess the odds of Joshi still being there 18 months from now are probably quite slim.”
So many losers: Will top HP insiders leave the company?
By Dean Takahashi, Mercury News
By choosing outsider Mark Hurd as Hewlett-Packard's new chief executive, the company's board has created a long list of losing candidates.
Hurd must be exceedingly diplomatic if he wants the internal contenders to stay, particularly since he hails from NCR, a company significantly smaller than some divisions run by the losing HP candidates. And given the talented pool of external losers, HP's board has to justify why it is taking a risk on someone who was on nobody's short list to run a company with $80 billion a year in revenue.
Many well-known names had surfaced as candidates for HP's top job since the board fired Carly Fiorina in February. But the HP board members acted so quickly in choosing Hurd that it seems they had crossed many candidates off the list early on…
…For the internal candidates in particular, losing out to someone who runs a much smaller company — NCR's revenue is $6 billion -- might be considered a blow to the ego. But Hurd will most likely need the help of the spurned candidates as he faces running a much larger, engineering-oriented company.
“V.J. and Livermore are critical to carrying out the strategy,” Stahlman said…
…The insiders do have attractive jobs. Joshi's imaging and personal systems group accounted for 60 percent of HP's $21.4 billion in revenue for the most recent quarter ended Jan. 31. Livermore's technology solutions group contributed 38 percent of the company's revenue. If Joshi and Livermore left those jobs, it isn't guaranteed they would find comparable jobs elsewhere. Dunn said she hopes that both will stay. The possibility remains that the insiders could still be groomed as successors to Hurd…
…Said Jon Holman, head of executive search firm the Holman Group in San Francisco: “Presumably, the insiders will wait around to see what this CEO is like. But in six to nine months, some senior management will be gone, less likely because they didn't get the job and more likely because this CEO isn't their cup of tea. It happens in every CEO search.''