Board Chair, although way up there, doesn't
rate as an employee position.  That's a
stockholder item.  A board could vote to
buy or sell any company asset they want,
or anyone can buy an aircraft out of personal
funds.

But a personal aircraft as a perquisite by
virtue of only employment is another matter.
Bill or Dave may have been able to use a
Gulfstream IV in 1985, but not as as an
employee.

Carly, as Board Chair and CEO, enjoys the
benefits of both positions.  (It's good
to be Queen.)

Tracy Johnson
MSI Schaevitz Sensors


>-----Original Message-----
>From: Jerry Fochtman [mailto:[log in to unmask]]
>Sent: Tuesday, November 27, 2001 10:22 AM
>To: Johnson, Tracy; [log in to unmask]
>Subject: Re: [HP3000-L] Carly in the news
>
>
>At 09:01 AM 11/27/01 -0500, you wrote:
>> >They mention that Carly has a Gulfstream IV jet - a luxury
>> >that neither Bill nor Dave ever had.
>>
>>Gulfstream IV's were introduced in 1985.
>>William Hewlett retired as President in 1977, CEO in 1978.
>>David Packard left HP as President in 1969.
>>
>>Although they stayed on the Board of Directors for many
>>years afterward, it would have been difficult, if not
>>impossible for Bill and Dave to have a Gulfstream IV
>>in their President and CEO positions.
>
>While it may be true, in terms of President/Ceo positions,
>what about Board Chair (which is also currently held
>by Ms. Fiorino)?  In 1985 Dave Packard delivered the opening
>keynote address at the Baltimore-Washington Interex
>Conference....as Chairman of the Board.  Unfortunately
>I don't recall when he stepped down from this position,
>but it seems that it was several years later.
>
>So yep, he could have rode in a GulfSteam IV.
>
>FYI...this is not the first corporate jet HP has had.
>I believe Alfredo can relay a story about riding in
>one in the late 70s/early 80s.
>
>I think the issue people are raising is the purchase
>of this on one hand, while laying-off people on the
>other.  Sorta like a major airline purchasing a bunch
>of jets from a foreign manufacture just after the
>government finalized a $5B support package following
>911.  Talk about no sense for timing....
>

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