In most cases isn't cost slashing the same as "workforce reduction."
I'd wonder, too, how he handled "retiree costs"?
Bruce.
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Bruce J. Senn Phone: (518) 388-6664
Senior System Manager FAX: (518) 388-6458
Union College E-mail: [log in to unmask]
Schenectady, NY 12308 WWW: http://www1.union.edu/~sennb
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-----Original Message-----
From: HP-3000 Systems Discussion [mailto:[log in to unmask]] On
Behalf Of Shahan, Ray
Sent: Tuesday, March 29, 2005 3:38 PM
To: [log in to unmask]
Subject: Re: Have you Hurd the news?
This'll come under the heading "The floggings will continue until morale
improves".
Ray Shahan
-----Original Message-----
From: HP-3000 Systems Discussion [mailto:[log in to unmask]]On
Behalf Of Wirt Atmar
Sent: Tuesday, March 29, 2005 1:58 PM
To: [log in to unmask]
Subject: Re: [HP3000-L] Have you Hurd the news?
Mark writes:
> Hewlett-Packard Co. has picked NCR Corp. chief executive Mark Hurd as
the
> next leader of the giant computer and printer maker, according to
people
> familiar with the matter. H-P is expected to announce the appointment
later
> today, these people said.
>
> Mr. Hurd has run NCR since February 2003. When he took the helm,
sales were
> shrinking, pension and retiree costs were swallowing profits and the
> company's stock was at a nadir. He pulled the company out of the red,
partly
> by slashing costs.
If those qualities aren't going to improve moral among HP's employees, I
can't imagine what will.
Wirt Atmar
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