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Celerity

(54,008 posts)
14. Meg Whitman (billionaire Rethug serial firm trasher) being floated for Commerce is causing mad drama
Mon Nov 9, 2020, 01:30 AM
Nov 2020

I did a DU search on her, and she sure was not well liked here.


here is a short roundup of her last two firms she headed

https://en.wikipedia.org/wiki/Meg_Whitman#Hewlett-Packard

Hewlett-Packard

In January 2011, Whitman joined Hewlett-Packard's (HP) board of directors. She was named CEO on September 22, 2011. As well as renewing focus on HP's Research & Development division, Whitman's major decision during her first year as CEO has been to retain and recommit the firm to the PC business that her predecessor announced he was considering discarding. In 2012, Whitman announced that HP would write down $8.8 billion of the value of Autonomy, the British software company it had purchased the previous year. The announcement eventually led to a civil case in the UK in 2019 at which Whitman testified to having not carried out "proper calculations of the write-down."

In May 2013, Bloomberg L.P. named Whitman "Most Underachieving CEO" along with Apple's CEO Tim Cook (ranked 12th) and IBM's Virginia Rometty (ranked 10th) -- whose stocks have all turned in the worst numbers relative to the broader market since the beginning of each CEO's tenure. HP's stock led the list by underperforming by 30 percentage points since Whitman took the job.

On July 26, 2017, Whitman stepped down as chair of HP Inc.'s board of directors, while remaining as CEO of Hewlett Packard Enterprise (HPE). Whitman fought off further rumours around her position at HPE, where she was quoted by The New York Times "So let me make this as clear as I can. I am fully committed to HPE and plan to remain the company's C.E.O. We have a lot of work still to do at HPE and I am not going anywhere" On November 21, 2017 it was announced Whitman was stepping down as the CEO of HPE, effective February 1, 2018, with HPE president Antonio Neri taking over as CEO.

Quibi

Whitman is currently CEO of Quibi, a short-form media content app designed for smartphones. In September 2020, just 5 months after its launch, Quibi was considering sale or acquisition with a valuation of $500 million, despite its $1.75 billion initial investment, having failed to meet subscriber targets. Coverage and analysis has blamed this failure on the concept itself, feuds between Whitman and founder Jeffrey Katzenberg, and failures of leadership from Meg Whitman due to her lack of “experience in the industry of the company she is running.” The failure of the app was predicted by many in the Silicon Valley tech ecosystem, with one critic, Rob Enderle listing this as the most recent in Whitman's “repetitive failures” due to her “inability to take responsibility for mistakes, an inability to support subordinates, a focus on shifting blame, and a lack of subject matter expertise.”

snip


do not think this one will get far

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so who is doing all this dissention stuff? got names? nt msongs Nov 2020 #1
Do you really want me to call out Twitter users BainsBane Nov 2020 #2
I wonder how many of them are actually Russians. Crunchy Frog Nov 2020 #3
I don't think so BainsBane Nov 2020 #5
So are we like The People's Front of Judea vs The Judean People's Front? Crunchy Frog Nov 2020 #6
Really? BainsBane Nov 2020 #8
F*** OFF!!! mr_lebowski Nov 2020 #9
"We're the People's Front of Judea!" "Really? I thought we were the Popular Front." Crunchy Frog Nov 2020 #13
To be more precise :) nt mr_lebowski Nov 2020 #18
In my feeds none I've seen herding cats Nov 2020 #7
Many are. JaneQPublic Nov 2020 #25
Oh just brilliant Hekate Nov 2020 #4
I Blocked The Negative Nellies A Long Time Ago FelineOverlord Nov 2020 #10
I can do without that self-destructive Cha Nov 2020 #11
Below is a link to Eva Longoria's comments. She went a little overboard... brush Nov 2020 #12
It struck me too when she said BainsBane Nov 2020 #16
Yeah, she took a little too much credit. I hate that. We should all... brush Nov 2020 #19
Thank you for the link, brush.. Cha Nov 2020 #20
Yes, Cha. I think we should all share the credit for such a great win. brush Nov 2020 #21
Yeah, she was into it.. Cha Nov 2020 #22
Meg Whitman (billionaire Rethug serial firm trasher) being floated for Commerce is causing mad drama Celerity Nov 2020 #14
Republicans are fighting also . The Trump MAGA Qanon types are attacking the "establishment" JI7 Nov 2020 #15
Interesting BainsBane Nov 2020 #17
I wish there was a left of center bot influencer that would amplify OnDoutside Nov 2020 #23
This is why we lose. joshcryer Nov 2020 #24
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