Fiorina: HP Exit May Be Windfall Day [Forbes.com]

Carly Fiorina almost became the first woman member of the GDT::DreamTeam during the Spring 2004 semester, but Kim Polese was selected first. I suspect Carly may make the team sometime in 2005. Carly was added to the GDT::DreamTeam during the early part of the Fall 2005 semester.

[source::Forbes.com]
Carly has stepped down as CEO of HP. By avoiding being fired, she may end up collecting "two-and-a-half times her salary and target bonus, or approximately $21 million." Forbes.com reported Fiorina held "more than 4 million HP shares, according to the company's last proxy, and HP stock is trading up 5% today on news of her resignation." [today is 09 February 2005]. All this on top of a $3 million signing bonus she received when she joined HP from Lucent Technologies back in 1999.

Another source indicated HP helped Carly with "her mortgage, relocation expenses and taxes related to relocating, for a total of $1.6 million between 1999 and the end of 2003."

I remember seeing a story about how Carly the potential to be President of the United States of America.

Exercises

(1) [timestamp::Wed Feb 9 13:51:37 MST 2005]
HP stock was trading at $21.55 per share. If Carly owns 4 million shares, how much money does Carly have invested in her former company?

(2) Pretend Carly hid her $3 million signing bonus under her mattress. She now decides to live 100% free for the next 7 years using up her entire signing bonus. How much per year will Carly pay herself?

A GDT::QOTW came from Dan Gillmor speaking about life in Silicon Valley...

   "Here, failure is often seen as an education, provided one 
    fails the right way, which is to say not stupidly or sleazily."

Many will state Carly failed as CEO of HP. That's okay Carly because I'm sure you failed the "right way."

Looking forward to learning about what Carly does next.


Creator: Gerald D. Thurman [gthurman@gmail.com]
Created: 09 February 2005

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RoadHacker Nanofoo

I've been to Silicon Valley many times.

My favorite place to stay is the Hotel California located in Palo Alto, California.

HP got started in a garage located in Palo Alto and it is considered the birthplace of Silicon Valley.

Palo Alto is home to Stanford University.