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Trish Grenfell
I was one of the 33,000 people Carly Fiorina laid off when she was CEO. of Hewlett Packard, the first wave of layoffs since HP began in 1938. In addition to the layoffs, she cut wages for those remaining by $130 million and sent 18,000 jobs offshore.
In fact, she had a term for it: Òright-shoring.Ó By the way, these cost savings were offset by her own handsome bonuses/perks and her $90 million salary.
Do you think these job sacrifices were the appropriate action to take for HP? They meant the end of ÒThe HP Way,Ó the celebrated company culture that gave HP top ratings as an excellent employee company. And they also saw HPÕs stock price drop 60 percent.
In May 2009, Portfolio Magazine named her as one of the 20 worst CEOs of all time.
The HP board fired her in 2005 and no company has hired her since. She promotes herself today as a job-creator, but she has proven herself to be much more adept as a job-killer.
California has enough problems now; letÕs not add to them.
Trish Grenfell
Davis
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