By Peter Burrows
An insider's examine the inner turmoil at one of many world's foremost high-tech companies
this is often the interior tale of Hewlett-Packard Company's fight to regain its former glory, and of the high-stakes conflict among CEO Carly Fiorina and family members scion Walter Hewlett over how top to accomplish that objective. for many years, HP was once trendy not just for its leading edge items and hovering inventory cost, yet for its egalitarian company tradition and father-knows-best integrity. Backfire explains how the corporate fell on not easy instances, recounts the old selection that made Fiorina the world's top-ranking lady government, and brings to lifestyles the backlash that resulted while she attempted to impose her charismatic salesmanship at the getting older icon. best BusinessWeek journalist Peter Burrows offers the dramatic blow-by-blow of Hewlett's attempt to kill Fiorina's so much arguable circulation of all, her $19 billion buy of rival Compaq desktop. Fiorina gained through a whisker, after the most costly proxy struggle in historical past and a dramatic lawsuit that accused the corporate of illegally solving the vote. This gripping, ongoing tale contains attention-grabbing personalities and dramatic boardroom and court drama.
Peter Burrows (Alameda, CA) has been a know-how reporter for BusinessWeek for 9 years and has coated the HP saga from the beginning. the dept editor for BusinessWeek's machine insurance, he has been the significant chronicler of Fiorina's tenure at HP, and has written 3 conceal tales at the topic. He has additionally written a variety of different hide tales, together with seems at Steve Jobs's Apple machine and solar Microsystems' Scott McNealy.
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Additional info for Backfire: Carly Fiorina's High-Stakes Battle for the Soul of Hewlett-Packard
But where to go? The Robert H. Smith School of Business was no hotbed for MBA recruiting. But there was one coveted opportunity. Each year, AT&T held spots for promising grads to work in its nearby Washington office and to enter its management development program. It wasn’t an obvious fit for Fiorina. AT&T’s federal division was an old-boy network of hardened veterans who had grown up in the Ma Bell monopoly. Lamone advised her to apply 42 x The Emergence of Carleton Sneed x anyway. AT&T was changing, already embroiled in the antitrust suit that would lead to the breakup of the monopoly in 1984.
According to Bartlem, she said, “After my business training, I’ve come to the conclusion that there are certain things I need. You have to make up your mind and act on what you believe is right. You just have to do it. ” “Wait a minute,” he claims to have responded, “this is not a Harvard University case study. This is a marriage. ” But she left, without leaving a phone number or forwarding address. True to her word, she has never seen him since. Bartlem doesn’t deny he’s got an ax to grind. “I wish I could wish her the best, but I don’t.
Under an arrangement with the university, professors got low-interest mortgages on these houses. The result was a high-brow “Stanford ghetto,” which even had its own elementary school system. Of the 100 or so students at Stanford Elementary, almost all were “faculty brats,” including the children of environmental scientist Paul Ehrlich and renowned physicist and arms control specialist Sidney Drell. By the time she got to Terman Junior High, named for the famous Stanford professor who helped Bill Hewlett and Dave 32 x The Emergence of Carleton Sneed x Packard start their company, it was the late 1960s.