http://www.businessinsider.com/meg-whitman-slams-dell-debt-2016-9
12 replies (most recent on top)
@4xfb - Virtual badges... Since the first time I heard about that s#i+, I found the concept SO ridiculous... I take things like those as insults to employees... Granny Meg... The true Voice of the Workforce can be found on external sites like these... YOU S---!
If she wasn't lining her own pockets this company would be in much better shape. A good CEO wouldn't leave their company scrambling for resources all the time and letting their customers down.
Oh loved their response to the employee moral issue that has much more to do with monetary value than our co workers or cube life. Let's give them virtual badges and recognize each other! That will make everything much better!
So where can we find the true number of people the old bag has laid off since she became CEO? Seems like everywhere you look online it's a different number. I would like the real number and thinking it has to be closer to over 100,000 people or more as they layoff people over 40 and rehire younger people for their positions everyday. Also funny how she lays off people that are extremely knowledgable in their field and keeps replacing them with people straight out of college with no experience. Real nice. Hope everyone gets extra points and virtual badges this week to make them work harder and longer hours.
Meg slammed Dell for being owned by a private equity company stating they are "employee unfriendly" - Wow. Talk about cognitive dissonance. She's laid off 80,000 employees, and instituted policies intended to encourage her employees to leave, and she's got the nerve to level that sort of charge against Dell?
She did this at the "all employees meeting" - at least this time she wasn't crowing about how successful they were at moving our jobs to third world countries, like the last one.
Who will be around as a stand-alone Company in 5 years? It won't be HPE for sure...
And how much is she spending on stock buybacks on top of that? Meg is in a full panic - Dell EMC might affect her plans to torch HPE for quick profit if HPE keeps losing customers (and employees to do any work)
Difference is Dell cares about Dell and is looking to the future while Whitman just cares about Whitman and how much she can make through sell offs and the associated board positions that she secures along the way.
That's the difference between a man that's in it for the long haul and a woman who never looks more than 13 weeks ahead
Dell will eventually clean HP/HPE's clock.
So Meg says they have 5.5 billion in cash. How much debt to balance that? https://ycharts.com/companies/HPE/liabilities says that HPE has 46.40 billion in debt. So if Dell and HPE borrowed with roughly the same interest rates, and her calculation that it'll cost Dell 2.5 billion in interest per year for that debt is valid, then HPE will be paying about 2 billion in interest payments. Nice.
Granny Meg is desperate. She needs to sell some kind of story out there to eventually sell the remaining of HPE at a good price. If revenues continue to fall down, the stock will go down, and the investors' best interests won't be met.
Dell is looking at his Company as a long term proposition - contrary to HPE, which will be history in less than five years. Meg doesn't give a sh*t about HPE's future...