This has got to be some kind of a record, right? Not a record anybody would brag about, but still...
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Didn’t HP go through a bunch of CEOSs before they broke in two starting with Carly Fiorina?
Your recollection is accurate, and it should be clarified that the unraveling is entirely on Henshall. Elliott was out. The stock price was sailing. And then Davey Boy put the rancid cherry (Wrike M&A + exaggerated guidance #s) on top of his already spoiled sundae (worst rebranding ideas in the history of product management). He skated with around $100M of stock gifts while leaving the troops for a burning sacrifice. If anyone knows his aircraft mechanic, please post his number here. I have an idea I’d like to run by him.
IIRC, Citrix had 4 CEOs in that time frame but 3 of them held the title twice.
Kind of reminds me of the good old days of boxing where fighters would lose a title fight and then win their title back in a rematch a year or so later.
Here is my recollection (please correct me as my timeline might be off a bit)...
MT (at the end of a great run as CEO when he decided to retire)
DH (Part 1 - interim while the search for a new CEO was underway as MT was planning to retire)
MT Part 2 (when he decided not to retire)
BC Part 1 (Elliot Mgmt Era Part 1)
KT
DH Part 2
BC Part 2 (Elliot Mgmt Era Part 2)
The company continues to pay about 10-15% of its annual net income to CEOs, Interim CEO and CEO Severance packages.
An outrageous derilicition of fidiciary shareholder duty.
Things were never the same after Templeton…