Fiorina out!

Carly Fiorina's nearly six-year reign at Hewlett-Packard ended today as the company's board forced her out as chief executive, disappointed by her efforts to make the technology giant whose strongest business is printers more nimble and innovative. HP shares jumped more than 6%. Board members said they fired Fiorina because she failed to execute a planned strategy of slashing costs and boosting revenue as quickly as directors had hoped. Fiorina had championed the 2002 acquisition of Compaq despite fierce resistance from shareholders and directors. Critics have called the merger a drag on profits.

Good riddance. She was not a good leader at Lucent, and she has not been a good leader at HP. Here is a good chronology of the highlights of Fiorina's tenure at HP.