I have cross-referenced the chronology against the stock price (adjusted for dividends and an October 2000 2:1 stock split).
July 1999: HP appoints Fiorina as president and CEO. [$27.24]
June 2000: HP completes divestiture of Agilent Technologies. [$58.18]
September 2000: Fiorina is named chairman of the board of directors. [$45.33]
October 2000: HP announces plans to acquire middleware vendor Bluestone Software. [$43.46]
March 2001: HP creates a new business organization, HP Services. [$29.39]
September 2001: Plans are revealed for HP to acquire Compaq in an all-stock deal. [$15.20]
May 2002: HP officially closes its acquisition of Compaq. [$18.22]
January 2005: HP announces that it will merge its PC and printer divisions. [$19.59]
That's an annualized return of -5.8% per year over Fiorina's 5.5-year reign.
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1 comment:
Thanks. I found the results to be insightful.
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