Carlys gone, HPQ up 10%!
Thats right, Carly Fiorina has stepped down as CEO and Chairwoman of HP today after a dispute with the board!
HP has been in somewhat of a downward spin since 2002 when Carly pushed through the compaq merger, and has been the reason behind thousands of lay offs and the shutting down of some of HPs best divisions
The industry in general seems pleased with the move, with HPQ jumping 10% at points earlier, an increase in value of over 7 billion dollars (wonder how she feels knowing she had a -$7bn impact on the company)
(reports have been coming in of HP staff celebrating in thier labs/cube farms most of the day)
Full story: here