Former eBay Inc. CEO, Meg Whitman, has been named as the new CEO of HP. If you can't be governor, and you can't enjoy retirement as on of the few billionaire women on the planet, what do you do? You take over as head of a faltering former tech giant and attempt to turn things around.
The HP board might see this as a way to bring a "successful" CEO into the fold and breathe life into the company. However, many will see this as a test of Whitman's ability to actually accomplish something. She had a successful run at eBay, running a multi-billion dollar company and growing it into what it is today. Despite the success of eBay, critics still argue that eBay would have grown organically with or without Whitman's guidance.
So now she has to prove that she was more than a figurehead that was the leader of a corporation that went viral organically and actually prove that she is worthy of the billions of dollars that she has "earned" over the years. If she can turn HP into a profitable business and a brand that excites consumers, she might prove her critics wrong. But if HP continues to lose market share to other big players including Apple, Google, Toshiba and Blackberry, her critics might be able to finally have proof of her shortcomings.
Labels: eBay, eBay Inc., ebay.com, HP, Meg Whitman