Technology Giant Hp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Purchase with money from hp's highly successful printer business. when she met resistance within hp, she pushed through and got the deal anyway but at a terrible price. profits plummeted and even when they started rising again, they lagged behind competitors. hp stock value dropped by half. 30,000 workers were laid off and less than six years after she took control, fiorina was fired. wall street had little faith and on news of the dismissal hp stock jumped up 7%. >> her business record and record as an executive is pretty bad. this was a merger that was not well-executed or orchestrated. she ...

A non-partisan attack. tom foreman has that. >> reporter: when carly fiorina took the top job at the technology giant hp in 1999 she was riding a wave of professional success, fortune magazine called her america's most powerful female executive. >> i led hewlett packard through a very difficult time, the worst technology recession in 25 years. >> good morning, everybody. >> reporter: then launched a single massive deal and she's been playing defense ever since. >> it was a terrible deal and it really led to the destruction of the company. >> reporter: so what was this deal? fiorina wanted hp t...

Lagged behind competitors. hp stock value dropped by half. 30,000 workers were laid off and less than six years after she took control, fiorina was fired. wall street had little faith and on news of the dismissal hp stock jumped up 7%. >> her business record and record as an executive is pretty bad. this was a merger that was not well-executed or orchestrated. she was taking a big pay package at the time cutting people. >> reporter: fiorina's severance package worth $42 million fueled the anger among stockholders and employees alike. she said she only got half of that but a decade down the lin...