What Can Weaken or Destroy Organizations’ Souls
David B. Zenoff
Chapter Chapter 6 in The Soul of the Organization, 2013, pp 83-97 from Springer
Abstract:
Abstract The immediate aftermath of the sudden, surprising, and somewhat mysterious departure of Mark Hurd as Hewlett-Packard’s CEO in August 2010 included press allegations of how unpopular Hurd had been among longtime HP employees and executives. The New York Times reported that Hurd had “systematically destroy[ed] what had always made HP great … [by] ‘chopping R. & D.,’ which had always been sacred at HP.” The article also discussed “Mr. Hurd’s dictum that HP executives resign from all civic boards, as well as his decision to cut off many of HP’s philanthropic activities.” “HP had always been a model corporate citizen,” said Charlie House, a former longtime HP engineer. Plus, he continued, “Mr. Hurd was incredibly rude and demeaning, and relied on the fear factor … He was wrecking our image, personally demeaning us, and chopping our future.”
Keywords: Mutual Fund; Investment Banking; Technology Stock; Wealth Management; Audit Client (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4302-4966-5_6
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DOI: 10.1007/978-1-4302-4966-5_6
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