Word: packard
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Dates: during 2000-2009
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...INDICATORS Printer Jammed Shares in Hewlett-Packard slid after third-quarter net earnings of $586 million came in below market expectations. Citing poor performance at the computer maker's business server and storage unit, CEO Carly Fiorina promptly fired three executives...
...marketplace is a better organizer of insight and predictor of the future than individuals are. Once confined to research universities, the idea of markets working within companies has started to seep out into some of the nation's largest corporations. Companies from Microsoft to Eli Lilly and Hewlett-Packard are bringing the market inside, with workers trading futures contracts on such "commodities" as sales, product success and supplier behavior. The concept: a work force contains vast amounts of untapped, useful information that a market can unlock. "Markets are likely to revolutionize corporate forecasting and decision making," says Robin Hanson...
...understand the hype, take a look at Hewlett-Packard's experience with forecasting monthly sales. A few years back, HP commissioned Charles Plott, an economist from the California Institute of Technology, to set up a software trading platform. A few dozen employees, mostly product and finance managers, were each given about $50 in a trading account to bet on what they thought computer sales would be at the end of the month. If a salesman thought the company would sell between, say, $201 million and $210 million worth, he could buy a security--like a futures contract--for that prediction...
...factor: megapixels, the more the better. But that's not the whole story. Lens quality, image-processing capability and even the size of the pixels can all have a greater effect on how your pictures turn out. "The number of megapixels," says Bob Sobol, an image scientist at Hewlett-Packard, "is relatively unimportant...
Some companies are adopting more sophisticated formulas that peg CEO compensation to benchmarks other than the stock price in a bid to align pay more closely with performance. During each of the next three years, Hewlett-Packard CEO Carly Fiorina can accrue up to 150% of a nearly $2 million cash award if she meets certain criteria for operating cash flow. But she will collect the full amount only if at the end of the three years HP stock has outperformed at least half the companies in the S&P 500. IBM is now granting its top 300 senior executives...