Thursday, August 12, 2010
Have you "Hurd" about HP Japan?
"The article said that the Tokyo Regional Taxation Bureau found that HP failed to declare JPY 47 billion (£349 million) between October 2004 and 2006.
According to the Ashai, HP Japan pays over JPY 20 billion for administrative costs to its US parent branch, which tax authorities said should not have been claimed under expenses."
See the whole article here.
With shady tax dealings in Japan and former CEO Mark Hurds strange "not exactly" sexual harasement situation you have to wonder, what is up with HP lately?
Perhaps the problem is within HP's less than stellar Marketing efforts...
From Death of the Copier
"I've said it before, HP is great at making really cool things, but marketing, not so much.
A quote from Ellison,
"...The H-P Board just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago. That decision nearly destroyed Apple and would have if Steve hadn’t come back and saved them. H-P had a long list of failed CEOs until they hired Mark who has spent the last five years doing a brilliant job reviving H-P to its former greatness..."
If there are any doubts, Ellison crystallizes with this,
"...Publishing known false sexual harassment claims is not good corporate governance; its cowardly corporate political correctness. Those six directors caused H-P to lose a nearly irreplaceable CEO. Those six directors who voted against Mark can try hard to hide behind a claim of “good corporate governance” but their decision has already cost H-P shareholders over $10 billion … and my guess it’s going to cost them a lot more..."
Read the whole article here.
I am honestly wondering when HP's Reality TV show will go into production. Perhaps they could get Ben Stein to Host it...