This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

HP's Meg Whitman Setting New Lows in CEO Incompetence

Faber asked Whitman why HP puts so many eggs in the printing basket, given the shift to mobile environments and the cloud. Cramer wondered aloud how she'll overcome the fact that nobody cares about an HP product release; it's all about Apple (AAPL - Get Report). He followed that up by asking for reaction to Oracle (ORCL - Get Report) CEO Larry Ellison's contention that HP was down before Mark Hurd, up with him and back down immediately after his tenure.

In total, Whitman took five minutes responding to those three questions; however, just 15 seconds went towards actually answering any of them directly.

Shockingly, Whitman made herself look even more incompetent than 2011's worst performers: Research in Motion's (RIMM) former co-CEOs and Netflix (NFLX - Get Report) top dog Reed Hastings.

No doubt. I'm being incredibly harsh. If you're an HP shareholder, you should be as well.

As Cramer explained yesterday on TheStreet, what's happening at HP is "jaw dropping."

I thought guys like Facebook (FB - Get Report) CEO Mark Zuckerberg and other young, wildly successful tech executives made it perfectly clear. You need to bring your "A" game when you face investors and the media. If you're not capable, put somebody else in front of the camera who is. That's what Hastings should do. That's what Mark Pincus at Zynga (ZNGA - Get Report) should do.

Compare Zuckerberg's highly-publicized appearance at the TechCrunch Disrupt conference a couple of weeks ago with Whitman's debacle on CNBC.

Whitman gave weak answers; Zuckerberg killed it.

But, it wasn't simply that he looked and sounded good. Zuckerberg actually said something. He provided investors with what they need to support a stock before the magic happens -- something material. Zuckerberg talked specifically about the space, mobile, Facebook's mistakes and how they're recovering from them.

A 28-year old first-time CEO of the company people suddenly love to hate schools a 56-year old veteran on how to handle crisis and communicate with investors.

I'm not sure why we continue to put up with it in politics. Because, in tech, the days of accepting lip service and empty talking points are long gone. We're not complete fools, Meg. We can see right through it.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
ZNGA $2.52 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
HPQ $33.26 0.00%
ORCL $43.08 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs