"I am honored and excited to lead HP. I believe HP matters - it matters to Silicon Valley, California, the country and the world."
Is it me or is that comment just a bit self-aggrandizing? Either way, the bottom line (in my opinion) is that Whitman is going to want to do things her way -- even if she has no idea what she's doing. And that's going to spell more trouble for HP, maybe the kind of trouble from which the company won't recover.
HP's conducting a conference call Thursday afternoon to discuss the changes. We'll see what nonsense emanates from it.
Meanwhile, Wall Street's initial reaction isn't exactly joy. Shares of HP (NYSE: HPQ) were down 20 cents, or 0.9%, to 22.80, in after-hours trading, but HP's stock already had fallen nearly 5% in Thursday's regular session as part of a widespread market selloff.