Outsourcing the C.E.O.? -- high tech rumor
The following press release has been circulating in Silicon Valley and
other high tech communities. Probably scheduled for 4/1/05 release, it's
here it time for holiday cheer.
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Subject: Outsourcing update
Hewlett-Packard (NYSE: HPQ)
News Flash: PALO ALTO. Hewlett-Packard (NYSE: HPQ) today
announced that the Office ofPresident, CEO and Chairman will be
outsourced as of December 31, the end of the fiscal year. The move is
being made to save $45 million in annual salary and benefits. Further
savings in air travel are expected to add to HP's bottom line. "At the end
of the day, the cost savings will be quite significant" says HP board
member, Executive Vice President, and CFO Rob Highwayman, who,
with the aid of HP's outsourcing arm, HP Services, has studied
outsourcing extensively. "We simply can no longer afford this inefficiency
and remain competitive in the world stage," Highwayman said. Sanji
Gurvinder Singh, 23, of Indus Teleservices, Mumbai, India, will be
assuming the Office of President, Chairman and CEO as of November 1.
He will receive a salary of $320 USD a month with proportionate
benefits. Mr. Singh will maintain his office in India andwill be working
primarily at night, due to the time difference between the US and India.
"I am excited to serve in this position," Mr. Singh stated in an exclusive
interview. "I always knew that my career at the HP call center would lead
to great things."
An HP spokesperson noted that Mr. Singh has extensive
experience inpublic speaking and has been given Ms. Fiorina's script tree
to enable him to answer any question without having to understand the
issue.Ms. Fiorina, 49, has announced that she will join the faculty of
theStanford School of Business, specializing in medieval business and the
related subject of employee motivation. No one at the Stanford School of
Business was available for comment.
The Hewlett-Packard board continues to explore other
outsourcing possibilities including HP's more than 1,200 vice
presidents. In an unrelated news item it was learned that HP was selling
five corporate jets complete with passengers thought to be board
members and HP executives. While the value of the content was not
thought to be significant it is believed that their accumulated air-miles
could be used to facilitate additional outsourcing initiatives.