As he often does, Hurd said that while the company has cut costs considerably, there is still more work to be done.
"We will take out more overhead costs in 2007, '8 and '9 than we did in 2005 and 2006," Hurd told reporters on a conference call. "We're doing better but we can do better than we're doing today."
HP announced major job cuts and a restructuring in 2005, not long after Hurd took the helm. "There was a perception that it was a one-time thing," he said in the interview. "We're looking at this on a more dynamic basis."
HP announced Thursday that it had hired Joel Hyatt and John Joyce, increasing the board's size to 10 members.
Hyatt will serve on two of the board's committees - finance and investment, and human resources and compensation. Joyce will serve on the audit and technology committees, Friday's SEC filing said.
Joyce, a managing director at Silver Lake, spent two decades at IBM and Hyatt co-founded Current Media with former U.S. Vice President Al Gore.
The directors' annual retainers is equal to that paid to all Hewlett-Packard non-employee directors : they will each get annual equity retainers of $150,000 and cash retainers of $50,000, according to a Securities and Exchange Commission filing Friday.
"While we still have considerable work ahead of us, I am confident we can continue to execute with discipline and deliver strong financial returns."
CONTINUOUS COST-CUTTING
RépondreSupprimerAs he often does, Hurd said that while the company has cut costs considerably, there is still more work to be done.
"We will take out more overhead costs in 2007, '8 and '9 than we did in 2005 and 2006," Hurd told reporters on a conference call. "We're doing better but we can do better than we're doing today."
HP announced major job cuts and a restructuring in 2005, not long after Hurd took the helm. "There was a perception that it was a one-time thing," he said in the interview. "We're looking at this on a more dynamic basis."
HP announced Thursday that it had hired Joel Hyatt and John Joyce, increasing the board's size to 10 members.
RépondreSupprimerHyatt will serve on two of the board's committees - finance and investment, and human resources and compensation. Joyce will serve on the audit and technology committees, Friday's SEC filing said.
Joyce, a managing director at Silver Lake, spent two decades at IBM and Hyatt co-founded Current Media with former U.S. Vice President Al Gore.
The directors' annual retainers is equal to that paid to all Hewlett-Packard non-employee directors :
they will each get annual equity retainers of $150,000 and cash retainers of $50,000, according to a Securities and Exchange Commission filing Friday.