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Technology Stocks : Compaq
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To: rupert1 who wrote (78694)2/24/2000 2:49:00 PM
From: rudedog  Read Replies (1) of 97611
 
Victor - those are some of the same points I picked up on. Capellas obviously admired Pfeiffer and came to CPQ because they "clicked". That implies to me that Capellas' programs are more likely extensions of Pfeiffer's thinking than of Rosen's... something I had not considered. His comment about his ascension to COO - "I was just formally doing what I had been doing informally before" - suggests that Pfeiffer was working to create an alternate structure, and had a senior direct report driving that - as early as summer of '98.

Also the point you make about the org changes being created by management and resisted by the BOD reinforces that notion.

I don't know the details of CPQ's governance model. but another poster pointed out that the top executives in the company serve at the pleasure of the BOD, not the CEO - perhaps Pfeiffer had less leeway in making changes in his top staff than we previously thought.

All in all a very interesting piece.
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