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    10 CEOs of IT giants who were fired
    Monday, June 25, 2018 IST
    10 CEOs of IT giants who were fired

    Chip giant Intel CEO Brian Krzanich has resigned after an investigation found that he had a consensual relationship with an employee in breach of the company's policy. The CEO of one of the world's largest chipmaker is the latest in a line of men/women in the business world who have lost their their jobs or had to resign. While some of these 'firings' are related to the company's performance, others are triggered by power struggle in the organisation. There are also some, like in Krzanich's case, that are a result of relationships viewed as inappropriate. 
     
    Here's a list of tech CEOs who had to lose their job due to one of the above reasons.
     
     

     
     

    Steve Jobs, co-founder, Apple: After power struggle with board
     
     
    Apple co-founder and CEO Steve Jobs was fired from the very company he founded. The legendary late Apple CEO started Apple in 1976 when he was just 21. He was publicly outsted some nine years later after a power struggle with then CEO John Sculley, whom Jobs hired from Pepsi. The Apple Board side with Sculley and removed Jobs. "I was out -- and very publicly out," Jobs recalled during his famous commencement speech at Stanford University. He added, "What had been the focus of my entire adult life was gone, and it was devastating."
     
    Phaneesh Murthy as CEO iGate: Over sexual harrasment charges
     
     
    IT company iGate sacked president and CEO Phaneesh Murthy for "violating" company policy by failing to report a "relationship" with a fellow employee in the year 2013. The employee Araceli Roiz claimed of sexual harassment. An investigation by outside legal counsel found Murthy guilty. In a statement the company's board from its headquarters at Fremont, California, said that the employee had also filed a complaint alleging "sexual harassment". Murthy also had faced a similar charge at Infosys.
     
    Mark Hurd, CEO, HP: Sexual harassment charges
     
     
    HP CEO Mark Hurd was asked to step down in August 2010 after sexual harassment charges were made against him by an outside contractor Jodie Fisher. Hurd's sudden departure cost HP billions of dollars in lost stock value. The company also had to face multiple lawsuits as Hurd had successfully steered HP's turnaround after the departure of Carly Fiorina. An internal HP inquire, however, cleared Hurd of harassment but it found him guilty of filing inaccurate expense reports.
     
    Girish Paranjpe and Suresh Vaswani, Wipro: On alleged 'performance grounds'
     
     
    In January 2011, Wipro's joint CEOs Girish Paranjpe and Suresh Vaswani resigned, making way for TK Kurien as the CEO of the company's IT business. The duo are said to have resigned after the company failed to meet analysts estimates in third quarter of FY2010-11. Wipro chairman Azim Premji had promoted Paranjpe and Vaswani less than three years ago to lead Wipro through the global financial crisis. Though Wipro claimed that the duo left the organisation citing personal reasons, there were not many who believed it as just few days before the resignations Premji had publicly expressed his displeasure over the company's performance in the IT services vertical.
     
    Sehat Sutardja and Weili Dai, Marvell Technology: Work culture and other management issues
     
     
    Chipmaker Marvell Technology Group's CEO and president, a husband-wife duo who co-founded the company, were dismissed in April 2016. The two were asked to go after an audit-committee probe reportedly found that the management had put significant pressure on sales teams to meet targets. The committee also raised questions about a patent that Sutardja had initially claimed as his. He, however, later passed it onto the company.
     
    Carol Bartz, CEO, Yahoo: On 'performance grounds'
     
     
    Yahoo Inc chairman Roy Bostock fired CEO Carol Bartz in September 2011. Bartz was reportedly given the order on phone. The exit ended a tumultuous tenure marked by stagnation and a rift with Chinese partner Alibaba. Bartz said in a two-sentence email to employees, "I am very sad to tell you that I've just been fired over the phone by Yahoo's chairman of the Board. It has been my pleasure to work with all of you and I wish you only the best going forward."
     

     

     
     

    Leo Apotheker, CEO, HP (or Hewlett Packard): After 'dismal' quarters
     
     
    In September 2011, HP board fired CEO Leo Apotheker just 11 months after he had joined. He was replaced by HP director and former eBay Inc CEO Meg Whitman. HP cut its financial outlook three times during Apotheker's tenure.
     
    Peter Chou, CEO, HTC: After 'poor' sales of flagship phones
     
     
    Almost after a decade at HTC, Peter Chou was suddenly ousted from his post as CEO in March 2015. Chou was removed after company's smartphones failed to strike a cord with the buyers as well as get some dissapointing reviews.
     
    Gianfranco Lanci, Acer: Over disagreement with board over strategy
     
     
    Taiwanese computer maker Acer's CEO Gianfranco Lanci resigned in April 2011 following differences with the company's board. Lanci, who had been CEO of Acer since the year 2008 is said to have disagreed with the company's board over Acer's strategy. "On the company's future development, Lanci held different views from a majority of the board members and could not reach a consensus following several months' of dialogue," said an official statement from Acer. Lanci was among the few foreigners at the top position in Taiwan's technology industry. A long-time executive at Texas Instruments Inc, he joined Acer in 1997 when the company bought TI's portable-PC business and was promoted to head Acer's European operations in 2000. He took over as CEO in 2004 and oversaw Acer's acquisition of US-based computer company Gateway in 2007.
     

     
     
     
     
     

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       Prashnavali

      Thought of the Day

    “Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.”
    Thomas Edison

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    Shibu Chandran
    2 hours ago

    Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

    November 28, 2016 05:00 IST
    Shibu Chandran
    2 hours ago

    Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

    November 28, 2016 05:00 IST
    Shibu Chandran
    2 hours ago

    Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

    November 28, 2016 05:00 IST
    Shibu Chandran
    2 hours ago

    Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

    November 28, 2016 05:00 IST


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