
36 segments available
"You have to be known for high integrity – doing what you say, saying what you mean," emphasized HP Chairman, President, & CEO Meg Whitman. During her View From The Top talk at Stanford GSB on April 6, 2015, Whitman shared leadership lessons and offered career advice. Read more takeaways: http://stanford.io/1y8McHC
Meg Whitman reflects on her professional journey and the significant decision to become CEO of HP. She discusses the challenges HP faced at the time, including a drastic drop in stock prices and leadership instability, setting the stage for her leadership philosophy.
"[Music] Meg thank you for being here today yeah happy to be yeah I'm delighted at the chance to have this conversation um I have a few questions here on your professional Journey your leadership philo..."
After losing a political race, Meg Whitman shares her transition from politics to technology. She recounts how a call from Mark Andre led her to join the HP board, ultimately persuading her to take on the CEO role amidst significant challenges.
"the big decision that you made was to become the CEO of HP um this was not an easy job in fact this is what F's magazine had to say about it Meg stepped into a mess HP stock had tumbled 42% in the yea..."
Whitman emphasizes the global significance of HP as a corporate citizen, highlighting its role as a major employer in various countries. She expresses her desire to contribute to HP's revival and its importance to Silicon Valley and beyond.
"that's a good question so um I as uh as gu had had mentioned I um had lost the race for governor and um one of the things that's interesting when you lose a political race unlike anything else you do ..."
Meg discusses the advantages she had stepping into the CEO role at HP, particularly her prior experience as a CEO. She reflects on how this experience helped her navigate the complexities of leading a struggling company.
"is really not good and like as if on Q the next day Mark Andre called to see if I'd like to sit on the board of HP and I thought fabulous this is great what what could go wrong 12 minutes from my hous..."
Whitman shares her leadership strategy of identifying what HP was doing right rather than focusing solely on problems. She emphasizes the importance of recognizing the company's strengths and building on them to foster a positive culture.
"we're the second largest private employer in Costa Rica I think we're the third largest um private employer in the Czech Republic so it matters what happens to this company and I thought you know what..."
In this segment, Meg highlights the core values of HP, including innovation and collaboration. She discusses the company's engineering roots and the importance of social responsibility, which were integral to HP's identity.
"my first rodeo and you've spoken about understanding what is going on right within an organization as you join it yes what was going right at HP what had to be fixed so I think this is a very good les..."
Whitman outlines the challenges she faced upon taking the helm at HP, including winning over a skeptical workforce and aligning the company's cost structure with its revenue trajectory. She emphasizes the need for innovation and talent attraction.
"the board drama everything that had happened to this company the founder DNA from Bill H and Dave Packard had shown through and first of all it's an engineering Innovation company that's who this comp..."
Meg discusses the complexities of leading HP, particularly the need to engage the 'frozen middle' of the organization. She explains her approach to fostering alignment and enthusiasm among employees during a time of significant change.
"fixed so there were a number of things that had to be fixed first of all um we had to win hearts and minds of HP people because you mentioned it four CEOs in the previous five years or six years um an..."
Whitman reflects on the strategic decisions made during her tenure, including the separation of HP into two Fortune 50 companies. She discusses the courage required to make such decisions and the anticipated benefits for both entities.
"without making a pretty significant change to the fundamental cost structure of the company and then third is we weren't keeping up with Innovation and so we had to actually Focus Innovation get HP la..."
Meg shares her initial skepticism about joining eBay and how a meeting with its founders changed her perspective. She highlights the transformative potential of eBay in connecting people and creating new market efficiencies.
"write down the autonomy situation um you know there was like hundred sort of relatively I would say neither of those were minor problems but they were sort of tactical problems that had to be dealt wi..."
In this segment, Whitman offers advice for leaders transitioning from non-technology backgrounds into tech roles. She emphasizes that core business principles remain consistent across industries, while also highlighting the need for technological understanding.
"I needed to learn what we did I needed to get my arms around this vast company and so I tried a number of things first is you know assembled a sort of a group of people who I thought could help then I..."
Meg Whitman discusses how eBay transformed the marketplace by enabling collectors to connect and trade across distances, creating a more efficient market. She highlights the emotional connections formed through shared interests, positioning eBay as a pioneer in social networking. This segment emphasizes the importance of innovation in technology and its impact on consumer behavior.
"something you could not do before um in a real and meaningful way so in my Proctor and Gamble days whiter white you know fresher breath cleaner teeth in a meaningful way but what I saw at eBay was it ..."
Whitman shares insights for those transitioning into technology leadership roles from non-technical backgrounds. She stresses the importance of understanding core business principles and surrounding oneself with technologists to navigate the tech landscape effectively. This segment provides valuable advice for aspiring leaders in technology, emphasizing the need for curiosity and collaboration.
"products and services a lot of us in the audience are moving from sort of non-technology backgrounds into leadership positions in technology not unlike have you perhaps V into eBay um with not a lot o..."
In this segment, Whitman recounts a pivotal moment in her early career at eBay, illustrating the necessity of asking questions and pushing back against established norms. She emphasizes that leaders must not shy away from challenging conversations and must be authentic in their roles. This story highlights the courage required in leadership and the importance of clear communication.
"I I'll tell you a little story so there was the CI the CTO at eBay a really very talented guy named Mike Wilson who had written the second version of eBay who was Skippy on the boards that night was s..."
Whitman reflects on her career choices and the evolution of business education since her graduation. She contrasts the startup culture of today with her own experiences, emphasizing the value of foundational training in reputable companies. This segment offers insights into career planning and the importance of adaptability in a changing job market.
"Founder technologist who is actually helping sort of move this company into into a new area great um leading up to eBay was grad school PMG Bon company Disney in Hasbro um as we think about our first ..."
Whitman discusses her leadership philosophy, emphasizing the importance of courage and risk-taking. She shares personal anecdotes from her upbringing that shaped her approach to leadership, including the influence of her mother and experiences in team sports. This segment underscores the character traits essential for effective leadership in business.
"frankly at HP because we had to figure out what our strategy was so you know I think you have to sort of live in the times in which you graduate it's a very different environment than it was and you k..."
In this segment, Whitman reflects on her foray into politics, discussing the challenges she faced as a Republican in a predominantly Democratic state. She shares valuable lessons learned from her campaign experience, including the importance of political instincts and the nuances of voter dynamics. This candid reflection provides insights into the intersection of business and politics.
"arrived in real numbers and uh but real numbers is a relative thing my first year class at Proctor and Gamble had a hundred brand assistants of which four were women and um so my mother I think was ve..."
Whitman highlights the challenges of running for political office, describing it as the hardest thing she has ever done. She emphasizes the courage it takes to put one's name on the ballot and the importance of recognizing the sacrifices made by those who choose to run for office.
"thick skin for um the Press you know when I came to HP this is a great story there was a fair amount of criticism about me coming to HP in fact um there was one headline that I remember which is Silic..."
In this segment, Meg Whitman reflects on her approach to building a personal brand throughout her career. She discusses the importance of authenticity and doing the best job possible, even in seemingly trivial tasks, as a foundation for her professional identity.
"your name on the ballot you can't actually imagine it until you do it so a lot a lot of really really good learnings thank you um and stepping back a bit uh how did you think about building a personal..."
Whitman shares her experiences balancing two successful careers with her husband, a neurosurgeon. She discusses the challenges of making career decisions together and the trade-offs they faced while raising their children, emphasizing the importance of flexibility and support in a dual-career household.
"particularly early on in your career even though it seems idiotic and what was really going on here is PNG was trying to teach us how to get things done at PNG right they did actually know the answer ..."
In this candid discussion, Meg Whitman addresses the trade-offs involved in managing a career and family life. She reflects on the impossibility of being perfect in all roles and the decisions she made to prioritize her job and family over other commitments.
"thanks I have a more personal question for you you were married to a very successful neurosurgeon uh you moved to Boston with your husband when he accepted the position at Massachusetts General uh lat..."
Whitman talks about the importance of adaptability in her career and family life. She recounts how she and her husband navigated job changes and the unpredictability of their careers, emphasizing the need for courage and the ability to embrace new opportunities.
"see if you can find a job so he called up um two the good news is there's only 3,000 neurosurgeons in the whole country so they actually know each other so he called up Gary Steinberg who runs neurosu..."
In this segment, Meg Whitman discusses the ongoing challenge of finding balance in her life as a CEO and mother. She shares insights on prioritizing family time and the importance of making conscious decisions about where to invest time and energy.
"and we just traded off and you know you can't ever look back and say would have could have should have you know you just kind of go um and you always have to remember this is a question we ask each ot..."
Whitman addresses the challenges women face in leadership roles, particularly in politics compared to business. She acknowledges the accomplishments of women like Hillary Clinton and discusses the measurable results in business versus the complexities of political success.
"to kind of figure it out as you go along so it's hard it's hard but great fun this would be a good time to open up the floor to questions uh from the audience in Twitter we have two mics um Ryan on th..."
Whitman elaborates on the significance of measurable results in business, contrasting it with the political landscape where outcomes are less defined. She explains how business leaders are evaluated based on clear metrics, which can empower women and minorities in the corporate world, while acknowledging the difficulties faced by women in politics.
"office um I would say woman running for political office it is very very difficult um and I'll I'll tell you why um and I as you know I'm a republican but I have to I happen to actually have a lot of ..."
Reflecting on her time at eBay, Meg Whitman recounts the challenges faced in Japan and China, particularly the technological issues that delayed their market entry. She emphasizes the importance of addressing technology problems swiftly to capitalize on market opportunities and discusses the competitive landscape with Alibaba.
"remarkable job whether it's you know members of Congress here like you know zo lran or or others they've really done a great job take a question there hi this is Sam from MSX program uh if you had cha..."
Whitman discusses the strategic missteps eBay made in China, particularly the decision to integrate a local platform into the global eBay system. She reflects on how this decision hindered their ability to compete effectively against Alibaba, which had a uniquely tailored approach to the Chinese market.
"what's called Network effects that the more buyers you have the more sellers you have and so the First Market often gets those Network effects and yaho beat us to Japan because we had technology issue..."
In this segment, Meg Whitman outlines her strategy for revitalizing HP by focusing on innovation and increasing R&D spending. She discusses the importance of aligning financial incentives with the company's strategic goals and how this approach has led to significant improvements in cash flow and market performance.
"the global eBay platform because it had worked everywhere it had worked in Western Europe it had worked all over we' bought all these baby ebays and basically migrated them to one common platform whic..."
Whitman explains the need to reboot HP's culture while preserving its foundational values. She describes how they redefined the 'HP Way' to foster innovation and align employee incentives with the company's strategic objectives, ultimately leading to a turnaround in the company's performance.
"remarkable job Ryan do we have a question hi uh when you spoke about uh turning things around at HP you spoke about returning to the founders DNA and focusing on Innovation what changes did you make t..."
Whitman discusses the positive feedback loop created by improving results at HP. She explains how better financial performance boosts confidence among customers, employees, and investors, leading to increased sales and further growth, which is reflected in the company's stock price.
"incentives to the strategy as it turns out and you all know this but particularly at big companies people actually focus on what they're being paid to do and you can wish it wasn't that way you can wi..."
In this segment, Meg Whitman introduces HP's Pathfinder program aimed at fostering collaboration with startups. She discusses the importance of building relationships with the venture community and how HP can leverage its extensive market reach to support innovative startups in the technology sector.
"different challenge which is foreign exchange which is a problem that every other big American company has not just in our industry but you've just got to focus on um what are the most important thing..."
Whitman reflects on the challenges of leading a turnaround at HP, emphasizing the need for focus and prioritization. She shares insights on how to effectively tap into the startup ecosystem while maintaining a clear strategy to ensure the company's long-term success.
"with HP effectively so we've just launched a program that we call Pathfinder which is how do we reach out into the valley to find the new startups that are complimentary to what where either HP Inc is..."
Whitman explains the concept of symbolic value in leadership, using examples from her experience at HP and political figures. She highlights how small, symbolic actions can communicate a commitment to change and foster trust within an organization, reinforcing the importance of visible leadership.
"very good question um so listen I think how you win hearts in minds and how you become a trusted colleague is the same when you're the CEO as when you're a new person and that is do what you say you'r..."
Discussing the significance of early wins in a turnaround situation, Whitman shares her experiences with integrating PayPal into eBay and how early successes can build momentum and morale. She emphasizes the need for quick wins to demonstrate value and foster a positive culture within newly acquired teams.
"have said Jerry Brown is on this cost thing he is taking cell phones away from the civil servants one could argue he should have unplugged the landlines but doesn't matter the point was he had a lot o..."
Whitman reflects on the importance of family and perspective in leadership. She shares a personal story to illustrate how maintaining perspective can help leaders navigate challenges, emphasizing that while business is important, personal relationships and integrity should always come first.
"sort of say hey here's the kind of company that we want to be and uh celebrating some of the early Innovation one of my uh Executives when I got there had actually gone out to HP labs and said what do..."
In this concluding segment, Whitman underscores the critical role of integrity in leadership. She discusses how being known for high integrity and doing what you say is essential for building trust and respect, regardless of cultural differences. This principle serves as a guiding question for decision-making in any organization.
"that's what matters most I'll say the other thing is perspective and this has been one of the Delights of being married to a neurosurgeon okay what we do in business is important it's incredibly impor..."