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Mercurynews.comSAN FRANCISCO (AP) - Carly Fiorina's nearly six-year reign at Hewlett-Packard Co. ended abruptly Wednesday as board members forced her out, disappointed by her inability to transform a plodding technology giant dominated by printer sales into a more nimble innovator.
HP's stock, which has gone nowhere for two years and is down two-thirds from its peak in 2000, rose almost 7 percent after earlier soaring almost 11 percent on the news of her ouster.
Board members said they fired the chief executive -- perhaps corporate America's most influential woman -- because Fiorina failed to slash costs and boost revenue as quickly as directors had hoped.
``While I regret the board and I have differences about how to execute HP's strategy, I respect their decision,'' said Fiorina, 50, who is expected to collect a severance package worth $21.1 million.
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nice severance package! you could buy 70,000 iPaqs with that
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