was a tough time for hardware manufacturers like hp. she laid off a lot of people. probably anybody who was ceo would have ended up laying off a lot of people. the big problem with what she did is she looked at a number of difficult declining or low-profit businesses and decided to expand them. she bought compaq, as donald trump pointed out. hp had a personal computer business that was not very profitable, so she went out and bought a much larger personal computer business that was also not very profitable. the theory was by becoming a bigger player they d be able to get economies of scale and make higher profits, and that turned out to be wrong. in fact they had a business that was not very impressive and was larger. and that s what she says on her top line numbers. the revenues went up, size of the company doubled. you bought this company that then was a disaster. right. and so it could have been worse. hp didn t go bankrupt. it could have gone bankrupt. but the question is w
hp was a tough time. was a tough time for hardware manufacturers like hp. she laid off a lot of people. probably anybody who was ceo would have ended up laying off a lot of people. the big problem with what she did is she looked at a number of difficult declining or low-profit businesses and decided to expand them. she bought compaq, as donald trump pointed out. hp had a personal computer business that was not very profitable so, she went out and bought a much larger personal computer business that was also not very profitable. the theory was by becoming a bigger player they d be able to get economies of scale and make higher profits and that turned out to be wrong. in fact they had a business that was not very impressive and was larger. and that s what she says on err top line numbers. the revenues went up, size of the company doubled. you bought this company that then was a disaster. right. and so it could have been worse. hp didn t go bankrupt. it could have been bankrupt.
would have ended up laying off a lot of people. the big problem with what she did is she looked at a number of difficult declining or low-profit businesses and decided to expand them. she bought compaq, as donald trump pointed out. hp had a personal computer business that was not very profitable so, she went out and bought a much larger personal computer business that was also not very profitable. the theory was by becoming a bigger player they d be able to get economies of scale and make higher profits and that turned out to be wrong. in fact they had a business that was not very impressive and was larger. and that s what she says on err top line numbers. the revenues went up, size of the company doubled. you bought this company that then was a disaster. right. and so it could have been worse. hp didn t go bankrupt. it could have been bankrupt. but the question is was she a terrible ceo or merely mediocre or bad ceo, neither of those is really a great record to run on to be presid
i m craig melvin, apple fans around the world are mourning the death of steve jobs. tributes started pouring in. outside the apple headquarters there and in japan, a special tribute, a candlelight vigil created by the ipad. a creative genius, founded apple and took a huge bite of the personal computer business. as john forte reports, his story has an unlikely beginning. steven paul jobs was born in san francisco in 1955. given up by birth parents, he was adopted by a family in the heart of silly con valley, he dropped out of college and teamed up with a friend to billed a new kind of computer, one that anybody could use.
steven moore and robert reich, labor secretary during the clinton administration. currently he s a professor of public policy at the university of california at berkeley and author of aftershock, the next economy in america s future now out in paper back. ali, what happened today? reporter: we had a situation where it s not just fear we were talking about. this was actual fact. we started this morning with slow bad markets out of europe. then before the markets opened we got this report from morgan stanley which talked about slow growth around the world, telling us things we already knew. but they said we re on the precipice of a recession. they also cited errors in policy making here in the united states and in europe, and they said it s likely that european central bank and the fed would have to get further involved in this economy. now, you know all week we ve been talking about rick perry saying it would be treasonous for the fed to get involved. while his comments ma