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Job cuts 'good for Hewlett-Packard,' says CEO

Axe In Tree Stump

Hewlett-Packard's plans to cut up to 16,000 workers is a way of reducing inefficiencies that stem from years-old mergers and acquisitions, making the software giant "more efficient and effective," CEO Meg Whitman told CNBC on Friday.



Box Hedge

The second coming of Steven Cohen

Conceived as an emergency exit strategy and incubated under intense pressure, Steve Cohen's second corporate incarnation has developed into a childhood prodigy.