The founders, known to friends and employees alike as Bill and Dave, developed a unique management style that has come to be known as the HP Way. In Bill's words, the HP Way is "a core ideology ... [which] includes a deep respect for the individual, a dedication to affordable quality and reliability, a commitment to community responsibility, and a view that the company exists to make technical contributions for the advancement and welfare of humanity."[29]
In recent years, and especially under current CEO Mark Hurd, it is widely accepted that the "HP Way" has vanished, never to return. The company has made numerous decisions which de-emphasize the importance and contribution of the average employee, made numerous cuts to benefits, eliminated retirement and retiree health benefits, and made raises a rarity.
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