OT : Is HP still socially responsible ?

Seen in "La Tribune" of October 3 2005 :

Is HP still socially responsible ?



Dominique Biedermann, general manager of Ethical fund Ethos :

As long term investor, we analyze companies globally.
Today, Hewlett-PAckard must justify these layoffs because
they affect sites which mainly do profits.
Where is the coherence of such a strategy ?
Of course the IT market changes but this is not new :
HP could have invested in new activities instead of
killing so many jobs.
How can one speak of responsible developpement seeing
these conditions ?
(...)
I also think that a law should limit exercising stock
options while work force reduction plans are active
so that high managers keep their credibility by not
taking profit of the raise of the stock.

More info :

http://cftchp.blogspot.com/
http://hpwfr.blogspot.com/

 

BBC reported the huge one day strike in France. They mentioned HP
specifically when discussing job cuts as an example of large
corporations cutting jobs.