Succumbing to pressure to shake up the board of directors of HP, chairman Ray Lane is stepping down from running the board. However, he said in a statement, he will remain on the HP board – even if he doesn't run it. Lane, a former hotshot at software giant Oracle and a managing partner at venture capitalist Kleiner Perkins …
I will continue to serve HP as a director
and help finish the job until my shares vest.
55% is not a high enough proportion to indicate confidence.
Are you listening Uhuru Kenyatta? David Cameron? François Hollande? Angela Merkel?
(Tony Bliar, John Major...
This is different from a democratic election where the electorate can choose from a selection of candidates.
This is much more like the 'elections' held in dictatorships; there were only single candidates for each directorship. In these circumstances 55% is actually pretty bad.
"rightful place at the pinnacle of global business"
HP .... the once and future king. Any continuity between Hewlett-Packard company and HP? Hmmm.
I seem to recall this "turnaround" word being predominate in most management-speak announcements since I was ingested by HP over 12 years ago. Still waiting for it to happen.
A long fall
HP is a textbook example of empty suits destroying a once great company.
G Kennedy Thompson, formerly CEO and chairman of financial services giant Wachovia
I believe you mean "formerly CEO and chairman of former financial services giant Wachovia, destroyed when Thompson vastly overpaid for GoldenWest shortly before the 2008 financial crash".
But no one would make that mistake twice.