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* Posts by ManOnTheHill

2 posts • joined 27 Feb 2013

HP shareholders advised to give chairman Ray Lane the boot

ManOnTheHill
Holmes

ManOnTheHill

My vote will be get rid of the lot of them. But it would be nice to see this lead to something like reform in the way the board works - maybe a non-executive employee member of the board? Or two?

Wait, that can't work, none of those HP employees are smart enough to understand how the board (and executives!) are protecting shareholder value by buying 11 billion dollar companies that are worth 3 billion.... Or was it reducing the value of an 11 billion dollar company to 3 billion through mismanagement in a year and a half? I can't figure out which one really happened!

Idiots. Not much the board did made sense while I was an HP employee and nothing they're doing now makes sense.

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HP shareholders bay for blood in $19 BEELLION writedown aftermath

ManOnTheHill

Re: Symptomatic of a bigger problem

Let's not forget that Meg was part of the board that approved the Autonomy acquisition, so she's got blood on her hands too. Seems only right to me that all of the board and upper management that had any approval say in the acquisition of these companys should pay the price for their failures - after all, they were more than ready to revel in how wonderful they were if they had been successful (and take more than their share of the profits from that success).

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