Re: No-one gets away scott free
While I agree with your assessment, who on the board would realistically have pulled that trigger? Firing a brand new CEO with clearly no planned replacement strategy would have only doubled down on the share nosedive, and then the firer has then just committed the same offence as the firee.
I'll say a name here, and you'll know what I'm talking about.
While HP might not be swimming in the McDuck Moneybin's worth of $$$, the decision to axe Leo after his stupid gaffé is probably the reason we still have an HP vs. having it go down the acquisition route which befell good old companies like DEC, Tandem, or Sun Microsystems. See the difference:
- Elop sends the Burning Platforms memo and kills pretty much Nokia's value overnight. Board keeps him. Nokia Mobile is no more, now Borged by Microsoft and the way things are going, that's where it will die.
- Leo sends the Burning PCs memo, causing an instant 25% drop in HP shares. The board axes him about 1 month after this stupid, stupid move and backtracks on it. HP is still alive.