Saturday, September 11, 2010

Most Inept Board in America

That's what Joe Nocera calls the board of Hewlett-Packard. He's referring to their inability to construct a deal that would have prevented Mark Hurd from signing on with a competitor. Other California companies have been able to do so. Why couldn't HP?

This is not the first time HP's board has made the news for some strange actions. A few years ago there was the 'pretexting' scandal wherein the board used nefarious techniques to try to find a leak by a board member(s). Their firing of Carly Fiorina was not a case study of how to dump the CEO.

And, then, the company has been pursued for violations of the laws of this country and others.

Hewlett and Packard must both be rolling over in their graves. HP was a quintessential American success story in ways beyond money.

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