8.29.2011

Really great article in the WSJ on HP




I read this great article in the Wall Street Journal, I thought it was worth saving. The situation is truly sad --- but I suppose it's not as sad as a massive Tsunami or natural disaster. Point being, there are more important things in life than money.

"Let's say you were given a year to kill Hewlett-Packard. Here's how you do it:

Fire well-performing CEO Mark Hurd over expense-report irregularities and a juicy sexual-harassment claim that you admit has no merit. Fire four board members, as publicly as possible. Foment a mass exodus of key executives who actually know how to run the giant computer company.

Hire new a CEO from German competitor, SAP, which sells business software, not consumer products. Tell the new CEO, Leo Apotheker, that Mr. Hurd "left H-P in great shape."

Draw public criticism from a major corporate-governance advisory firm, alleging Mr. Apotheker filled board openings with cronies."