‘The Worst Board In The History Of Business.’
HP is surprisingly resilient in the teeth of a relentless boardroom barrage on the company’s effectiveness.
CEO Carly Fiorina fired 18,000 people, bought Compaq when the PC business was well into its commoditisation stage, and was sacked.
HP’s late Chairwoman Patricia Dunn was sacked for employing private detectives to spy on board members.
Dunn appointed Mark Hurd as CEO who fired thousands and was then sacked for sexual malpractice.
Leo Apotheker came in and bought the software company Autonomy for $10bn, launched a disastrous tablet, and was sacked.
Now Meg Whitman, the CEO of HP who was formerly CEO of eBay and an unsuccessful contestant for the Governorship of California, says she’ll sack 27,000 employees.
No wonder that, Tom Perkins, co-founder of Silicon Valley’s top VC firm Kleiner Perkins Caufield and Byers and a long-time board member of HP, said last year that the HP board was: “The worst board in the history of business.”