The HP Way out
The Economist - almost 5 years
WHEN news broke earlier this year that its rival Dell was considering going private, Hewlett-Packard (HP), the world’s largest personal-computer (PC) maker, tried to profit from the situation. Dell customers would be facing a prolonged period of uncertainty, it told anybody who wanted to hear it. Better buy from HP instead, the unsubtle message was. Now that taunt has come back to haunt HP. On April 4th the firm’s shareholders and customers were treated to yet more ructions at the pinnacle of the company when the firm announced that Ray Lane, its chairman, would stand down from the post immediately (though he will remain a director) and that two other board members, John Hammergren and G. Kennedy Thompson, would be leaving in May. The changes are the latest in a spate of upheavals in HP’s boardroom that have led to frequent criticism of the way the tech firm has been governed. In 2006 Patricia Dunn, HP’s then chairman, resigned after a scandal that involved an investigation into ...
Article Link: The Economist article