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The board should fire themselves.
by gamble 15y ago
The board should fire themselves.
- raganwald 15y agoAnd not just for past incompetence. Let’s say their super-smooth CEO headhunter flies into Toronto and takes me to breakfast. “What the board wants,” he will say, shooting his cuffs, “is a visionary who will have the courage to take strong action.” “I see,” I will murmur, swirling the dregs of espresso around the bottom of my cup, eying the way the perfect crema lines the exquisite porcelain. “And am I to understand that if my ‘vision’ doesn’t meet with immediate public acclaim or if I can’t restructure the future of the company AND hit immediate sales targets, you’ll be having breakfast with someone else?” How is this board going to hire anyone capable of making bets if they fire Leo before his bets could pay off? Who would want a job working for people like this? If they didn’t like his moves, they should have exercised governance and let him know what he could and couldn’t do. If they were doing their jobs and they let him make these kinds of moves, they should support him and not throw him under a bus.
- alexqgb 15y agoThey won't. Instead, they'll call Meg Whitman.
- jrockway 15y agoWho would want a job working for people like this? How much does it pay? Assuming you are guaranteed a year's salary and that that salary is in the $millions range, it doesn't seem like a total waste of time. I volunteer myself for this job.
- PakG1 15y agohttp://www.businessinsider.com/soon-to-be-canned-hp-ceo-apotheker-will-get-94-million-for-his-lousy-year-of-work-2011-9 http://www.businessinsider.com/soon-to-be-canned-hp-ceo-apot...