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The board is not suppose to run the company. The "board" represents the shareholders (usually), overseas the CEO and sometimes runs PR. The CEO (and his exec's)
by crag 15y ago
The board is not suppose to run the company. The "board" represents the shareholders (usually), overseas the CEO and sometimes runs PR. The CEO (and his exec's) are suppose to run the company.
Now usually there's a nice co-existence between the board and it's top execs since both depend on each other.
In HP's case the board IS trying to run the company. And worse, it's not supporting it's chosen CEO. Big mistake.
There's a lot of value in HP. Which is why after all the stupid shit the board has done the company is still alive.
We'll see if Whitman can cut through the board and get it all right. She has to pretty much force out those board members who aren't behind her. Not easy to do in any envionment.
- VladRussian 15y ago>She has to pretty much force out those board members who aren't behind her. Not easy to do in any envionment. well, she managed to force out the previous, just recently hired, CEO. Seems like she has already excelled at the politics of this board.