Board therapy

18 November 2011 By Robert Cyran Follow @rob_cyran

The flailing tech giant has paid too much for targets, skimped on R&D, and flip-flopped on leadership and strategy. Its spectacularly dysfunctional board should shoulder much of the blame and needs an overhaul. Appointing heavyweight activist Ralph Whitworth is a belated start.

This content is for Subscribers only

Context News

Hewlett-Packard said on Nov. 17 it has appointed Ralph Whitworth of Relational Investors to the company’s board of directors, expanding the number of seats by one to 14. The activist investor will serve on two committees, the Finance and Investment Committee and the Human Resources and Compensation Committee.
HP appointed Meg Whitman as president and chief executive on Sept. 22. The former eBay CEO was appointed to HP’s board of directors earlier this year. She replaced Leo Apotheker, who stepped down. HP’s previous two CEOs, Carly Fiorina and Mark Hurd, were ousted by the company’s board.

Email a friend

Please complete the form below.

Required fields *