Thursday, September 22, 2011

HP Is Looking For A New CEO Again

HP is looking for a new CEO. It plans to fire the CEO it hired less than one year ago because his strategy appears to be too radical. He was hired without being interviewed by the HP Board. He replaced a CEO who was sacked because of a personal relationship that he had with an employee that led to abuse of his expense reports. He had replaced a CEO who made acquisitions that created dissension on the Board.

The leading candidate for assuming the leadership of HP is Meg Whitman who headed up E-Bay and is currently a member of the Board. She ran for the California governorship by running a disastrous campaign that cost her a large portion of her billion dollar net worth. Many are concerned that she would be a bad choice for HP.

It appears that HP's Board is not any better than our political system in selecting leaders that are not afflicted with narcissism.

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