Tech: Blame HP’s incompetent board for its recent CEO troubles
- These guys are a bunch of clowns, surpassed in incompetence only by Yahoo’s board.
- Ironfire Capital managing member Eric Jackson • Expressing frustration with the Hewlett-Packard board, which reportedly leaked the news of Leo Apotheker’s ousting, and subsequent replacement with former eBay CEO Meg Whitman, hours before the announcement was to be made. Not that Jackson is a big fan of Apotheker or anything. “Apotheker is the worst CEO hire in the last decade,” he says. But the problem is the process that led to his hiring — some messy rumors and an internal investigation led to the board dumping a pretty good CEO, Mark Hurd, and hiring Apotheker without even meeting him — meant that he turned out to be a horrible fit. Whitman at least has a shot at being good at this CEO thing, but the board sounds like the real problem. source