H-P (HPQ) chairman Ray Lane steps down. Director/activist investor Ralph Whitworth will serve as...

H-P (HPQ) chairman Ray Lane steps down. Director/activist investor Ralph Whitworth will serve as interim chairman while the company looks for a permanent replacement. Lane had come under fire in recent weeks from H-P investors and shareholder advisory firm ISS, but had been re-elected at last month's shareholder meeting. Update: Though stepping down as chairman, Lane remains a director. But John Hammergren and G. Kennedy Thompson are resigning from the board.
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Comments (5)
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
    Maybe they should replace (and reduce) the entire board. Board members could also forego their compensation and prove their worth.
    4 Apr 2013, 04:45 PM Reply Like
  • deercreekvols
    , contributor
    Comments (9513) | Send Message
    When CEO Whitman resigns or is fired, then you have turn-around potential at H-P.
    4 Apr 2013, 04:57 PM Reply Like
  • twist54
    , contributor
    Comments (213) | Send Message
    4 Apr 2013, 05:42 PM Reply Like
  • The_Varka
    , contributor
    Comments (5) | Send Message
    Look at the hp web site................, it became a online shop, maybe an ebay view of the tech giant that was HP 5 year ago.
    When you are always wrong, it could take years and years but you will disappear.
    I will say one thing here, the market is not interested on WHAT you are doing, it is WHY are you doing this, look at companies giving a WHY response to the market (Google, amazon, etc....).


    Unfortunately for HP, today the question could be WHY buying an HP product, (concept, vision, ideas, trends, future), please help me to find any good reason to buy it, from my point of view all of them are replaceable.
    Last but not least, a word on the "Itanic", during the fusion Compaq-HP, decision makers decided to suppress one of their processor technology, at this time a certain Carly Fiorina was CEO.
    When you are not able to manage and understand the why and what, you always take bad decision, that the overall reason of the HP disaster today, imagine a street baker that has to lead a IT tech giant that own thousands of patent.
    So they decided to keep titanium intel techno based on EPIC....sorry i'm laughing, in front of RISC full 64 bits internal well know technology (PA-RISC and Alpha).
    To be understood correctly it was a 30$ billion market.
    And they failed but how can it be different??? intel has to support HP decision and money investment from HP to develop long term itanium processor (only HP used this…..).
    Imagine one second that it is not a baker decision, you continue and support RISC processor type investment on your own, you maintain your R&D you continue low power development processor, and every emerging technology, AND you’re able to fight face to face with another giant called IBM. You will leverage new market certainly, if I’m not wrong (playstation, xbox, Wii) are all using IBM processor techno, all mobile phone and tablets are risc device but that just today, in 15 years all device will contain an asic and maybe a nano asic.
    5 Apr 2013, 06:19 AM Reply Like
  • The_Varka
    , contributor
    Comments (5) | Send Message
    Still thinking the same thing, but now the numbers are really down, And the poor Meg with its 57 years old,(she was 25 in 1982), will never ever fix that issue.
    37% down on the enterprise, how can it be different ?
    She will play musical chair with people that don't understand a word of the issue and only live in front of excel sheet screen.
    Good Luck HP.
    22 Aug 2013, 03:56 PM Reply Like
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