Perhaps activist shareholders at Hewlett-Packard (NYSE:HPQ) should agitate for a shareholder vote on whether the board of directors ought to be legally compelled to change its name to "The Gang That Couldn't Shoot Straight." For years now this company has been wracked with poor decisions in and out of the boardroom and the company's latest attempt to address what ails it seems like a long shot at best.
Out With the Old
There had been rumblings that now-former CEO Leo Apotheker was on thin ice at Hewlett-Packard, and those rumors came to a head Thursday night with the announcement that he was leaving the company. While the press release makes it sound as though Apotheker resigned, the phrasing and the broader context of the rumor mill make it pretty clear that this was a "jump, or we push" sort of situation.
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