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Rickych

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Rickych

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Thursday, 09/22/2011 5:03:41 PM

Thursday, September 22, 2011 5:03:41 PM

Post# of 157003
Evidently they dont know GOIGs CEO



NEW YORK (CNNMoney) -- The process of firing a CEO is always full of drama -- just ask Yahoo. But Hewlett-Packard's board has taken it to a new level.
It's all but certain that members of HP's (HPQ, Fortune 500) own board leaked the big news -- that they were planning to oust CEO Léo Apotheker -- to media outlets including Fortune on Wednesday.

The leak hit before HP finally made an official announcement on Thursday, saying it had replaced Apotheker with former eBay (EBAY, Fortune 500) head Meg Whitman. The surreal spectacle raised the bar for boardroom dysfunction.
"These guys are a bunch of clowns, surpassed in incompetence only by Yahoo's board," Eric Jackson, managing member of Ironfire Capital, wrote in a Wednesday in a screed titled "HP's Board of Directors Is Pathetic."

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