Monday, October 3, 2011

How Confident are HP's Board of their Decisions?

I guess they’re not.

It seems that they’ve hired Goldman Sachs to help defend against ‘activist’ shareholders.

Activist shareholders!?

You mean the guys that actually own the company and hire the Board to run the company in an intelligent and farsighted manner? You mean the guys that own the shares that want to see the board increase the shareholder value?

Oh. Okay.

Just so we’re clear because it sounds a lot like protecting your ass because that loud noise the board is hearing is the sound of pissed off investors who don’t necessarily see the genius in your strategy and would like to fire your collective asses.

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