Re: When smoke gets in your eyes
I don't know why anybody would mark you down when one only has to look at the history of HP to know their claims are rubbish. I mean they expect us to swallow a 5.5 BILLION dollar book cooking that just so happened to get by not one but two separate accounting firms? Give me a break!
But you look at the past 6 years or so of HP and you quickly see a pattern emerge which is pretty much spot on what you listed with one change to #1 which is "CEO buys company FOR SEVERAL TIMES ITS VALUE then gets bullet along with others". Hp has bought companies multiple times now for several times what the most optimistic outlook would warrant, just look at what they paid for WebOS.
But the part I'm hoping this stink will change is Whitman and the board, because while the CEOs have been through the place like a revolving door the board that rubber stamped these insane moves including Whitman are still there and still filling the air with the stench of failure. This is why going through multiple CEOs hasn't helped AMD either, because its the pathetic board that has stayed and stunk up the place.
So I hope it all ends up getting aired in public and the board get their golden parachutes and just get out before they have completely destroyed the company, because its painful to see what once was a great company just get run into the ground like that.