Filed in archive
corporate governance
by leon on October 17, 2006

Blame it on a dysfunctional board that made it a disaster waiting to happen. Blame it on the toxic relationships in the boardroom.
The war between former chairwoman Patricia Dunn and Tom Perkins is a case in point.
All of that is revealed in gory detail by George Anders and Alan Murray of The Wall Street Journal via the Sunday Times.
Perkins branded Dunn a "stickler for process and procedure". Dunn said the venture capitalist was a "controller". He wanted directors who were entrepreneurs connected with his firm, she wanted business leaders with runs on the board. Dunn was terrified of screwing up, Perkins was presenting the image risk taking, fast cars and sail boats. The list goes on.
Perkins would declare in front of board members: "We need a new chairman." According to Dunn, Perkins would poke her in the clavicle and say: "I made you chairman."
Did Perkins, author of the novel Sex and the Single Zillioniaire, have issues with women? Probably.
But Dunn had a problem with tunnel vision. In her eagerness to track down the leaker, she forgot about fairness and ethics. And in her desperation to avoid screwing up, she screwed up big time.
The piece is a striking reminder of what lessons HP presents for all boardrooms. Bad boards damage reputations and in the worst case, they can destroy companies.
Read through the piece and you are left with the moral: it might have been different if the problems had been addressed earlier.
Permalink: The war in Hewlett-Packard's boardroom
Tags:
Patricia
Dunn
Tom
Perkins
business
boardroom
hewlett+packard
packard+boardroom
corporate+governance
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/39294
Mr Wong
Vote for The war in Hewlett-Packard's boardroom:
|
Rating: 9.63 out of 8 vote(s) cast.
|
Response from:
IndianPad
Sox First: The war in Hewlett-Packard's boardroom posted at IndianPad.com
Response from:
The fallout from the Hewlett-Packard pretexting spying scandal continues to grow. Blame it on a dysfunctional board that made it a disaster waiting to happen. Blame it on the toxic relationships in the boardroom, revealed here in gory detail.
Subscribe
Use the search to look for other interesting posts
| RSS | See all blog subscribe options |
|
What is RSS? | |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
| Newsletter | |
| Follow us on Twitter! |















