Ned Pepper's Outrages
Thursday, September 15, 2011
HP Redux
Ned's friends know that he has been chronicling the rise and (mainly) fall of computer giant HP for more than a year, pointing out the laughable incompetence of a "Board of Directors," and their misadventures in hiring, first of titanic loser (except in reward of course) Carly Fiorina, then of Mark Hurd (forced to resign, and take $12 million with him, arising out of 'improprieties' in his expense accounts), and now of some European character. He would like to amend his earlier posts by pointing out that HP's stock has tanked recently, sinking into the mire of the low 20's--and well-deserved. A bigger bunch of self-aggrandized clowns cannot be imagined, but, have no fear, they will find ways to make silk purses out of sow's ears, and numerous reasons why they should all be rewarded with ever increasing amounts of filthy lucre, all flayed from the backs of hapless employees and shareholders. Let the free market rule!
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