The HP Board Strikes Again!

Not content with its ranking among the worst corporate boards, according to experts (certainly not Ned), the board of floundering computer former-giant HP is reported ready to axe its CEO of 11 MONTHS, Leo Apotheker, in favor of a Charter Member of the Sneering Plutocracy, former eBay head Meg Whitman! Whitman's latest caper was to spend $160 million of her "own" money (read: money flayed from the backs of eBay employees and shareholders) in a run against wheezing geezer Jerry Brown for governor of California, a race in which she was soundly trounced. Ned can only imagine to what heights she may soar if elevated to the head of HP, but Ned advises his investor friends to continue to short the stock (free advice).

More Great Meg Whitman News!

Ned's friends of long standing are aware of his unabashed pride in the successes of the self-made men and women of the Sneering Plutocracy. Today comes word that Ned can report with vicarious pleasure, nay, glee, that one of his favorite Sneering Plutocrats, former eBay "CEO" Meg Whitman, has soared to new heights. His friends will recall that Whitman suffered a slight setback when she spent $180 million of "her" money (read, money skewered from the flesh of eBay customers, employees and stockholders, not to mention taxpayers given that she pays taxes at a lower rate than Warren Buffett's secretary) in a failed attempt to buy--er, be elected to the governorship of Gullyvornia, losing by 13 points to septegenarian Jerry Brown. Recently Ned had taken heart that Whitman has partially recovered from this disappointment by being named to the Board of HP, thus allowing her to rake in hundreds of thousands a year by meeting four times a year, and rubber stamping the dictates of the CEO. Today, Ned is informed that she has been named to the Board of Zipcar as well! Thus, by doing nothing, she has been awarded another million or so a year, while millions grub for worms under rocks and hundreds of thousands live on park benches and under bridges. Is this a great country or what?