Two Heads

Two Heads - Two heads better than one Robert Cyran / August...

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Two heads better than one Robert Cyran / August 10, 2010, 0:46 IST HP management: Hewlett-Packard may find a silver lining in Mark Hurd’s resignation. The loss of its chairman and chief executive over alleged expense fiddling and sexual harassment will hurt, especially given all the good he did for the tech company. Investors fretted, sending the shares down 10 per cent in after-hours trading on Friday night after the news was announced. But the board could use this as an opportunity to split the chairman and CEO roles, and set HP on an even better course. The company needs someone strong to focus on day-to-day management. HP is amid integrating important acquisitions, including networking company 3Com and smart phone maker Palm. True, having Chief Financial Officer Cathie Lesjack around will help in the meantime. But she doesn't want to make the top job permanent. It seems prudent to fill this role relatively quickly and with assurance, so an HP insider makes the most sense. HP also could use a strategic guide. Although Hurd was widely acknowledged to be an
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This note was uploaded on 01/30/2011 for the course 620 300 taught by Professor Gordon during the Spring '10 term at Rutgers.

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