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The article "The trouble with superheroes" on page 74 of the October 1 issue of The Economist states in part
Quote:
... HP has fallen victim to the cult of the corporate saviour. It keeps reaching outside its ranks to hire a superstar as CEO. This is something HP never did during its glory days. And it never seems to work. ...
A later paragraph heading is "Corporate culture matters more than stars." These days it seems that the HP board doesn't believe that.
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IMHO, there's enough written about that board in earlier threads. It's a pity HP has it.
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Hiring a superstar "savior" in hopes that he/she will solve everything has proven to be a guaranteed mistake. I see this all the time in sports - a team signs this great big hyped superstar who turns out to be not worth the hype. (Manny Ramirez anyone?) I certainly hope HP doesn't expect Meg Whitman to be the company's "savior".
