Hewlett-Packard could easily become Exhibit Number One for any future case studies about the dangers and pitfalls of hastily concocted acquisitions.
When common sense takes a leave of absence and megalomania takes charge of a CEO's desires nothing can stand in the way. An army of (sycophantic and conflicted) advisers is nothing but a rubber stamp and the board - full of well sleepy 'worthies' that are appointed by the CEO and for the CEO - are not providing the necessary checks and balances. The same can be said for the (mostly institutional) shareholders who are not given half a chance to properly question the proposed transaction.
(22/11/2012)
Last month, I blogged about the SEC’s recent focus on “AI Washing,” or the
practice of making potentially false and misleading statements about
artificial ...
22 hours ago
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