And I contend that it is part of the problem that has become rampant at
large companies.  An astute BOD, between them, should already know the
short list of those capable and willing to lead your company.  I think they
subcontract it out so they're not accountable for the decision...."well,
she came highly recommended", or "we did our due diligence", etc.  I
understand putting the word out that you're looking....but who in the
business world doesn't know that HP is looking for a CEO???!!  Why spend
millions to "come up with a list"?  The list should be knocking on your door.

But it doesn't matter to me anymore...I got rid of my HP stock long ago,
when they stopped innovating.  The problem at  HP and many other companies
is at the BOD.  It's the leading indicator of a company's long-term return
on investment.

At 10:34 AM 2/18/05 -0600, Mark Landin wrote:
> > This is part of the problem at HP.  If the Board isn't astute enough to
> > choose a CEO, then just what is their role as members of the BOD?  When
> > millions of dollars are casually thrown around, it's a bad sign.
>
>Most large corporations use search firms to locate CEOs. The Board
>typically interviews the "short list" candidates. It's nothing unusual
>for HP to do the same.
>
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