[lbo-talk] Imperial Decline, the HP Way

[Mark Bennett]

It's odd that stories like this never move pro-capitalists to question the
model of corporate organization and governance that "allows" it to happen.
There no talk of grabbing the "share-holder value above all" model and
"drowning it in a bathtub."  All will be well if better people are at the
helm.  Yet every government fiasco and boondoogle is offered as an example
of the hopelessness of good governance.

Any company that is putting its future in Meg Whitman's hands is circling
the drain.

On Sat, Sep 24, 2011 at 1:07 PM, Dennis Redmond <metalslorg at gmail.com>wrote:


> An exemplary study of how US elite incoherence is wrecking companies
> from within:
>
>
> http://www.businessweek.com/management/how-hewlettpackard-lost-the-hp-way-09232011.html?campaign_id=rss_topStories
>
> Interesting, because it shows how the neoliberal faction (cut R&D and
> loot the company to pump up the stock) didn't have complete control of
> the board of directors, but got its way because there was no
> counterforce or competing long-term vision (no visionary founder,
> strong unions, or Central Europe's codetermination model) . Same thing
> seems to have happened to the entire US economy over the past 35
> years.
>
> -- DRR
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