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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (39510)10/1/2010 6:00:17 PM
From: Madharry  Read Replies (1) of 78672
 
cnbc fast money had a lot on this last night. i thought there new correspondent who had not been impressive until that point brought forth lots of good info from silicon valley on the board choice. lots of people were scratching their hands going we dont get this- the guy has only a software background, which is 3% of the business, no experience integrating new acquisitions, and was not a success at his last ceo position. not sure that he works well with others either. certainly did not motivate me to start a position in it. really makes you wonder why they werent in position to promote an internal candidate considering some of the folks running the bigger operations had been there for a couple of decades.

The whole way corporate boards are selected leaves a lot to be desired. some boards have as many as 18 people I have no idea why. I remember when I was much younger, I met this older gentleman who had been on the board of a company that got taken over, he complained that the acquiring company got them for a song. I didnt say anything but I thought if you guys had done your job as board members that would not have happened.

I still dont understand why they let hurd go and why they disclosed this sexual harrassment matter when they werent a party in it. But I had not position in it nor do I have one now. My big mistake there was not buying in when they bounced carly out.
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