CEO search may slow
decision-making
By Michael Kanellos and Jeff Pelline
Staff Writers, CNET News.com
May 14, 1999, 2:55 p.m. PT
Compaq's search for a new chief executive could lead to delays in
strategic decision making, as well as create employee retention
concerns, the PC maker said in a regulatory filing today.
"While the office of the chief executive is moving quickly to make
operational decisions, the absence of a chief executive officer, particularly in
combination with the business issues now confronting Compaq, could lead to
delays in strategic decision-making as well as employee retention issues that
could complicate the timely implementation of operational decisions," the
company said in a "10-Q" filing with the Securities and Exchange
Commission today.
Compaq previously had downplayed the impact that the CEO search would
have on operations. As reported, the company's board forced the resignation
of CEO Eckhard Pfeiffer last month.
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