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Technology Stocks : HWP -- Hewlett Packard -- Ignore unavailable to you. Want to Upgrade?

To: Dave B who wrote (3846)	12/14/2001 11:46:43 AM
From: Jerome	Read Replies (1) \| Respond to of 4722

Dave, B. this country has got a lot of great foundations, Carnegie, Ford, Rockerfeller, Sloan, GM, and so on... None of them meddle in businesses that originate or fund them. As Duke pointed out "passive means passive"....creating an agenda from foundation shares means active. Jerome

To: Dave B who wrote (3846)	12/14/2001 12:49:11 PM
From: The Duke of URL©	Respond to of 4722

Good point.

To: Dave B who wrote (3846)	12/14/2001 3:58:59 PM
From: BelowTheCrowd	Respond to of 4722

Passive means not involved in ongoing management. Which is why neither of the foundations actually has a vote on the BOD, even though they are the largest shareholders. (Walter Hewlett is a board member by virtue of shares he holds himself, not shares of the foundation.) This is a big part of the problem at HWP. There is a fundamental disconnect between the composition of the board and the composition of the shareholders and the biggest shareholders don't get any early involvement in major decisions impacting their money. Had that been the case, the deal might not have been proposed. mg