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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (58660)	4/19/1999 9:35:00 AM
From: Bosco	Read Replies (1) \| Respond to of 97611

hi TigerPaw, you sez "Could this be the root of Cpq's troubles. It would be hard for any CEO to be sucessfull if there is a backstage manager second guessing" While there is a danger of being a backseat driver, I do not think it is the case here. 1st, I confess I do not like the kind of quarterly review so prevalent on WS. That said, for a CEO who is not answerable to anyone is putting the shareholders at the mercy of how billriant and non egotistical of the CEO. I hold a couple of small caps whose CEO has more than 40% stake of the company, at first, I thought it was great to have such insider holdings. Then, seeing these guys running the company to the ground without impunity really gives me 2nd thought. Back to CPQ, the BoD has the duty to act in accordance to the shareholder's benefit. best, Bosco

To: TigerPaw who wrote (58660)	4/19/1999 10:32:00 AM
From: Kenya AA	Respond to of 97611

TigerPaw: Could this be the root of Cpq's troubles. It would be hard for any CEO to be sucessfull if there is a backstage manager second guessing. I agree with Steve Milunovich's comments on this topic. He said that as companies evolve and move through different stages in their growth, a CEO that may have been the right leader for one phase, is not necessarily the right person for the next one. In other words, Rod Canion played his gig and now so has Pfeiffer. Look at what EP did for CPQ since 1991 and tell me the board was wrong to replace Canion. Making sure that the current CEO is the right leader for the time is one of any board's most important functions. I just wish that the board had acted sooner than they did - it appears from Rosen's comments that they knew the sun was setting on the EP "regime" (OUCH!) a while back. JMO, K