Deconstructing HP's 'Dysfunction'
Ray LaneChairman of the board starting November 2010Former Oracle President Ray Lane left the Silicon Valley software giant in the year 2000, after friction grew between him and CEO and founder Larry Ellison. Lane went on to serve as general partner at venture capital firm Kleiner Perkins Caufield & Byers. Now he's faced with leading HP's embattled board beyond today's turmoil into the future.
What is it with HP's board? Not only has Oracle CEO Larry Ellison reportedly called for their resignations en masse, immediately, following their hiring of ex-SAP CEO Leo Apotheker to lead HP into the future. Now ex-GE CEO Jack Welch chimed in, too, calling HP's board "somewhat dysfunctional" following its recent decisions around ousted CEO Mark Hurd and new CEO Apotheker. Welch goes on to accuse the board of failing to develop internal candidates to manage the company and going through three external CEOs in just a few years. From the 2006 spying scandal when then Chairman Patricia Dunn was charged with felonies in association with the hiring of investigators to spy on board members and journalists to find the source of a leak, to today's war of words on so many fronts, how has this corporate board – which is supposed to be the sound voice of reason and steady direction – somehow become the center of the scandalous news about a technology company? Here's a quick look at HP's board members and their careers.