Where was the board? Where was Meg Whitman?
Of course, today, we're hearing them cast blame on Autonomy's auditors -- Deloitte -- and people like Mike Lynch. We're also hearing them complain about their own investment bankers and lawyers who, no doubt, deserve blame. Yet, HP's board -- which is clearly still the most dysfunctional board in corporate America -- is again at the heart of a major self-inflicted blunder.
Meg Whitman deserves tough questions. So does Chair Ray Lane. So does Marc Andreessen and the rest of the HP board.
The last time the HP board came under attack was when they fired Apotheker and hired Whitman. At that time, Ray Lane vociferously complained to the business press that it was unfair to paint the current HP board as the same terrible board that had previously made bad decisions.Yet, there were a number of carry-over directors then and still are now. And even the so-called new directors, like Meg, have blood on their hands from this Autonomy mess. This board needs a full housecleaning once and for all after this latest disaster. At the time of publication, the author held no positions in any of the companies mentioned. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.