HP is simply a gigantic cash pile in the process of being looted by insiders at a frantic pace. Meg Witless is there to supervise the deconstruction and to ensure that the proceeds go to the correct, well-connected parties. As a billionaire, she can be trusted to “do the right thing” by TPTB. For her efforts, she will be richly rewarded (although she hardly needs it), of course. Expect more layoffs, more bad quarters, more outsourcing/offshoring, more bad decisions until nothing remains and the scraps are snapped up for pennies on the dollar by the next corporate shell to be looted in this never-ending game of three-card monty.
I also love it when I hear about these bag-of-human-waste CEOs taking “only $1 a year for a salary.” If a small businessman tries that, he will at a minimum be audited and penalized, and at a maximum imprisoned or killed for payroll tax evasion. But because the CEO crowd are all members in the special elite overlord club, it’s okay when they do it.
