According to scandals in a book named Sex and XXX, HP boards dumped its CEO in 1999. From then on, they have successively fired 3 CEOs, replacing them with superheroes as they thought.
But HP hasn't got revived yet. Why?
Is it a necessary passage? No.
Another theory is presented and also doesn't explain the situation.
Third theory.
Actually, the board of HP might be focusing too much on the independent power of the CEO and thus has long ignored the importance of corporate culture.
Recent years HP has hired another new CEO. Yet she is still not pulling not much good to the company. She herself has failed in both business and political campaigns to run for a governor.