Tom Perkins: HP did not want independent directors

Summary:Thomas Perkins, co-founder and director emeritus of Kleiner Perkins Caufield & Byers, speaks at the Venture One Outlook conference in San Francisco about why current corporate boards can easily fail. He discusses the meltdown at Enron and the fallacy of building what he calls compliance boards that don't know their corporation's specific industry.

Topics: Hewlett-Packard

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