After retiring from Mickey D’s, Skinner took the chairman’s throne for convenience-store giant Walgreens. Almost exactly one year later, Walgreen shares have soared 60% higher, absolutely crushing the Dow Jones‘ historic 20% run. It’s hard to pin that rush directly on Skinner’s appointment, but his presence clearly doesn’t hurt.
The impact on HP
Between these three names, Hewlett-Packard Company (NYSE:HPQ) gains the following:
– Two former CEOs of S&P 500 companies, including one Dow leader. Ozzie is the holdout here with “only” a senior leadership role at Dow component Microsoft (but that always seemed like half of Bill Gates’ old baton, the other half having been passed to Steve Ballmer).
– Three proven winners with strong opinions on how to run a large-scale business. None of these three will back down from a challenge if he sees things going wrong at HP.
– Something like 80 years’ worth of top-level management experience.
The article HP’s Board of Directors Gets Some New Blood originally appeared on Fool.com and is written by Anders Bylund.
Fool contributor Anders Bylund holds no position in any company mentioned. Check out Anders’ bio and holdings or follow him on Twitter and Google+. The Motley Fool owns shares of Microsoft. Motley Fool newsletter services have recommended buying shares of McDonald’s. Motley Fool newsletter services have recommended creating a bull call spread position in McDonald’s. Motley Fool newsletter services have recommended creating a synthetic long position in IBM. Motley Fool newsletter services have recommended creating a bull call spread position in Microsoft.
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