Tom Perkins, cowboy of the old school
Noted author and former Hewlett-Packard board member Tom Perkins gave his first public talk yesterday since the HP board scandal blew up last September. Perkins complained about the growing prevalence of "compliance boards" that spend all their time obsessing about regulatory compliance, versus "guidance boards" that get involved in the company's business. Perkins places himself firmly in the latter camp, of course, and further notes that "the best of compliance boards would be entirely unable to prevent another Enron." Of course, the best of Perkins-style guidance boards would in turn be completely poleaxed by another HP pretexting scandal.