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Marc Andreessen, co-founder and general partner of Andreessen Horowitz, speaks during the "The Future of Technology" panel at the Fortune Tech Brainstorm 2009 in Pasadena, California July 22, 2009.
Marc Andreessen, co-founder and general partner of Andreessen Horowitz, speaks during the "The Future of Technology" panel at the Fortune Tech Brainstorm 2009 in Pasadena, California July 22, 2009.
(Phil McCarten/Reuters)

BREAKINGVIEWS

HP should be broken up – but first, give these board members the boot

Reuters Breakingviews delivers agenda-setting financial insight. Its global correspondents react to stories as they develop, delivering sharp and provocative commentary on big financial news as it breaks.

A breakup of Hewlett-Packard is both desirable and inevitable. But it requires new blood on the board. Investors now have an opportunity to hold the $41-billion tech conglomerate’s directors more accountable. The company lost nearly half its value in 2012 as dysfunction and misguided M&A caught up to HP. Moving chairman Ray Lane and others out at the upcoming annual meeting makes a breakup easier to push forward.