Re: "the current Xerox acquisition offer is not in the best interest of HP shareholders"
Not only are the directors of a company are legally obliged to put the interests of the shareholders first, as stated by MJB7, but also consider that the employees make up a significant chunk of shareholders through their company retirement system, commonly known as a 401k savings plan. And I'm not just talking about middle and upper managers who may get stock options as bonus - I'm also talking about developers and wrench turners and paper pushers and everyone else in the employee chain as well.
Yes, it would be MUCH preferred for them to say "what's in the best interests of our employees and our company" and genuinely mean it. However, anyone who has been there for more than a few years and participates in the 401k plan isn't COMPLETELY screwed. Mostly, but not completely. I have first-hand knowledge of a similar situation.
Biting the hand that feeds IT
