Your Fail
I think you have completely failed to understand how corporate governance is meant to work.
The CEO is there to manage the company and appointed by the board.
The board is there to look after the shareholders interests and should rein in and fire the ceo if he acts against shareholder interests.
In the case of HP the incompetent way the TouchPad and PC div sale was handled is more than enough cause in my opinion to call the board to account. No doubt they would argue that the long term effects will be positive, no doubt both them and the CEO will be long gone.
Unfortunately since most shares are owned by pension and investment funds who are very passive such calling of boards to account is very rare indeed, and then he only avenue for smaller shareholders to follow is legal.