Previously in our blog, we discussed the potential implications of the California-based company Hewlett-Packard’s acquisition of the company Automony. The acquisition cost HP $11 billion and the financial problems that currently plague Automony could cost HP an additional $8 billion. In association with the acquisition, HP currently faces a lawsuit by one of its shareholders regarding the acquisition. Recently, news regarding the company’s Automony acquisition and commentary over its future business plans has gone public.

Large companies such as California’s HP are not run by only one person, but are run by many executives. The recent news regarding HP’s acquisition states HP’s executives, who include HP’s CEO and its board of directors, have shared responsibility in regard to the decision to make the large acquisition. Now that the acquisition has been completed and related problems have surfaced, the company may need to address future business plans to account for the current status of the company.

Although HP has not publically stated its future business plans, those close to the company forecast that the company may still be searching for the best corrective path. A former HP executive states the company had a business plan for expansion into software and personal computers that was not fully implemented. A new business plan and business formation may be on the horizon for the company, but potential details have not been released.

Business planning and formation can be difficult to implement as it has the potential to affect the many employees and the fundamental structure of a company. An experienced attorney can help a company make transitions necessary to implement future business plans and related formation.

Source: Bloomberg, “HP Former CEO Says Board Shares Blame for Autonomy Deal,” Aaron Ricadela, Dec 13, 2012