Speaking privately to those who were party to some of the decision making, one hears less kind explanations of what has happened.

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Having no details beyond the limited public information provided last week, and still with no further contact from you, I am writing today to ask you, the board of HP, for immediate and specific explanations for the allegations HP is making.

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Third, in spite of its outlier status, human nature makes us concoct explanations for its occurrence after the fact, making it explainable and predictable.

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But with rational explanations hard to come by, investors should stop short of making big moves out of equities, Mr. Stovall says.

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The group also claims that the decision-making process would be opened up, with affected people being consulted and involved in the process and given explanations about final decisions that are made.

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