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HP May Oust CEO

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Sep 21, 2011, 10:38 AM   by Eric M. Zeman

According to sources cited by Bloomberg, HP's board of directors is considering plans to rid itself of Chief Executive Officer Leo Apotheker, who's helmed the company for less than a year, and replace him with former eBay CEO Meg Whitman. HP has had a tumultuous year under Apotheker's leadership, and recently killed off its smartphone and tablet businesses. HP also recently announced plans to sell off its PC/hardware business and focus more on software and services, similar to IBM. HP's strategic changes have been met with investor ire. It is unclear if any of HP's recent strategic decisions might be reversed under new leadership. HP this week began the process of laying off more than 500 former Palm employees as it winds down the webOS business unit.

more info at Bloomberg »

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Subject Author Date
Good riddence now please show support. landmarkcm Sep 21, 2011, 12:32 PM
WebOS Slammer Sep 21, 2011, 11:14 AM
As little as I care for WebOS... jeffdws Sep 21, 2011, 2:31 PM
 
 
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