HP May Oust CEO
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.
eBay to Spin Off PayPal Next Year
eBay today announced plans to separate its online auction business from its online payments business. eBay will spin off PayPal into its own company, a move it expects to complete during the second half of 2015.
Sony Still Weighing Sale of Smartphone Business
Sony today announced plans to spin off its audio and video business into a separate company. The unit will take the form of a wholly owned subsidiary of Sony.
Samsung Mobile CEO to Cede Daily Management Duties
Samsung today said J.K. Shin, the long-time leader of the company's mobile phone business, will cede control as part of the firm's annual personnel assessment.
ZTE Changes Leadership to Appease US
ZTE has moved forward with plans to replace its top executives in a step meant to help ease tension with the U.S. Department of Commerce.
Good riddence now please show support.
This is BAD BUSINESS, the kind that'll make me shy...
I'm embarrassed for this company and feel getting rid of this CEO, is the only smart move they've made this year.
As little as I care for WebOS...