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Old 09-21-2011, 02:53 PM   #1
Sonny
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Default Hewlett-Packard rallies 11% on rumor CEO Leo Apotheker will Go.

Hewlett-Packard Co. (HPQ)’s board plans to meet to consider whether to oust Leo Apotheker as
chief executive officer after less than 11 months on the job, two people familiar with the matter said...

Sep 21, 2011
http://www.bloomberg.com/news/2011-0...ar-as-ceo.html
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Old 09-22-2011, 07:18 PM   #2
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Meg Whitman Will Succeed Apotheker at HP

Bloomberg - ‎30 minutes ago‎
Meg Whitman's challenge will be to boost revenue while allaying the
concerns of investors whose dismay left Hewlett-Packard stock 47 percent
lower under Leo Apotheker.

edta:
Hewlett Packard Co News




HP names Whitman CEO, Apotheker out

SAN FRANCISCO (Reuters) - Hewlett-Packard Co named former eBay Inc Chief Executive Meg Whitman its president and CEO, replacing the harshly criticized Leo Apotheker in a bid to restore investor confidence in the U.S. technology company.

Hewlett-Packard Company announced that its Board of Directors has appointed Meg Whitman as President and Chief Executive Officer (CEO). In addition, Ray Lane has moved from non-executive Chairman to executive Chairman of the Board of Directors, and the Board intends to appoint a lead independent director promptly. These leadership appointments are effective immediately and follow the decision that Léo Apotheker step down as President and Chief Executive Officer and resign as a Director of the Company. Full Article

!

Last edited by Sonny; 09-22-2011 at 07:34 PM.
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Old 09-22-2011, 07:23 PM   #3
Ought Six
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Arrow

HP seems known for having really bad CEOs.
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* I have the right to live, thus I have the right to defend my life from attackers who would take it from me.
* I have the right to my private property, thus I have the right to defend my property from thieves who would take it from me.
* I have the right to self-determination, thus I have the right to defend my liberty from tyrants who would take it from me.
* The only usable tools for these tasks are guns, and thus I have the right to shoot anyone who would take my guns from me.
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Old 09-22-2011, 07:31 PM   #4
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And, they are about to hire another one. It boggles the mind, given what these clowns are paid. Carly absolutely wrecked the company, and these others are just milking the spoils.
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Old 09-22-2011, 07:45 PM   #5
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The problem isn't the CEO, it's the board.

They approved the stock repurchase, the purchase of autonomy, and the direction apotheker was heading with the company.

Now that they've seen the stock price drop by 50% from it's highs, they're in CYA mode. Blame apotheker, the guy they didn't even interview before hiring.



apotheker is all right with me. I'm enjoying my touchpad
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Old 09-22-2011, 07:52 PM   #6
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The problem isn't the CEO, it's the board.
It's both. Hurd was OK, but had trouble keeping his gun in the holster.
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Old 09-22-2011, 07:58 PM   #7
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Quote:
Originally Posted by Sysiphus View Post
It's both. Hurd was OK, but had trouble keeping his gun in the holster.
Last I checked, it was an allegation, and also Fisher said:

Gloria Allred Releases Statement by Former HP Contractor

Attorney Gloria Allred released the following statement from her client, Jodie Fisher, the former contractor who recently made a sexual harassment claim against former Hewlett-Packard Chairman and CEO Mark Hurd:

“I was surprised and saddened that Mark Hurd lost his job over this. That was never my intention.”

“Mark and I never had an affair or intimate sexual relationship.
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