Thursday 22 September 2011

HP CEO on the chopping block

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HP CEO on the chopping block:We can look at the last days of Leo Apotheker as CEO of HP fledglingcompanies. After a series of heavy industry, HP has become a sort of train wreck in recent years, the company has tried a number of wild, new strategies, but few of them have ended up. Most of those strategies have come under the guidance of Apotheker, who was originally hired on to save the company from the trouble it was put in by Mark Hurd, the prior CEO. Hurd was at the helm of what was perhaps the company's biggest scandal, when it was accused of illegally phone-tapping analysts and journalists. Apotheker was supposed to be the savior that prevented HP from sliding down that slippery slope. Instead, under his watch, the company's stock price has dipped 47%. The HP board is now reportedly discussing the possibility of ousting Apotheker from the company. Investors are becoming frustrated with the way HP is heading, andIt was of course under the leadership of Apotheker that HP purchased the failured of a company that was Palm. It was several months before HP was able to do something with the Palm operating system webOS, and once he did, was a disaster. Sales of HP Touchpad pills were so sad that in a matter of weeks, the price dropped to $ 99 just to get rid of inventories. So there is little reason to trust now Apotheker. You might consider a new CEO relatively quickly.HP CEO on the chopping block

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