The Hewlett-Packard Co. board of directors ousted CEO Leo Apotheker on Thursday and replaced him with former eBay CEO Meg Whitman.
Hewlett-Packard has become the poster child for ensuring that failure only has consequences for subordinates, never for higher-ups.
Hewlett-Packard Co. shares jumped Wednesday after reports that the technology company’s board is mulling the removal of CEO Leo Apotheker, who has been on the job for less than a year.
Hewlett-Packard Co. CEO Leo Apotheker put rival operating systems makers in his cross-hairs Wednesday, saying the giant computer maker will soon put its webOS system on more than 100 million devices a year and license it to other hardware makers.
Hewlett-Packard Co. cut its full-year outlook Tuesday, citing a trifecta of woes that include the earthquake in Japan, soft PC sales and weakening performance in its crucial tech services business.
Hewlett-Packard Co. has won investors’ approval for its deep boardroom makeover in the wake of the company’s CEO scandal.
The appointment of a German software executive as Hewlett-Packard Co.’s next CEO sends an unmistakable signal that the board of the world’s largest technology company is prepared to gamble big on an aggressive push into the software business.
Hewlett-Packard has named veteran computer software executive Leo Apotheker as its new CEO.