Linked by Thom Holwerda on Thu 22nd Sep 2011 18:50 UTC
In the News "Meg Whitman, eBay's former chief executive, will likely be named to lead Hewlett-Packard after markets close on Thursday, according to a person familiar with board decisions. The decision to replace Leo Apotheker, the company's chief executive, after only 11 months on the job is all but made, lacking only a final vote, said the person, who is not authorized to speak for the board. While Mr. Apotheker is going, his strategy, including consideration of spinning off H.P.'s personal computer business from other parts of the company, will remain in place."
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strategy
by Adurbe on Thu 22nd Sep 2011 20:20 UTC
Adurbe
Member since:
2005-07-06

Th open opinion is to maintain Apotheker's strategy so as not to make the company look like it has no direction (and lose more share price).

Give it until Whitman's opening speech to see a new direction. If the board were happy with the current direction they wouldnt be looking for a replacement would they?

Reply Score: 2

RE: strategy
by sorpigal on Fri 23rd Sep 2011 11:41 in reply to "strategy "
sorpigal Member since:
2005-11-02

The board is only unhappy about the drop in stock price, which they don't see as connected to the direction of the company. They just wanted it all done more carefully so no one got scared.

Reply Parent Score: 2