Leo Apotheker

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HP: New Acquisition Cheated Us, Cost Us $8.8B

Company says it has alerted regulators

(Newser) - Hewlett-Packard is accusing Autonomy Corp, which it purchased last year for $10.3 billion, of falsifying its finances—leading HP to take an $8.8 billion charge to sync Autonomy's accounting value with its real value. In a statement, HP accused "former members of Autonomy's management team"... More »

Even Loser Execs Still Getting Mammoth Exit Pay

'Pay for failure' bleeding troubled firms dry, say critics

(Newser) - Remember the furious demands in the wake of the Wall Street crisis that exorbitant executive exit pay be cut? Not happening. Even big-time loser executives are still reaping incredible windfalls. Take Léo Apotheker, bounced from the top of Hewlett-Packard after a year that saw company stock plummet. His punishment... More »

Hewlett-Packard Names Meg Whitman CEO

Leo Apotheker is out at struggling company

(Newser) - Score one for the rumor mill : Hewlett-Packard waited for the markets to close, then named Meg Whitman its new CEO, effective immediately, reports Bloomberg . The former eBay exec, recently off a failed bid to be California governor, will take over for Leo Apotheker, who resigned under pressure after 11 lackluster... More »

Meg Whitman to Take Over at Hewlett-Packard?

Insiders say strugging company may dump CEO Leo Apotheker

(Newser) - Meg Whitman may have lost out on her bid to be governor of California, but she might soon be back in a high-profile business post, reports Bloomberg . It quotes anonymous sources who say Hewlett-Packard's board may fire CEO Leo Apotheker and replace him with Whitman on an interim basis.... More »

HP's New CEO Pick Is Absolutely Bananas

Why would you pick an unemployed failed exec?

(Newser) - HP could have picked someone with a proven record to be its next CEO. It could have picked someone who knew its business, maybe an internal candidate, or a rising star at a rival company. “It could have found someone with a job,” suggests Adam Lashinsky of Fortune... More »

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