Leo Apotheker

6 Stories

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 Kills TouchPad, May Spin Off PCs

Also ends smartphones; part of shift toward business customers

(Newser) - In a dramatic reshuffling, Hewlett-Packard said today it will discontinue its tablet computer and smartphone products and may sell or spin off its PC division, bowing out of the consumer businesses. The most apparent result for consumers will be the end of HP's TouchPad tablet and HP-branded smartphones. By... 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 »

6 Stories