HP may oust Apotheker for former eBay CEO Meg Whitman

Business

HP may replace current CEO Leo Apotheker with former eBay CEO Meg Whitman, AllThingsD reported on Wednesday. Reportedly, HP board members are not pleased with “a series of management mishaps,” inside HP. It is unclear if those mishaps are related to HP’s recent decision to kill off its webOS devices and spin off its PC business, which resulted in recent job cuts from the former Palm team. The board may be more upset HP’s stock has tanked more than 40% since Apotheker took the reins in September, 2010. In any case, if Apotheker does get relieved of his duties as CEO, one analyst has suggested he will still have made $9.4 million for the year. Whitman, who is also on HP’s board, is reportedly interested in the job but the appointment is far from official, AllThingsD said. Whitman’s experience in the consumer market might help HP if ever does decide to revive the TouchPad and other webOS hardware efforts. Whitman served as eBay’s chief executive for 10 years until 2008 before trying her hand in politics.

Read [AllThingsD] Read [BusinessInsider]

27 Comments
  • Anonymous

    Meg Whitman is a pro at organizing Fire Sales!

    • Anonymous

      Still can’t believe it I just got a 827.89 iPa d2 for only 106.37 and my mom got a 1499.99 HTV for only 251.92, they are both coming with US PS tomorrow. I would be an idiot to ever pay full retail prîces . I sold a 37″ HTV to my boss for 600 that I only paid 78.24 for. I use jmb.tw/52bf

  • http://www.facebook.com/people/Roger-Moore/100001864393950 Roger Moore

    They should go for Carol Bratz

  • Fat Mams

    Whitman is a complete moron. Her success at eBay was more company momentum than anything else   .. goodbye HP. 

  • http://twitter.com/MrKal_El Mr Kal-El

    Such GREAT news.

  • Anonymous

    HAHAHAHAHAHAHAHAHAHA *cough* HAHAHAHAHAHAHAHAAHAH

  • Anonymous

    i’d slip her the dick

    • Anonymous

      I wouldn’t…not even with your dick

    • Ulysses Grant

      Seriously? cause I wouldn’t if I were you. LOL

  • Metcury46l

    Should have kept mark hurd and set up a hush fund to keep the mistresses quiet.

  • Twiznap

    LOL, hope she doesn’t have to spend more of her money running for that seat.

  • Flavio Ribeiro

    HP was founded by two extraordinarily talented engineers in a garage, and under their advisement it became famous for innovation and extraordinary quality. Generations of engineers respected HP for its commitment to building solid products.

    Then Hewlett and Packard died, and their leadership was replaced by stupidity from wave after wave of charlatans. They turned HP into a manufacturer of printer ink and completely unremarkable computers. As an engineer who grew up using their hardware, I find this horrifying.

    Someone please make it stop, and put an engineer back as CEO. If they start making good products that people want, maybe they can regain the consumer’s trust. I’d rather see HP go down in flames as an engineer’s outfit than see its innovative spirit being destroyed and still fail from a business perspective.

  • Anonymous

    Hmmmmm. Getting rid of Leo is a no brainer. If true, an excellent move by the HP Board.

    However, Meg Whitman is in no way qualified to run HP. EBay is a very poorly managed company and always has been. EBay is also ‘low-tech.’ Surely they must have a better option. 

  • http://MobileGenius.wordpress.com JM

    It is almost as though they are trying to drive the company to failure. 

  • Anonymous

    I ran ebay, so i can surely run california……hp sounds like a better fit for ol’ meg

  • Drew

    Wow.. Meg isn’t exactly a good chess move either. Her campaign here in California was a joke at best. She’s shallow and lacks substance… Your classic Billionaire.

  • Anonymous

    HP needs Mr. Hewlett or Mr. Packard.. or.. Mr. Rubinstein..!!

  • Chet Stovepiper

    10 millions dollars to fail. ill take that job.

    take 3 years off to fail at politics and then get a new CEO job after overpaying for skype?

    wtf is going on

  • http://www.jeffkibuule.com Jeff Kibuule

    I hear Carol Bartz is looking for a job.

  • http://www.TheGuruReview.net TGR

    I am going to say it first, the stock will fall even further.  How many dumb moves can a company make? Apparently many, if HP puts that dumb Meg in as CEO. 

  • Ulysses Grant

    HP should hire Michael Scott to run the company. 

  • Michale11111

    Great. Trade one retard for another.

  • http://pulse.yahoo.com/_ROSNCEUH6GSBXAWCKQZK2XQAFY Wikileaks is Democracy

    Meg Whitman ran for governor, apposing Jerry Brown who won the privilege to be the top executive of the government of California.

    Whiteman lost, in part, because she made a devastatingly self-destructive statement.

    She said that she wanted to restore California’s economy to a period in history when it was healthy. That period coincided to when Brown was successfully governing Calif. the first time, thus unintentionally touting Jerry Brown’s economic policies. Epic fail: She did not examine Brown’s record. She did not brush up on Calif. history. She spoke from ignorance.

    Intending to diminish Brown’s reputation, she instead increased it.

    The voters must have thought, “Well, if Whitman will employ Brown’s formulas for success, why not simply vote Brown?” 

    As an aside, it turned out that Brown did not have to waste campaign funds to compete with Whitman; She competed with herself. She tanked herself. Also, while she spent about four million to lose, yes millions, Brown spent thousands yet won clearly demonstrating that he is a fiscal conservative so popular now. Oh my.

    This is the context in which the rumor of HP hiring Whitman as top administrator must be placed.

  • http://twitter.com/mrudhr Marion Rudman

    There is a big difference between selling your old junk and running tech company, her political decisions truly showed her intelligence.

  • Andrei Timoshenko

    Whitman was a disaster for eBay, with any success the company had being achieved despite its CEO’s vision, not as a result of it.

    • Jbholmes2

      I think HP have lost their minds completely. Meg will finish HP off.

  • Anonymous

    You know you are in bad shape as a company when you are rumored to add Meg Whitman as your CEO and it’s considered an upgrade…….

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