9/22/11

HP CEO to get the ax soon? - Technology - GMA News Online - Latest Philippine News

HP CEO to get the ax soon? - Technology - GMA News Online - Latest Philippine News: "Following a controversial move to stop webOS operations and spinoff its consumer PC business, Hewlett-Packard CEO Leo Apotheker may well be on his way out, sources said.

"Hewlett-Packard has lowered its sales forecasts three times since Apotheker became CEO in November, and he’s presided over strategy swings that left shareholders doubting his credibility," said the Bloomberg report.

Under Apotheker's mere 10-month watch of HP, the company's stock reportedly plunged by 47 percent, with investor exasperation at its highest in more than a decade.
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'via Blog this'

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