I can’t think of a more fun company to follow than HP. The Mark Hurd mini-scandal. Deciding to stop producing the thing they are arguably most known for. Developing a tablet. Then promptly scrapping the tablet before the marketing agencies had time to tally up the bill. Going for the record for most failed female California gubernatorial candidates hired as CEO.
HP just keeps serving up fodder for the rumor mill.
In case you haven’t heard, the Wall Street Journal is reporting that Leo Apotheker is out as CEO and Meg Whitman is in. This shake-up comes less than a month after HP’s Board was behind all of Apotheker’s seemingly radical decisions.
The guess here is that shareholder pressure just became too much. The takeaway for me is that no matter how right (or dramatically wrong) you would have been, big organizations like HP just aren’t set up for drastic strategic overhauls.
There just aren’t many Ross Johnson’s out there anymore. What is good for shareholders, however, is just a lot less fun. C’mon, HP, prove me wrong.
- If HP Undoes Apotheker, Might WebOS Make a Comeback? (techland.time.com)
- Meg Whitman’s ledger: Is she up to running HP? (zdnet.com)
- HP mulling the Meg Whitman option (theglobeandmail.com)
- Meg Whitman to get HP job after the bell, report says (news.cnet.com)
- HP: Bring Back Mark Hurd [OPINION] (mashable.com)