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H-P Board Weighing CEO Ouster

Original post made by Sharon, Midtown, on Sep 21, 2011


WSJ "The board of Hewlett-Packard Co. is considering ousting Leo Apotheker as chief executive, according to people briefed on the matter.

The board is planning to meet Wednesday, according to one of those people. No decisions have been made on a successor to Mr. Apotheker, said this person."
Web Link

He did not last long

It looks like Meg Whitman will be the next HP CEO

Comments (16)

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Posted by Samuel
a resident of Midtown
on Sep 21, 2011 at 1:51 pm

Not sure why, if HP fires Apotheker, they would want to bring in Meg whitman

Web Link

She is a failure and has too much personal baggage. It will be the end of HP if she comes aboard


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Posted by Sharon
a resident of Midtown
on Sep 21, 2011 at 2:08 pm

The HP stock declined 50% during Apotheker disastrous tenure.

He was fired from his previous job.

HP stock is up 11% today on the rumor of Whitman as CEO.

She has been on the HP BoD for some time and will be able to attract some talent from Google/Android.


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Posted by Samuel
a resident of Midtown
on Sep 21, 2011 at 3:21 pm

Whitman=Failure=perosnal issues=major character flaws=possible criminal activity.

HP will be well advised to pass on Whitman as CEO. She is finally using some of her money for the public (charter schools in the area), good for her. About time she stopped spending millions of her vanity issues.
Let her retire and burp tupperware from now on.


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Posted by Sharon
a resident of Midtown
on Sep 21, 2011 at 4:47 pm



My understanding is that Whitman will be an interim CEO who can build employee and investor confidence.

The main thing is to get the incompetent and toxic Leo Apotheker out of HP ASAP, this evening--security will escort him out of building.

Ray Lane should be next out the door as he supported hiring that turkey -Leo Apotheker


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Posted by Samuel
a resident of Midtown
on Sep 21, 2011 at 7:32 pm

Even if HP gets rid of Apotheker, I doubt that security will escort him from the building immediately.
Of course HP will be taking a big chance hiring Whitman. We believe that her recent offer of funding charter schools is a cynical attempt to divert attention from her upcoming legal woes. After all Whitman has always been against efforts at the companies she has worked at. philantrophic
It will be quite embarrasing for HP if Whitman is taken into custody at HP headquarters and subjected to a perp walk outside--it will be a You Tube sensation however,


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Posted by Sharon
a resident of Midtown
on Sep 21, 2011 at 7:50 pm



@Posted by Samuel, a resident of the Midtown neighborhood, 13 minutes ago

We hope you have already contacted your lawyers because you may be in big trouble

The announcement of the change in CEO should be before trading Friday


 +   Like this comment
Posted by Samuel
a resident of Midtown
on Sep 21, 2011 at 7:59 pm

"We hope you have already contacted your lawyers because you may be in big trouble"
On the other hand, Sharon, you may be in big trouble. My cousin, the prison guard, thinks so.
I thought you said that they were dumping him today. Clearly your sources are not reliable.


 +   Like this comment
Posted by Sharon
a resident of Midtown
on Sep 22, 2011 at 10:14 am


NYT-just in-- Apotheker is out @ HP

"Meg Whitman, eBay's former chief executive, will likely be named to lead Hewlett-Packard after markets close Thursday, according to a person familiar with board decisions. "...

According to a person with knowledge of the board's decision, she was chosen for her track record of successfully managing a large, complex business, her communications skills both internally and with Wall Street and her ability to lead senior executives through corporate transitions.

Web Link

A wise decision by the BoD-


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Posted by Samuel
a resident of Midtown
on Sep 22, 2011 at 10:54 am

From Sharon's link:

"While Mr. Apotheker is going, his strategy, including consideration of spinning off H.P.'s personal computer business from other parts of the company, will remain in place."

Interesting that they are dumping him but keeping with his plans. So why get rid of him?
Why bring in someone with so much legal and personal baggage?
If things go as rumored for Whitman this could be hugely embarrassing for HP--it may even signal the end of HP as we know it. There are much more qualified people around, without the baggage that Whitman is bringing with her.
I guess this will also signal the end of all philantrophic efforts by HP>


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Posted by Sharon
a resident of Midtown
on Sep 22, 2011 at 5:52 pm



It is a done deal--this is Leos last job--investors will claw back his severance--as they should given his gross incomptence

Regarding philanthropy--

Jobs outlawed all charitable activity by Apple when he returned- he cut the program out.

HP may well spin off some of its units--like it did with Agilent

HP is behind in the cloud space--maybe it should get back to its roots in Military/Defense applications































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Posted by Samuel
a resident of Midtown
on Sep 22, 2011 at 7:08 pm

"Jobs outlawed all charitable activity by Apple when he returned- he cut the program out."
Still waiting for a link for this claim--oh wait, I forgot it is a "sharon post". Facts are not necessary.
Whitman is unqualified to head up HP--but it is their company. Too bad the investors will pay the price.


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Posted by Samuel
a resident of Midtown
on Sep 23, 2011 at 12:31 pm

Web Link
"Hewlett-Packard Co.'s stock sank Friday to its lowest level in six years, as investors worried that new CEO Meg Whitman isn't the right person to turn the company's fortunes around."

Any comments, Sharon?


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Posted by Sharon
a resident of Midtown
on Sep 23, 2011 at 1:21 pm

@Any comments, Sharon?

Well stocks are down across the board and across the world.

1/ Whitman has called for a review of the proposal to spin off/sell the PC business to be completed by end of December--good to review this matter.

2/ This act and its output will address investors concern that HP does not have a coherent strategy or the capacity to execute a given strategy.

3/ HP needs to fix its dysfunctional B o D dynamics ASAP and communicate that it has a transparent wise decision process

4/ Whitman has already launched a more functional leadership process she needs a great PR firm to assist in building confidence with both employees and investors.

At $ 23 per share HP stock is a steal and if Whitman follows steps 1-4 above then the stock will be at $ 37 by year end


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Posted by Samuel
a resident of Midtown
on Sep 23, 2011 at 1:27 pm

"Well stocks are down across the board and across the world."
Well, actually not. Stocks were up today, while HPs stock sank.

From my link above:
""While we believe the decision to replace Leo Apotheker was a good one, we are disappointed with the naming of Meg Whitman as HP's permanent CEO, and believe that this sentiment is shared by most investors and large HP shareholders," Sanford Bernstein analyst Toni Sacconaghi said Friday. "We believe the company was remiss in not conducting a comprehensive CEO search.""

As other's have pointed out, Whitman is completely unqualified for the job. Plus HP will now face huge liability issues due to her anger and personality issues:

Web Link
"Whitman became frustrated with her handler, Young Mi Kim, and, at some point, pushed her. Kim threatened a lawsuit, settled with the company in the neighborhood of $200,000, and later returned to work there."

HP made the wrong choice and the stockholders will pay the price. Not too late for HP to reconsider.


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Posted by Sharon
a resident of Midtown
on Sep 23, 2011 at 6:35 pm



The thing to remember is that Silicon Valley is a small town--with a network of Venture Capital and lawyers on Sand Hill Road and the Engineering School and Business School @ Stanford.

Whitman is well respected and supported by all the groups--though her MBA is from Harvard.

She has the right network for talent, investment and within the first tier consulting companies--which HP is moving towards.

She will be CEO for 12 to 24 months--clarify the strategic direction,boost the stock price and P/E, align the employees and then promote/recruit a dynamic younger leader as CEO while she becomes chairman.


 +   Like this comment
Posted by Samuel
a resident of Midtown
on Sep 24, 2011 at 11:20 am

"Whitman is well respected and supported by all the groups--though her MBA is from Harvard."
Sharon clearly ignores the quotation I posted above
(""While we believe the decision to replace Leo Apotheker was a good one, we are disappointed with the naming of Meg Whitman as HP's permanent CEO, and believe that this sentiment is shared by most investors and large HP shareholders," Sanford Bernstein analyst Toni Sacconaghi said Friday. "We believe the company was remiss in not conducting a comprehensive CEO search."")
Clearly is Whitman is not respecte and supported by all groups (but never let the facts get in the way of a Sharon post)

HP better hope that Whitman does not have another meltdown. Whitman and her family are notorious for their abuse of women:
Web Link
""Whitman became frustrated with her handler, Young Mi Kim, and, at some point, pushed her. Kim threatened a lawsuit, settled with the company in the neighborhood of $200,000, and later returned to work there."
and
Web Link
"Does California gubernatorial candidate Meg Whitman's violent temper and bullying behavior run in the family? The billionaire ex-eBay CEO's son was charged with felony battery for breaking a woman's ankle"

Instead of 12 to 24 months as CEo, whitman my end up doing 12 to 24 months in jail, after a perp walk from HP headquarters.
This would be a huge blow and embarrassment for a company on the ropes.

Whitman was the wrong choice for many reasons.


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