Should HP's CEO Be Ousted Imminently?
HP's CEO Under Pressure: Apotheker's Vision Questioned
Hewlett-Packard (HPQ) CEO Leo Apotheker, who has been in office for just under a year, is facing mounting pressure from the company's board and investors. The recent announcement of a major shift in focus from hardware to software has raised eyebrows, with Apotheker dropping webOS hardware and PC operations, and picking up Autonomy at a premium.
However, this ambitious plan to transform HP into an enterprise software company has not been met with unanimous approval. HP Chairman Ray Lane has undermined Apotheker's vision by suggesting that the company may not spin off the PC business, a move that could compete with IBM and Oracle in the hardware market.
The board's discontent with Apotheker's direction is further evidenced by the fact that shares of Hewlett-Packard have shed 47% of their value under his leadership. Apotheker has also cut revenue forecasts three times, a move that has disappointed investors and raised questions about his ability to steer the company forward.
In light of these challenges, the board is contemplating giving Apotheker the boot. Meg Whitman, the former CEO of eBay, has been named as a potential interim replacement. Whitman's expertise in leading a successful tech company could provide a much-needed boost to HP's flagging fortunes.
The potential decision to keep the PC business inside the company would not only affect HP's position in the hardware market but also its relationship with investors. Many have expressed disappointment with Apotheker's vision of the 'HP of the future,' and a change at the helm could help restore confidence in the company's direction.
As the situation unfolds, it remains to be seen whether Apotheker will be able to turn things around or if a change in leadership is on the horizon. One thing is certain, though: the future of Hewlett-Packard hangs in the balance.
Note: This article is based on the provided bullet points and does not include any personal opinions or unrelated information.
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