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Topic - Léo Apotheker
Hewlett-Packard Co. said a British company it bought for $9.7 billion last year lied about its finances, resulting in a massive write-down of the value of the business.
Hewlett-Packard Co. said on Tuesday that it's the victim of a $5-billion-plus fraud, claiming a British company it bought last year lied about its finances.
Hewlett-Packard Co. said on Tuesday that it's the victim of a multi-billion dollar fraud at the hands of a British company it bought last year that lied about its finances.
Hewlett-Packard Co. used to be known as a place where innovative thinkers flocked to work on great ideas that opened new frontiers in technology. These days, HP is looking behind the times.
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.
Meg Whitman's primary job as Hewlett-Packard Co.'s new CEO will be to restore a sense of direction at a company that has lost its way after a decade of leadership lapses and disjointed deal-making.
Hewlett-Packard Co.'s decision to fire CEO Leo Apotheker after just 11 months and replace him with former eBay chief Meg Whitman is another dizzying turn of the executive merry-go-round at a company whose leadership issues are straining a sprawling technology empire.
Hewlett-Packard is set to name Meg Whitman, the former eBay CEO and California candidate for governor, as its new CEO, according to published reports.
Hewlett-Packard is set to name Meg Whitman, the former eBay CEO and California candidate for governor, as its new CEO, forcing aside Leo Apotheker after just 11 months on the job.
Hewlett-Packard has named Meg Whitman, the former eBay CEO and California candidate for governor, as its new CEO, pushing aside Leo Apotheker after just 11 months on the job.
After a leaked memo from the CEO Leo Apotheker warned of a rough path ahead, Hewlett-Packard Co. cut its full-year outlook Tuesday, citing a trifecta of woes that include the earthquake in Japan, soft PC sales and weakening performance in its crucial tech services business.
Two big questions surrounding the first few weeks of Leo Apotheker's time as Hewlett-Packard Co.'s new CEO were answered Monday, when the company reported its fiscal fourth-quarter earnings.
Hewlett-Packard Co.'s board upset many investors when it forced out Mark Hurd as CEO nearly two months ago. Now, those directors appear to have baffled Wall Street with its selection of HP's new leader _ Leo Apotheker, who lost his job running German business software maker SAP earlier this year after he didn't live up to expectations.
"HP has such a broad portfolio of products that I don't think there is a single human being on the planet that would know them all and be an expert in all of them," Apotheker said.
In a Thursday interview, Apotheker said he would start off with a "listening tour" and rely heavily on HP's current management team to help him get a better handle on a company that employees more than 300,000 people.