The New York Times & other publications are reporting that HP is about to fire CEO Leo Apotheker. This coming soon after the decision to either sell or spin off the corporations PC business. That in itself was a debacle when it became clear no one was willing to spend the money to acquire the division & it looked like a horrible idea to begin with. Much like Netflix's splitting the DVD & streaming business looks like a disaster.
What this really looks like is a legacy company that has lost it's way. Three CEO's in a year? This is the same company that discontinued it's tablet very quickly, then proceeded to sell it at a loss just to get rid of it. Is it the board? After all, they hired Carly Fiorina who almost destroyed the company with the decision to buy Compaq. It's known that some of the Packard children hate the way the company is being run.
This is sad. I'm writing this post on a year old HP desktop. Not their top of the line machine, but it has never given me an issue. This is my second HP, no problem with the first either. But there have been a number of problems over the years. Like impersonating people to get financial records. That happened in 2006. Hiring a CEO who had no experience in HP's line of business (Apotheker).
I did see one amusing statement in all the stories about this. A Harvard Business School professor said the board is "caught in this infinite loop". Infinite Loop is the street address of Apple, a much better run company. How ironic.
What this really looks like is a legacy company that has lost it's way. Three CEO's in a year? This is the same company that discontinued it's tablet very quickly, then proceeded to sell it at a loss just to get rid of it. Is it the board? After all, they hired Carly Fiorina who almost destroyed the company with the decision to buy Compaq. It's known that some of the Packard children hate the way the company is being run.
This is sad. I'm writing this post on a year old HP desktop. Not their top of the line machine, but it has never given me an issue. This is my second HP, no problem with the first either. But there have been a number of problems over the years. Like impersonating people to get financial records. That happened in 2006. Hiring a CEO who had no experience in HP's line of business (Apotheker).
I did see one amusing statement in all the stories about this. A Harvard Business School professor said the board is "caught in this infinite loop". Infinite Loop is the street address of Apple, a much better run company. How ironic.
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