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Bloomberg: HP Board Said to Weigh Replacing Apotheker as CEO With Meg Whitman; Shares Soar

| September 21, 2011
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Report from Bloomberg here

Hewlett-Packard Co. (HPQ)’s board plans to meet to consider whether to oust Leo Apotheker as chief executive officer after less than 11 months on the job, two people familiar with the matter said.

Under a scenario being considered, Hewlett-Packard’s directors may appoint former EBay Inc. (EBAY) CEO Meg Whitman as his successor, possibly on an interim basis, said one of the people, who asked not to be named because the plans aren’t public. Full story

And in a vote of non-confidence from the market, HP shares spiked over seven percent when the news broke. Check out this chart….

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Category: Economy, Technology

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  • http://www.blogdeculturismo.com/ culturismo

    Meg Whitman is an Old School CEO. She is at HP to steady the Ship and make the stock markets and big customers feel better about HP.

    HP is like a battleship powerful but slow to turn and Capt. Whitman will make small changes to HP and not large ones.

    The one thing is for sure…alll the bold consumer stuff is over.

    HP needs to be more like IBM and less like Apple.