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