Wednesday, September 21, 2011
Meg Whitman
share jumped Wednesday after the announcement that the board of technology company is mulling the elimination of CEO Leo Apotheker, who has been on the job in less than two year.Citing anonymous people "familiar with the matter," Bloomberg reported Wednesday that the board of HP plans to hold a meeting to discuss getting rid of Leo Apotheker, 58
The CEO began on November 1 HP after HP ousted former CEO, Mark Hurd, after an ethical scandal. Since the arrival of Leo Apotheker, however, HP shares fell, continuing a decline that began with the departure of Hurd.
One source said it is possible that Apotheker be replaced - at least temporarily - with Meg Whitman, former CEO of online marketplace eBay Inc., Whitman joined the Board of Directors of HP in January.
If Apotheker has been asked to leave the HP would be the second time it was thrown out of place as CEO. He left his former employer, the German enterprise software maker SAP AG, in less than two years as chief executive in the midst of the revolt of the client beyond the peak in prices and a growing dissatisfaction with the employee.
Michael Thacker HP spokesman said the company, based in Palo Alto, California, does not comment on rumors or speculation.
Part of HP rose $ 2.27, or 10 percent, to $ 24.74 in trading in the afternoon. In the past year, the stock traded from $ 22.13 to $ 49.39.
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