HP CEO: Leo Apotheker Completely Lost Control. Break it coming in August: the CEO announced to want to separate the core business of the company from the PC Division. The HP stock crashes in a single day by 20 percent. The tech blog business Insider writes: “Leo Apotheker has completely lost control of HP.”
Leo Apotheker left the SAP top early 2010 after only nine months, he had created deep between itself and its employees, and between the company and the customer. Now seems to repeat history: even when the HP employees are concerned, the shareholders no longer believe in the group. The company is worth as Leo Apotheker took office on the stock exchange only about half as much and has no clear strategy.
Now comes so Meg Whitman, which describes its mission in great words: “This is a chance to assist in the direction of an American icon,” cited New York Times, the former eBay Chief. “We fully hands.”
This is almost an understatement. Whitman must calm anxious employees and shareholders, and bring the finances of the company in order. But above all, she must position themselves quickly to the swing of strategy started by Leo Apotheker. It remains with the departure of the PC Division and focus on the software business?
Whitman’s first expressions indicate the opposite. She said HP hardware will also continue to sell, according to NYT. She characterized her predecessors, however, as Software Manager that believed that software was a faster growing business with higher-margin. That sounds like a clear delineation.