H-P Set to Name Whitman CEO

[alp227]

Source: The Wall Street Journal

Hewlett-Packard Co.'s board is expected to oust Chief Executive Leo Apotheker and replace him with former eBay Inc. CEO Meg Whitman on Thursday, according to a person briefed on the matter.

The technology company's board was set to meet again Thursday morning, according to people familiar with the matter. An official announcement was likely Thursday afternoon, said one of these people.

After about a week of informal discussions regarding Mr. Apotheker, H-P's board convened its regularly-scheduled meeting Wednesday. Thursday's session was also previously scheduled, said one of these people.

Ms. Whitman, who joined H-P's board earlier this year, served as eBay's CEO until 2008. The 55-year-old ran unsuccessfully last year as a Republican candidate for governor of California.

Read more: http://online.wsj.com/article/SB10001424053111903703604576586753827390510.html

[CatholicEdHead]

1. Is this because HP dumped their computer wing?

To go all IT services?

[Octafish]

2. Very bad business decision.

Right off the bat, she alienates the majority of Americans who would never vote for her based on her politics.

A similar majority will now likely avoid buying anything from HP (apart from the darn ink cartridges).

[YvonneCa]

6. Raising my hand...

...here. SO GLAD she did not become governor here in California. :)

[SoapBox]

19. Super Duper Ditto! Can you even imagine the disaster that her election would have brought?

Talk about dodging the NutMeg Bullet!

Too bad HP is not going to be so lucky...Make the death of HP quick NutMeg...we know you can do it!

[wilt the stilt]

10. great refill kit

inkjetcartridges.com works great for HP

[Selatius]

3. I fear she will damage HP like Carly Fiorina did when they put her in charge of HP.

HP used to be a good company.

[fredamae]

4. Then I'm done w/HP. n/t

[Me.]

5. Death Knell

[ChairmanAgnostic]

7. OMG. It's like watching the Titanic decide that they need

more ice for their liquor.

[Me.]

20. !

[Plucketeer]

8. A HEADS UP to HP employees!

Ms. Cutsalot is taking the helm of your ship. Time to dust off your resumes! :crazy:

[Blue_Tires]

9. I guess I should have applied for the position since they'll hire ANYBODY...

[No Elephants]

11. Fiorina, now Whitman? Some companies never learn.

[stormpilot]

12. Good luck going down the drain HP!

[Kolesar]

13. The history of HP will be climaxed by Fiorino and closed by Meg Whitman

Someday HP will only be a story on Wikipedia. They will probably end up getting bought out by some company from India.

[The Second Stone]

14. I guess I'm different, I hope Whitman can turn it around

HP is in serious trouble and has been since they abandoned the principles of their founders. Lots of jobs depend on this. I think she would have made an awful governor, but as much as I dislike her politics, I've had friends that have recently been laid off from HP. They all sold their stock, but HP getting worse would not be good for the economy.

[avaistheone1]

15. wHAt makes you think that?

Ebay was in bad shape when Whitman left it!

[Lost-in-FL]

16. How many jobs will be lost after she is appointed? nt

[wilt the stilt]

17. I am in the tech world

and I am very knowledgeable of the companies mentioned. I like HP hardware and I know IBM global services( I did deals with them when it was ISSC) and HP,EDS and autonomy. What HP is trying to do(I just met someone from HP(EDS person)). HP is trying to compete with IBM. IBM owns their accounts. they have people sitting in HQ of the companies they"service". When they need a solution they pull it out of their mediocre software solutions. Companies buy it because IBM will make it work.

HP sees the writing on the wall. They overpaid for Autonomy but they see their future.. The want to compete with IBM. Whitman is a loser in this environment and I don't think she understands this world. For chrisskes she ran on online retail company. Whitman is smart but the board is grasping at straws. It's called panic.

[SoapBox]

18. Good Luck with NutMeg!

Oh ya...get ready to FOLD HP!

She will slice, dice and OUTSOURCE to Third World Countries, your remaining work force...Start new and FAILING products...and all at the same time while LINING her own pockets with MILLIONS...and then it will be over for HP.

She's a Corporate Rapist and a slime ball.

[Bluestar]

21. The bitch is ba-a-ack! n/t