Could webOS be saved after all? Possibly not, but at the very least, there may be a fresh set of eyes at CEO, if reports from multiple sources on Wednesday pan out. Leo Apotheker may be on the way out, to be possibly replaced by current HP director and former eBay CEO Meg Whitman.
AllThingsD said, "a significant contingent on the board is keen to remove Apotheker after what some directors consider a series of management mishaps." Lending credence to that rumor is a separate report from Bloomberg, which said, that HP "is considering replacing Chief Executive Officer Leo Apotheker," possibly with Whitman, though Whitman may only be an interim CEO, due to her lack of enterprise experience.
Investors seemed to like the idea, as HP stock rose $1.51 to $23.98 (+6.72% percent). Prior to today, HP stock had dropped 47 percent during the Apotheker era.
The HP board settled on Apotheker after former CEO Mark Hurd left over sexual harassment allegations. HP later said it found no evidence to support the sexual harassment claim.
It's been said that since Apotheker was never a hardware or gadget guy, and that the moves he's announced already, dumping webOS hardware development, and possibly spinning off the PC division, all make sense when viewed from that point of view.
Don't expect any major changes in HP direction, even if Apotheker is replaced. Jayson Noland, an analyst at Robert W. Baird & Co. in San Francisco said that HP's board and shareholders are "mostly looking for a surer hand." Baird said,
“The board is directionally behind the plan Apotheker’s put in place. It’s just the execution of that plan that has investors wound up.”
Good jockeys will do well on good horses, but not on broken-down nags. Both Berkshire's textile business and Hochschild Kohn had able and honest people running them. The same Interim Management Provider employed in a business with good economic characteristics would have achieved fine records. But they were never going to make any progress while running in quicksand. I've said many times that when a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
Hi, Admin Cheers for the great post, we are one of the best בניית אתרים בזול in the world, providing excellent quality and reliable design. try us then you will let know our outstanding work.
3 comments:
Good jockeys will do well on good horses, but not on broken-down nags. Both Berkshire's textile business and Hochschild Kohn had able and honest people running them. The same Interim Management Provider employed in a business with good economic characteristics would have achieved fine records. But they were never going to make any progress while running in quicksand. I've said many times that when a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
Hi, Admin Cheers for the great post, we are one of the best בניית אתרים בזול in the world, providing excellent quality and reliable design. try us then you will let know our outstanding work.
Post a Comment