The man who engineered HP's disastrous $11.1 billion purchase of Autonomy—a company whose accounting improprieties just cost the laptop behemoth a whopping $9 billion—is Léo Apotheker. So what does the man who let an acquisition of this size go through without proper due diligence think about the deal after today's…
Former CEO Leo Apotheker is leaving his HP with a very generous severance package that includes a $7.2 million payment and a $2.4 million annual bonus. The company is also paying to move Apotheker back to France or Belgium.
So here's what you need to know about why HP fired CEO Leo Apotheker: it's not because of the choices he made, it's how he executed them. So TouchPad is still dead. PCs are still being shunned. And round and round and round we go.
Yesterday I argued that HP's board would be rash to fire embattled CEO Léo Apotheker at this point in the game, since surely they knew what they were getting when they hired him. Oops! Joke's on me. Most of them had never even met him.
Bloomberg reports that the HP board is going to meet soon to decide whether or not to fire CEO Léo Apotheker. And I don't see how that makes matters anything but worse.
During a Q&A session, HP CEO Léo Apotheker seemed confident in his company's direction into cloud computing and the tablet market. Saying, "R&D is not just measured in dollars," Apotheker basically defended HP's slimmer budget since former CEO Mark Hurd famously cut it down. Still, is there really so much to be proud…
HP has named Léo Apotheker as its next Chief Executive Officer and President, effective November 1st. Apotheker was previously the CEO of SAP, the world's largest business software applications corporation.