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SHUFFLE HP Board Debates Ousting CEO: Report AP Photo

HP Board Debates Ousting CEO: Report

Can anyone keep this job? Hewlett-Packard’s board is debating whether to oust CEO Leo Apotheker after just 11 months on the job, sources tell Bloomberg. Apotheker was brought on to replace Mark Hurd, who left amid a scandal over his relationship with a company contractor. The board would replace Apotheker with Meg Whitman, the former CEO of eBay, who joined Hewlett-Packard’s board after failing in her campaign to become governor of California last year. Hewlett-Packard’s stock has dropped 47 percent during Apotheker’s tenure, as the company lost consumers to Apple and Apotheker tried repeatedly to focus the company on business software and services.

September 21, 2011 11:59 AM