HP Board of Directors – Dumb?

Leo Apotheker Named New HP CEO

 

 

Ray Lane –

non-executive chairman. 

http://cc.bingj.com/cache.aspx?q=Ray+Lane+-+kleiner+perkins&d=5024579292235436&mkt=en-US&setlang=en-US&w=409143d1,b316d2edhttp://www.huffingtonpost.com/2010/09/30/leo-apotheker-named-new-h_n_745833.html

…. The initial response to Apotheker’s appointment was icy. HP shares fell $1.21, or nearly 3 percent, in extended trading after finishing Thursday’s regular session at $42.07, down 46 cents.

Apotheker, a 57-year-old German, spent most of his career at business software maker SAP AG before being promoted to CEO in April 2008. He lasted less than two years in the position. SAP decided not to renew his contract when it expired nearly eight months ago, largely because SAP’s financial performance faltered …

“SAP’s customer relationships suffered badly and so did employee morale while (Apotheker) was there, so this is a bit of an odd choice by HP,” … SAP pretty much fired Apotheker …

The decision to give Apotheker another shot at being a CEO may renew questions about the competency of HP’s board …

 

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One Response to “HP Board of Directors – Dumb?”

  1. worzzz Says:

    Leo Apotheker Named New HP CEO

    …. The initial response to Apotheker’s appointment was icy. HP shares fell $1.21, or nearly 3 percent, in extended trading after finishing Thursday’s regular session at $42.07, down 46 cents.

    Apotheker, a 57-year-old German, spent most of his career at business software maker SAP AG before being promoted to CEO in April 2008. He lasted less than two years in the position. SAP decided not to renew his contract when it expired nearly eight months ago, largely because SAP’s financial performance faltered …

    “SAP’s customer relationships suffered badly and so did employee morale while (Apotheker) was there, so this is a bit of an odd choice by HP,” … SAP pretty much fired Apotheker …

    The decision to give Apotheker another shot at being a CEO may renew questions about the competency of HP’s board …

    http://www.huffingtonpost.com/2010/09/30/leo-apotheker-named-new-h_n_745833.html

    Ray Lane – non-executive chairman.

    http://cc.bingj.com/cache.aspx?q=Ray+Lane+-+kleiner+perkins&d=5024579292235436&mkt=en-US&setlang=en-US&w=409143d1,b316d2ed

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