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Bloomberg: HP may fire their CEO

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Nothing’s going right for HP at the moment. The latest report by Bloomberg claims that HP might replace Leo Apotheker as their CEO. The Board is weighing in the options and even might replace Apotheker with Meg Whitman, who is the ex-CEO of eBay Inc.

The Board reckons Apotheker not fit for the CEO job as since his arrival, HP has cut its forecasts three times, shelved its promising webOS and bought Autonomy Corp. for $10.3 billion for a better future in the high margin enterprise sector.

This news is obviously unconfirmed but investors are responding positively to the news. HP’s share price has eroded by 47 percent since Apotheker became the CEO.

[Via Bloomberg]

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