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HP Still Thinks Humiliating $11b Autonomy Purchase Was A Decent Buy

The man who engineered HP’s disastrous $US11.1 billion purchase of Autonomy — a company whose accounting improprieties just cost the laptop behemoth a whopping $US9 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 revelations?

Exiting HP CEO To Get $10 Million Severance

Former CEO Leo Apotheker is leaving his HP with a very generous severance package that includes $US7.2 million in cash and a $US2.4 million annual bonus. The company is also paying to move Apotheker back to France.

HP Charts The Same Goofy Course With Whitman At The Helm

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.


All Things D reports that apparently HP CEO Léo Apotheker will be ousted today, and former eBay CEO/failed gubernatorial candidate Meg Whitman will take his place. Because when your house is on fire, your first call should be to an arsonist.

HP's Board Hired Its Failed CEO Without Even Meeting Him

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.

Really, HP? You're Going To Fire Your CEO Now?

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.

HP's CEO Seems A Tad Overconfident

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.

Oracle CEO Ridicules HP's Newly Appointed CEO

Oracle CEO Lawrence Ellison has blasted HP for ousting former CEO Mark Hurd already, and now he’s mocking the company a bit more. He thinks its entire board is insane for appointing Leo Apotheker as its new CEO:

Léo Apotheker Appointed HP's New CEO, President

HP has named Léo Apotheker as its next Chief Executive Officer and President, effective November 1. Apotheker was previously the CEO of SAP, the world’s largest business software applications corporation.

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