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?
Tagged With léo apotheker
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.