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Wow. What is going on there? At first I thought Apotheker was hired to complete some "unpopular" tasks, and then a new CEO could start over. But it seems like t

by mrich 15y ago

Wow. What is going on there? At first I thought Apotheker was hired to complete some "unpopular" tasks, and then a new CEO could start over. But it seems like the board was completely asleep while Apotheker made his decisions. I am looking forward to some massive lawsuits brought against these people. Apotheker probably was the most clever guy in this, and knew that he could make a quick 20 million even though he would be fired. Would be interested in insights from HP employees.

sliverstorm 15y ago
I suddenly find myself wondering if someone wanted the stock price to crater, to make a takeover or mega-buy-in cheaper.
- pedalpete 15y ago
  Interesting theory, and with the history of this HP board, this is actually a very minor possibility. http://en.wikipedia.org/wiki/Hewlett-Packard_spying_scandal http://en.wikipedia.org/wiki/Hewlett-Packard_spying_scandal You've made me wonder if the quality of the algorithms used for trading make it near impossible for the SEC to track these sort of criminal activities.
thefreehunter 15y ago
Lawsuits for what?
- bluedanieru 15y ago
  For not performing due diligence when discussing the company's strategy with the new CEO, leading to about two years of fucking around (after a decade of fucking around) and cratering the company's value to the shareholders.
  - kb101 15y ago
    Unfortunately, the board is close to dysfunctional. http://www.reuters.com/article/2011/09/22/us-hp-board-insight-idUSTRE78L4M020110922 http://www.reuters.com/article/2011/09/22/us-hp-board-insigh... http://www.nytimes.com/2011/09/22/business/voting-to-hire-a-chief-without-meeting-him.html http://www.nytimes.com/2011/09/22/business/voting-to-hire-a-...