HP Board Mulls Firing New CEO

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A First For Home Shopping Network: Selling An Online Storage Product. Guess Which One!

Rumor has it that HP isn’t quite happy with Leo Apotheker’s plans for the company and that he may be fired less than a year after taking the job.

As you’ll recall, Apotheker’s background is in SAP and massive business apps and, because when you have a hammer everything looks like a nail, he figured HP could make all sorts of cash selling the same software to businesses while killing and spinning off various parts of their hardware business.

As Dan Frommer writes:

Looks like not everyone is thrilled about the whole “dump the world’s biggest PC business and try to become an enterprise software company” approach.

According to Bloomberg, eBay CEO Meg Whitman is in the running for the position. HP’s stock has dropped by nearly half since Apotheker came to power, from $42 to $22 and the investors expressed “near universal opposition” to his acquisition of Autonomy Corp., an information management company.