HP’s board of directors are making the decision today whether to keep their new CEO Leo Apotecker. According to a source close to HP the word is by this afternoon it will be official Leo will be gone. Kara Swisher is reporting the same so I feel like it will happen.
The entire Leo thing has me in a weird state. At HP Discover I really thought he might be the guy with the software focus and all. However, after how he’s handled HP in the past six months I have my doubts that he can pull it off. The public opinion is against him and probably the internal opinion. Most notably the value destruction Leo caused is too massive to unwind.
HP is a great company with a technology history that is second to none. HP is also doing well. So having a new interim CEO is a good move. HP would be best served to have Meg Whitman be interim not permanent. If she performs then she should get the nod. HP needs options for leadership so interim is best.
This reminds me of the Rain Man scene where Dustin Hoffman plays the brilliant but autism brother of Tom Cruise.
Leo might be an excellent driver but the board may decide he isn’t today.
Best of Rain Man