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News: HP Fires CEO Leo Apotheker
      #41371 - 09/23/11 12:08 AM

Following a series of controversial decisions, Hewlett Packard has confirmed rumors that it has fired CEO Leo Apotheker after just 11 months on the job.

As expected, Meg Whitman has been named the new CEO and president of HP, and Ray Lane has been promoted to executive chairman.

In recent months, HP announced plans to discontinue all webOS devices and possibly get out of the PC business too, leading to over 500 layoffs for the company. However, despite the unpopularity of these decisions, Whitman says that, although she will reconsider these actions, she stands behind them for the time being.


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