PALO ALTO, Calif.— Hewlett-Packard CEO Meg Whitman is assuming the title of chairman after the departure of interim chairman, Ralph Whitworth, who resigned to deal with health issues. Pat Russo, the former CEO of Alcatel-Lucent, will be HP's lead independent director, the company said. In addition, HP said Alcoa CEO Klaus Kleinfeld is joining the board.
July 15- Hewlett-Packard Co interim chairman and activist investor Ralph Whitworth will step down on Wednesday to focus on his health, the latest top-level departure from the computer maker as it struggles to return to consistent growth.
PALO ALTO, Calif.— Hewlett-Packard's interim chairman, Ralph Whitworth, has resigned from the company's board to concentrate on personal health issues. Whitworth became HP's interim chairman in April 2013 after former chairman Ray Lane stepped down from his post.
June 27- Hewlett-Packard Co and attorneys representing shareholders have agreed to settle litigation over its troubled $11.1 billion acquisition of British software company Autonomy Corp, according to a source familiar with the negotiations.
March 31- Hewlett-Packard Co agreed to pay $57 million to settle a lawsuit that accused the personal computer maker's former management of defrauding shareholders by abandoning a business model it had long touted.
NEW YORK/ SAN FRANCISCO, Feb 5- Two of Hewlett-Packard Co's most powerful executives, until they were sidelined by CEO Meg Whitman, are preparing to leave the company in the coming weeks, several sources say. Todd Bradley and Dave Donatelli have been interviewing for potential jobs for several months, four sources familiar with the situation said.
SAN FRANCISCO, Oct 3- Hewlett-Packard offered a 2013 earnings outlook on Wednesday that underscored slow progress on CEO Meg Whitman's turnaround plan and decelerating technology spending worldwide, sending its shares to a nine-year low.
SAN FRANCISCO, Oct 3- Hewlett-Packard o ffered a 2013 earnings outlook on Thursday that underscored slow progress on CEO Meg Whitman's turnaround plan and decelerating technology spending worldwide, sending its shares to a nine-year low.
SAN FRANCISCO, Oct 3- Hewlett-Packard Chief Executive Meg Whitman on Wednesday blamed unprecedented executive turnover in past years for dragging out the turnaround of the sprawling Silicon Valley computing giant.
A global corporation is no less likely to make questionable executive hiring decisions as the average small business, and CEOs of major corporations have the short tenures on their resumes to prove it.
How much would you pay for advice that turned out to be questionable? Would about $81 million sound unreasonable?
CNBC's Herb Greenberg has the latest details from HP's conference call and reports the company's executive chairman, Ray Lane chose Meg Whitman because she is decisive and a people person.
CNBC's Herb Greenberg has the latest details from Hewlett-Packard's conference call and its "operational execution" problems, and the Fast Money traders weigh in on leaks coming from the HP's board, and what is causing the drastic drop in Morgan Stanley's stock.
James Stewart, The New York Times, discusses the big shakeup expected for HP at today's close, as Meg Whitman is said to replace Leo Apotheker.
The mystery isn’t why Hewlett-Packard is likely to part ways with its chief executive, Léo Apotheker, after just a year in the job. It’s why he was hired in the first place. The New York Times reports.
CNBC's Jonathan Vigliotti reports on a potential shakeup at HP, and a testy moment in the Senate with Google's chairman.
Rob Enderle, Enderle Group, says the leaks coming from HP are driving premature decisions and may be limiting choices for the board. Also, the Fast Money traders weigh in with the play on the stock.
CNBC's Jon Fortt reports that HP's board is meeting today and tomorrow, where Leo Apotheker's performance will be a major topic.
Hewlett-Packard rises on a report that its board is considering replacing its CEO Leo Apotheker with Meg Whitman, reports CNBC's Jon Fortt.
Moody's cuts Bank of America's short term debt, with CNBC's Melissa Francis, and HP may replace its CEO, Leo Apotheker. CNBC's Jon Fort and Peter Misek, Jefferies tech analyst weigh in.