HP Executive Chairman Ray Lane said the board had to make a leadership change because the company habitually missed financial targets, botched communications, lost credibility with Wall Street, and couldn't rally HP's 320,000 employees.
While much of HP's conference call today to introduce Meg Whitman as CEO revolved around her capabilities, a lot of Lane's time was spent explaining why former CEO Leo Apotheker had to go. Lane went through a series of explanations. Here's a look at why Lane and the board arrived at the Apotheker decision.
Apotheker couldn't run a large company. Lane said:… Read more