Hewlett-Packard's former CEOs did not invest enough, gutting innovation at the world's largest PC maker, according to a Reuters interview with chairman Ray Lane.
HP's current CEO Leo Apotheker is paying for those mistakes, said Lane in the interview published yesterday.
"Mark Hurd did not invest," said Lane. "He burned the furniture to please Wall Street." The "serial cost-cutting" began with former CEO Carly Fiorina and continued with Mark Hurd, who succeeded Fiorina. This should change under Apotheker, according to Lane. "Leo is not that," Lane said, adding that … Read more