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HP Woes Include CEO Succession Crisis

Computer makers board considers firing Apotheker; stock off 47% on his watch.

By Ari Levy, Danielle Kucera, Bloomberg | Updated on September 22, 2011

Hewlett-Packard Co., weighing the ouster of Chief Executive Officer Leo Apotheker, may struggle to find a new leader who can revive the ailing computer maker after 11 months of strategy shifts and slashed forecasts.

Hewlett-Packard’s board plans to consider firing Apotheker, two people familiar with the matter said yesterday. It may appoint former EBay Inc. CEO Meg Whitman, a Hewlett-Packard director, to serve as an interim leader, said one of the people. The stock had plunged 47 percent on his watch as of Sept. 20, the worst performance in the Dow Jones Industrial Average.

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