PC business stays, Apotheker leaves
PC business stays, Apotheker leaves

HP's decision to hire former SAP CEO Léo Apotheker to take Mark Hurd's old job raised eyebrows from the start. Apotheker didn't have expertise in the consumer market, which still accounts for a large portion of HP's revenue.

The match didn't sit well with Apotheker either -- towards the end of his tenure, he announced that HP would spin off its PC division entirely. On top of that, phone and TouchPad sales were flagging.

This didn't work for HP's board, which asked Apotheker to leave in September and brought in board member Meg Whitman, former CEO of eBay and survivor of an unsuccessful run for California governor. As soon as the doors at HP's offices stop revolving, we'll see what she can do.

By Shelley DuBois, writer-reporter @FortuneMagazine - Last updated December 29 2011: 9:52 AM ET
Join the Conversation
Fortune 500: Top-performing stocks of 2011

It's been a hot and cold year for the stock market, but these Fortune 500 companies managed to float to the top with impressive gains.

Most Popular

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.