Whitman, who is an experienced digital exec, has a daunting task before her, as HP seeks to right itself after a series of strategic gaffes, disappointing financial results and, worst of all perhaps, a stock that has dropped 47 percent since Apotheker has been in charge.
The board of HP, which has had its own series of blunders in recent years, is hoping Whitman can help turn that around, especially as its competitors — such as Oracle, IBM and others — increase the pressure. ( meg whiteman biography )
HP has been in the news for all the wrong reasons this year. First of all, its board fired its CEO Mark Hurd over a sexual harassment scandal, which turned out to be something trivial. That was a huge mistake on the part of HP’s board, because Mark Hurd was probably one of the best CEOs HP could have had, and firing him made the stock tank.
After that it poached Leo Apotheker from SAP, who in an attempt to revitalize HP, announced that HP would be spinning off its PC business and would try to become a software company with the $10 billion acquisition of Autonomy, which by many analyst estimates, was overpriced.
HP has struggled since Apotheker took over just 11 months ago. Dropping sales forecasts and shifts in strategy have left many shareholders with doubts about his capabilities. The company’s stock price has dropped 47 percent while he’s occupied the CEO’s office.
He’s sure to get a paltry severance package. Greenberg figures Apotheker will leave with:
* At least $9.4 million, including his relocation benefits and signing bonuses.
* Severance of $2.4 million
* Average bonus received while at HP, paid over 18 months
* His stock grants, without strings
Meg Whiteman biography :
Meg Whitman Profile Biography – Biographyzone.com. Margaret C. Whitman (born August 4, 1956 in Long Island) is an American businesswoman who was the CEO of online auction site eBay from 1998 to 2008. She has supported and campaigned for Governor Mitt Romney and after its withdrawal, for John McCain during the U.S. presidential election of 2008. In February 2009, she announced her candidacy for governor of California to the Republican Party.
Meg Whitman was born into a wealthy family on Long Island in New York. Third and last child of the family, his father is a financial investor and his mother a homemaker. After a brilliant school, she studied at Princeton University.
In 1978, she graduated with an MBA at Harvard. On campus, she met Griffith Harsh, future neurosurgeon who became her husband and son gave him two.
Meg Whitman Career
In 1979, she joined Procter & Gamble and in 1981, she joined the consulting firm Bain in San Francisco. She became vice president before joining the group in 1989 when Walt Disney, vice president of marketing, it is dedicated to developing products.
In 1992, following the appointment of her husband at the Massachusetts Hospital in Boston, Meg Whitman took over the Stride Rite Group in Boston. In 1995 she became head of the group Florists Transworld Delivery (FTD), the largest producer in the world of floral products. She took the opportunity to launch an online sales site intended for U.S. florists.
In 1997 she became head of the division of preschool toy manufacturer Hasbro. It is called in 1998 by Pierre Omidyar, the founder of eBay, to lead his company in California. The eBay does not count as 30 employees and was established in the territory of the United States. Since, under the direction of Meg Whitman, eBay has become a multinational, employing over 11,000 people worldwide.
On the sidelines of the Presidency of eBay, she participated in the Steering Committee for Procter & Gamble and DreamWorks Animation.
Meg Whitman Picture
In 2004 she was crowned “the first business woman in the world” by U.S. magazine Fortune. She then precedes Carly Fiorina, boss of Hewlett-Packard from 2000 to 2005, Andrea Jung, president of the firm Avon. This title then reward the work of Meg Whitman to be able to make eBay “the most important e-commerce site of the world’s most valued brands and Internet company with the fastest growth in history.”
According to Forbes magazine, Whitman was at the head of an estate estimated at least $ 1.3 billion in 2007.
Meg Whitman Political Activities
During the presidential campaign of 2008, she supports Mitt Romney before, after the withdrawal of the latter, joining the national leadership of the campaign team of John McCain. His name was then mentioned alongside those of Mitt Romney, former Governor Tom Ridge and Governor Tim Pawlenty as a possible running mates for John McCain.
She made a speech at the Republican National Convention, describing what McCain would do in the first hundred days of his presidency. McCain mentioned Whitman as a possible treasury secretary during his second debate with Obama.
On February 9, 2009, she announced her candidacy for the governorship of California whose election is held in November 2010, to succeed Arnold Schwarzenegger who can not stand after two terms. It was defeated by Democrat Jerry Brown who gets 49% of the votes against 46% for the Republican candidate.
( meg whiteman biography ). She spent more than $ 140 million of his own pocket, and a total of 180 million, or $ 57 for each of the 3 million votes she received. This is a record, exceeding Whitman, among the defeated, the 47 million spent by Linda McMahon or 4 to 5 million spent by Carly Fiorina and John Raes. It is considered a centrist Republican, in favor of abortion rights which .......
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