Kara Swisher

Recent Posts by Kara Swisher

HP Shares Soar on Apotheker Ouster Possibility by Board

Wall Street loves a CEO firing, it seems — or, at least the possibility of one, which is the situation at Hewlett-Packard.

As AllThingsD reported earlier today, the tech giant’s board is meeting today to discuss replacing CEO Léo Apotheker with another director and former eBay exec Meg Whitman.

Shares are up over nine percent now, after spiking at 11 percent. That would be up $2.04 to $24.51.

It is a big shift from the past year. Due to worries about its long-term strategy, HP’s stock has plummeted almost 43 percent in the 11 months since Apotheker was appointed. By comparison, rival Oracle’s shares are up more than three percent in the same period, and Apple stock has risen more than 50 percent.

While the situation is in flux, investors seem clear in their assessment that Apotheker should go.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald