Hewlett-Packard New CEO Unwinds Apotheker’s Criticized Moves
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Hewlett-Packard Co. Chief Executive Officer Meg Whitman, by abandoning a proposal to spin off the company’s market-leading personal-computer unit, took a step toward unwinding the moves that led to her predecessor’s ouster.
In her first major decision since taking over on Sept. 22, Whitman backed away from a proposition made by Leo Apotheker a month before he was fired. She said in an interview she may also resurrect a push into tablet computers, an effort that languished under the former CEO, and in another break with the past, Whitman is sharing management with Chairman Ray Lane.