Friday, March 31, 2023

HP to keep PC Business

Hewlett-Packard isn’t going out of the PC business after all. Today, CEO Meg Whitman announced the company would continue to make and sell PCs, reversing a decision made by her predecessor Léo Apotheker in August — a decision that riled investors and employees and led to his ouster in late September. Since the August announcement, HP’s future has been repeatedly questioned, as has the competence of its senior management. The appointment of board member Whitman as CEO added to the criticisms.

After assuming the CEO role, Whitman promised to assess the PC business’s future quickly, to try to end the hand-wringing by employees, shareholders, and the press. A month later, she delivered on that promise.


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