Hewlett-Packard Company has selected Leo Apotheker as its new CEO, following the renowned Mark Hurd. Apotherker has a history at German software company, SAP. However investors worry that he will not have the judgment and charisma to lead HP to successful growth and innovation in the future. They believe that the new CEO is unseasoned.
HPQ stock sold off in today’s trading session. The stock is down $3.8% as the new leadership is not up to par.
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