Activist investors from Carl Icahn to Daniel Loeb and Bill Ackman are ratcheting up their campaigns, increasingly targeting America’s biggest companies and seeking the ouster of chief executive officers.
Hewlett-Packard Co. issued a forecast for fiscal fourth-quarter profit that missed some analysts’ estimates, and Chief Executive Officer Meg Whitman rescinded a projection for growth in fiscal 2014 as ebbing demand for personal computers and lower business spending hamper her turnaround efforts.
Hewlett-Packard Co. Chief Executive Officer Meg Whitman is shaking up her executive ranks again, seeking to accelerate a turnaround by replacing the chiefs of the computer maker’s enterprise group and marketing operation, people with knowledge of the matter said.
Hewlett-Packard Co. added three directors, including former Microsoft Corp. software head Ray Ozzie, as Chief Executive Officer Meg Whitman tries to bolster sales with new technology and services amid a global PC slump.
Hewlett-Packard Co. Chief Executive Officer Meg Whitman is reorganizing the company’s struggling personal-computer business, replacing longtime head Todd Bradley with one of his deputies amid a global PC slump.
Meg Whitman’s strategy for turning around Hewlett-Packard Co. failed to convince investors looking for speedier recovery and more sweeping change at a company struggling in everything from personal computers to technology services. The shares closed yesterday at a 10-year low.