5 Short-Lived CEO Stints

Yet despite quick tenures, several execs still made a pretty penny

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5 Short-Lived CEO Stints

Leo Apotheker

HPQ1 5 Short Lived CEO StintsCompany: Hewlett-Packard
Tenure: 10 months

When it comes to short-lived leaders, Hewlett-Packard (HPQ) handily takes the prize. Current CEO Meg Whitman is the company’s sixth leader since 2005.

So the fate of once-CEO Leo Apotheker wasn’t anything unique — just shorter than usual. Other goners included Carly Fiorina and Mark Hurd, but each served at least five years at the top, with interim leaders sprinkled in between.

Meanwhile, Leo Apotheker was hired for the full-time gig in November 2010, then given the boot in September 2011.

Under Apotheker’s misguided hand, Hewlett-Packard stock dropped around 40%, causing HPQ to lose more than $30 billion in market capitalization. Yet Apotheker took home a severance payment worth $7.2 million, shares worth $3.56 million and a performance bonus worth $2.4 million.

Not bad for less than a year’s work.


Article printed from InvestorPlace Media, http://investorplace.com/2013/09/5-sad-short-lived-ceo-stints/.

©2014 InvestorPlace Media, LLC

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