updated 11:20 am EDT, Mon August 22, 2011
HP may take big PC blow with exec VP Bradley
A rumor Monday suggested HP could face another serious hit to its PC business beyond the possible spinoff. Its executive VP for the Personal Systems Group, Todd Bradley, has reportedly been interviewing for "every CEO job he can." The maneuver is believed by BGR to represent Bradley's frustration with being passed over for HP's CEO in favor of the outsider Leo Apotheker.
The sources added that Bradley supposedly hadn't been recruited due to "somewhat excessive" personal conditions on his hiring. What those might be weren't given, nor was whether he already had these at HP.
With that in mind, the executive may still be loyal enough to negotiate one last major deal. He is supposedly aiming for an "incredibly large" deal that could eclipse the $10 billion buyout of Autonomy this summer. Its details are a mystery, although it's not expected to be the spinoff. Bradley helped orchestrate the buyout of Palm and, while ultimately a failure, beat out other major companies in getting the deal.
A departure by Bradley could be dangerous for HP's PCs. Much of its lead in PC sales has been under Bradley's leadership and might change direction under a new leader. If he leaves before a spinoff, it could leave either a separate or sold-off company without its central management.