New CEOs come in they want to remove any threats to their power. In an old company like HP this involves shutting down the divisions that have been there a long time. That's why the calculator division was shut down at HP years ago, it got rid of all the old guys who had been there forever and knew everyone.
It was the same thing with Leo. If he had got away with getting rid of all the hardware divisions no one could have challenged him.
One thing that people have to remember is that these guys have nothing to lose. Leo had already won the lottery, he got 25 million no matter what he did. The only motivation remanding to him was power. He made his bid for absolute power, it failed, so now he has to spend his life on his yacht.
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