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Shareholder advisory firm ISS opposes the re-election of H-P (HPQ +2.6%) chairman Ray Lane and...

Shareholder advisory firm ISS opposes the re-election of H-P (HPQ +2.6%) chairman Ray Lane and directors John Hammergren (CEO of McKesson) and G. Kennedy Thompson (former CEO of Wachovia) at the IT giant's March 20 annual meeting, citing their role in the Autonomy debacle. Major shareholder CtW Investment previously called for the removal of the 3 board members, but backed off calling for Lane's ouster following a meeting.
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Comments (3)
  • Derek A. Barrett
    , contributor
    Comments (3534) | Send Message
     
    "Despite having unanimously approved the Autonomy deal, the board continues to try to sweep the debacle under the rug by blaming the mess on a previous CEO it appointed. The Board must hold itself accountable, especially those directors who most clearly failed investors."

     

    Standing ovation
    5 Mar 2013, 01:01 PM Reply Like
  • Runningen
    , contributor
    Comments (50) | Send Message
     
    I agree that some heads need to roll and these look like 3 good choices.
    5 Mar 2013, 01:03 PM Reply Like
  • thatsthetruthofit
    , contributor
    Comments (89) | Send Message
     
    Shareholder advisory firm ISS (never heard of them) must not be paying attention to the progress the HP Board and Executive Management have made in the past year. There has been a massive shift in momentum at HP.
    5 Mar 2013, 01:50 PM Reply Like
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