Monday, January 24, 2011

HP board of directors major reshuffle

 According to Xinhua News Agency, San Francisco, January 22 - 20, HP announced a major adjustment of the composition of the Board. Analysts believe that this shows that the resignation of former HP CEO Mark Hurd, the shock caused by reverberations.

the day HP released news that the 4 existing members of the Board of Directors will withdraw general meeting of shareholders to participate in HP's Board of Directors will be held in March general elections. At the same time, HP's board has also appointed five new members, including the million beta (eBay) former CEO Meg Whitman, who will participate in the 5 general election. After the election, the number of HP board members who will be the last 12 to 13 people.

some analysts view, HP breath replace four board members is an unusual move. The U.S. media quoted sources as saying, leaving four people had at least 2 directors expressed support for Hart. Last August, Hart was involved in a sexual harassment allegations because the investigation resigned from the Hewlett-Packard Chief Executive Officer. After some shareholders to Hewlett-Packard launched a lawsuit alleging that the Board of Directors approved the total amount paid to Hart more than 3,000 million dollars in severance pay is a waste of company money. HP has said that Hart would leave to start new investigations related to the situation.

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