HP rebuffs attempt to oust 2 directors from board

March 20, 2013

(AP)—Hewlett-Packard Co. has barely rebuffed a shareholder rebellion aimed at ousting the two longest-serving directors from its board.

John Hammergren and G. Kennedy Thompson both were re-elected by unusually narrow margins Wednesday during 'S annual meeting.

Hammergren received support from nearly 54 percent of the ballots cast. Thompson was backed on 55 percent of the ballots.

The results are preliminary.

Nine other HP directors were also re-elected. All but two of those other directors received at least 80 percent of the votes.

Shareholders exasperated with a series of botched HP targeted Hammergren and Thompson because of their lengthy tenures and their involvement with committees that had oversight over the deals.

The soured acquisitions are a key reason why HP's stock is worth half what it was three years ago.

Explore further: HP's board purge cleared but pay packages scolded

0 shares

Related Stories

HP extends offer for Autonomy

September 13, 2011

US computer giant Hewlett-Packard said on Tuesday it is extending its $10.24 billion offer for Autonomy as it seeks to bring more shareholders of the British software company on board.

HP shares up on CEO ouster reports

September 21, 2011

Hewlett-Packard shares surged on Wall Street on Wednesday amid reports that chief executive Leo Apotheker, hired less than a year ago, could be on his way out.

HP to face testy shareholders at annual meeting

March 20, 2013

Hewlett-Packard Co.'s annual meeting will give shareholders an opportunity to vent their frustration over the personal computer maker's botched acquisitions and other follies that have been plaguing the Silicon Valley pioneer ...

Recommended for you

Interactive tool lifts veil on the cost of nuclear energy

August 24, 2015

Despite the ever-changing landscape of energy economics, subject to the influence of new technologies and geopolitics, a new tool promises to root discussions about the cost of nuclear energy in hard evidence rather than ...

Smart home heating and cooling

August 28, 2015

Smart temperature-control devices—such as thermostats that learn and adjust to pre-programmed temperatures—are poised to increase comfort and save energy in homes.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.