Hewlett-Packard Co. has won investors' approval for its deep boardroom makeover in the wake of the company's CEO scandal. Meanwhile, it has waded into a fresh round of sniping with Oracle Corp., a public bickering that adds a new dimension to the longtime partners' newfound antagonism.
That HP would be at the center of two Silicon Valley controversies on the same day isn't surprising considering the tumult that has engulfed the company lately.
The decision by shareholders to approve the 13 directors that HP put up for election is a big step toward HP moving beyond the scandal over the ouster of CEO Mark Hurd in August.
Hurd was forced out after an investigation into allegations of sexual harassment. The investigation didn't turn up evidence of harassment, but did uncover inaccurate expense reports that Hurd submitted for outings with his accuser. Hurd maintains that he didn't prepare his own expense reports, and didn't leave the woman's name off intentionally. The two have said they didn't have a sexual relationship, and have reached a confidential settlement.
For HP, the world's biggest technology company by revenue, the boardroom makeover that followed was also plagued with controversy.
In January, HP announced that it was replacing a third of its board as the company tried to shake off the scandal. Four directors who had been particularly vocal in the debate over Hurd's ouster were leaving the board, and five new directors were coming in. Some corporate governance experts expressed fears that Hurd's replacement, new HP CEO Leo Apotheker, played too big of a role in picking the new directors, and called for investors to punish some sitting board members by withholding their votes for allowing it to happen. HP has said that its board acted properly.
Despite the dispute, HP said Wednesday at its annual shareholder meet
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