Analysts call for HP board sackings
Autore: Welcome to Fudzilla
Didn’t do their homework
Two leading proxy advisers have told the maker of expensive printer ink HP to fire several directors for their role in the ill-fated 2011 acquisition of Autonomy. On the shopping list of people who will have to go is Chairman Ray Lane.
ISS, which is closely followed by investors seeking guidance on controversial issues, has suggested voting against Lane, a managing partner at high-powered Silicon Valley venture capital firm Kleiner Perkins. They also gave fellow board members John Hammergren and Kennedy Thompson the thumbs-down.
The call for Lane’s sacking marked one of the few “special cases” in which ISS has advised shareholders against re-electing the chairman of the board. The last time it did this was in 2012 when it recommended against Wal-Mart Stores Chairman Robson Walton and other directors for failing to fully investigate allegations of widespread bribery by company officials in Mexico.
In 2009, ISS advised shareholders to vote against re-electing Bank of America Chairman Ken Lewis, following its costly acquisition of Merrill Lynch. Meanwhile Glass Lewis recommended shareholders vote to remove Marc Andreessen and Rajiv Gupta, along with Hammergren and Thompson.
It said that the directors had made inadequate due diligence relating to the acquisition of Autonomy. HP, which acquired the British firm for $ 11.1 billion, took a massive writedown on its value last year.
- Call of Duty Advanced Warfare: nuovo trailer focalizzato sulla Campagna
- Sharks Cove, development board per scrivere software e driver per piattaforme SoC
- Ecco il trailer della campagna di Call of Duty: Advanced Warfare
- Uno dei capi di Sledgehammer Game ha postato una foto sfocatissima del co-op di Call of Duty: Advanced Warfare
- Analisti: Destiny venderà di più di Call of Duty con almeno 15 milioni di copie
- Ex dittatore di Panama fa causa ad Activision per via di Call of Duty
- L’ex-dittatore di Panama, Manuel Noriega, fa causa ad Activision per l’utilizzo della sua figura in Call of Duty
- Battery designers call Mr Sandman
- Blood, Guts ‘n Glory porta Call of Duty e Left 4 Dead nella vita reale
- Call of Duty: Black Ops II ha ancora il doppio dei giocatori attivi su Steam rispetto a Ghosts