HP board survives confidence vote, but only barely

Two board members received only slightly more than the required 50 percent approval

By , IDG News Service |  IT Management

HP argued before the meeting that changing the board could be "destabilizing" for the company. "Losing some of our directors in an abrupt and disorderly manner could undermine our efforts to stabilize the company," it said in a regulatory filing.

At the meeting, Whitman again laid out her plans for getting HP back on track. They involve building solid products, improving customer satisfaction, expanding sales and energizing HP's channel partners.

"Despite what you might have heard, innovation is alive and well," Whitman said.

Despite reelecting the board, some shareholders are clearly dissatisfied with the current management.

"It seems that when more business-trained executives started taking over the company, rather than engineering-trained executives, it really changed," said the shareholder with the calculator. Another shareholder suggested HP should be more like Oracle, building a single, integrated stack of products.

Autonomy's former management also got in on the criticism Wednesday, releasing an open letter questioning HP's allegations of impropriety. It asked the board to explain how it was misled and to provide evidence of the misconduct.

James Niccolai covers data centers and general technology news for IDG News Service. Follow James on Twitter at @jniccolai. James's e-mail address is james_niccolai@idg.com

Join us:
Facebook

Twitter

Pinterest

Tumblr

LinkedIn

Google+

Answers - Powered by ITworld

ITworld Answers helps you solve problems and share expertise. Ask a question or take a crack at answering the new questions below.

Ask a Question