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HP board survives confidence vote, but only barely

James Niccolai | March 21, 2013
Hewlett-Packard's shareholders have voted to reelect its entire board of directors, despite opposition from investors who want some members held accountable for recent troubles at HP, including its ill-fated acquisition of Autonomy.

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

 

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