H.P. Announces Board Shake-Up Under New Chief
http://www.nytimes.com/2011/01/21/technology/21hewlett.html?hp
By VERNE G. KOPYTOFF
Published: January 20, 2011
"SAN FRANCISCO – Hewlett-Packard announced a major boardroom shake-up on Thursday in the aftermath of the furor over the forced resignation of Mark V. Hurd as chief executive.
The upheaval is the first major step under Léo Apotheker, who was hired as chief executive last year after Mr. Hurd resigned following accusations of sexual harassment. A board investigation found no evidence of harassment, but instead found irregularities in Mr. Hurd’s expense reports.
The board faced withering criticism for its handling of Mr. Hurd’s forced departure. A shareholder lawsuit accuses the board of mismanagement for awarding Mr. Hurd a lucrative severance package.
The company said four members would not stand for re-election to the board in March: Joel Hyatt, John Joyce, Robert Ryan and Lucille Salhany. H.P. gave no reason for their departure, although they were seen by some as loyal to Mr. Hurd.
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