Eleanor Bloxham, CEO of The Value Alliance and Corporate Governance Alliance, writes critically of HP’s Meg Whitman and their board in HP: Same issues, different year for Fortune magazine. (more…)
Tag Archives | HP
HP on Three Fronts
James McRitchie, 12/08/2011 ,
First, through several meetings, I heard HP was a likely target for a proxy access proposal. Then in November they appointed Ralph Whitworth to the board. See statement from CalSTRS. So, maybe that issue is off the table for now. Looking at the SEC’s no-action letters, I see this from November 18th (more…)
HP Adds Whitworth to Board
James McRitchie, 11/21/2011 ,
Hewlett-Packard added activist shareholder Ralph Whitworth to its board rather than risk more public conflict as it tries to bring 15 months of turmoil to a close. Whitworth is understood to have been among the investors who faulted HP (more…)
HP's Loss Offers Lessons
James McRitchie, 08/23/2011 ,
When I put on my law teaching hat for the first time all summer, in preparation for my fall term class at DePaul University College of Law, it became apparent that the unfolding situation at Hewlett Packard is going to be a case study for many law and business school courses. A fortiori, this means […]
Independent Board Oversight: Lessons from HP
James McRitchie, 05/10/2011 ,
Note: Republished with permission of the author. Originally published on the Bloxham Voice as Independent Board Oversight, 4/10/2011. Copyright The Value Alliance. Nominating and governance processes and independent board oversight: Do they really matter? If so, to whom? In a Digest publication late last year, I wrote about an ISS policy survey that found investors, […]
What the HP Episodes Tell Us About Governance
James McRitchie, 09/20/2010 ,
The events following the dismissal of Mark Hurd at HP illustrate why I have so vehemently advocated introduction of a result orientation into governance law (Require Affirmative Proof in Specified Circumstances of “Too Big to Fail Companies” in Order to Meet the Business Judgment Rule). As we know, Hurd was dismissed in early August in […]
Walden Proposes Spit Chair/CEO at HP
James McRitchie, 08/11/2010 ,
Walden Asset Management filed a letter and resolution (WaldenHPLetterSepChairCEO8-10-10) with HP seeking separation of CEO and chair positions. Given the recent resignation of Mark Hurd (Mark Hurd’s Termination from HP: Case Study), timing seems ripe and important as HP searches for a new CEO. Walden cites Chairing the Board: The Case for Independent Leadership in […]
Mark Hurd's Termination from HP: Case Study
James McRitchie, 08/10/2010 ,
It’s ironic that the same week Jim McRitchie reports on lingering opposition to and attempts to circumvent the new proxy access rules Funds Preparing Candidate Pool and Proxy Access Avoidance: Subversive or Accelerating Preemption?, in part because of concerns that directors elected in this manner will focus on extraneous matters and private agendas, we see […]