Hewlett-Packard Co. agreed to pay $57 million to settle a shareholder lawsuit accusing former Chief Executive Officer Leo Apotheker of making misleading statements about operations before he was ousted.
As software maker SAP AG expands in emerging markets from Beijing to Buenos Aires, managers are also focusing their attention on a place they have sometimes neglected: the company’s home country of Germany.
Hewlett-Packard Co. Chief Executive Officer Meg Whitman, who rewarded stock and bond investors in 2013, may soon be pressured to make acquisitions that favor shareholders over those owning her company’s debt.
Autonomy Corp. founder Mike Lynch, accused after his company’s acquisition by Hewlett-Packard Co. of mis-categorizing revenue, said the U.S. computer maker is misleading shareholders and smearing management of the U.K. software firm.
Hewlett-Packard Co. Chief Executive Officer Meg Whitman, the company’s board and former CEO Leo Apotheker were sued by an investor alleging that mismanagement and botched acquisitions have destroyed shareholder value.
Friction was apparent between Hewlett-Packard Co. Chief Executive Officer Meg Whitman and Autonomy Corp. founder Mike Lynch within weeks of their companies’ union, according to documents seen by Bloomberg News.
Hewlett-Packard Co. has begun talks with shareholders’ lawyers on a possible settlement of litigation over its $8.8 billion writedown of the Autonomy Corp. acquisition, a person familiar with the matter said.
Hewlett-Packard Co. appointed former SAP AG Chief Executive Officer Leo Apotheker as CEO and president, turning to an external candidate who resigned from his last job in February after sales and profit slumped.