Mark Hurd News
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Four of the five highest-paid employees at Standard & Poor’s 500 companies aren’t chief executive officers. They’re Apple Inc. senior lieutenants receiving compensation packages designed to keep management intact in an increasingly competitive industry.
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The National Football League won preliminary court approval of the settlement of a lawsuit accusing it of failing to compensate former players for using their likenesses in promotions.
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A trial in Hewlett-Packard Co.’s dispute with Oracle Corp. over software support for servers running Intel Corp.’s Itanium microprocessors will be delayed while Oracle appeals a ruling on a motion in the case.
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Hewlett-Packard Co.’s board shakeup, including Ray Lane’s exit as chairman, gives Chief Executive Officer Meg Whitman a clearer path to revive growth and shake off years of tumult at the world’s largest computer maker.
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Ray Lane’s having a bad week.
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Dell Inc. founder Michael Dell will only consider backing a buyout by Blackstone Group LP if the private-equity firm guarantees he can remain as chief executive officer, according to a person familiar with the discussions.
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Blackstone Group LP, which is considering a bid for Dell Inc., has approached Oracle Corp. President Mark Hurd about running the computer maker, according to a person with knowledge of the matter.
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Blackstone Group LP and billionaire Carl Icahn are offering to buy Dell Inc. without retaining Michael Dell as chief executive officer, spurring debate over whether the personal-computer maker would be better off without the entrepreneur who founded it three decades ago.
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Hewlett-Packard Co. Chairman Ray Lane and two other board members were re-elected in slim majorities in a referendum that demonstrates growing dismay over the company’s performance and acquisition of Autonomy Corp.
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Hewlett-Packard Co., the world’s biggest personal-computer maker, increased its quarterly dividend by 10 percent for a second-straight year amid mounting investor frustration with leadership over failed acquisitions.
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