CtW Investment Group, part of the labor group Change to Win, is pushing for Hewlett-Packard Co. to remove its two longest-standing board members and urging the computer maker to drop Ernst & Young LLP as its auditor.
Alcatel-Lucent SA named former Vodafone Group Plc executive Michel Combes as chief, tapping a phone-industry veteran with cost-cutting experience as the French network-equipment maker struggles to return to profit.
Alcatel-Lucent SA Chairman Philippe Camus will seek a contract extension in May as the 64-year-old Frenchman looks to have another go at turning around the network equipment maker with the help of a new chief executive officer.
Alcatel-Lucent SA Chief Executive Officer Ben Verwaayen will step down after 4 1/2 years of efforts to turn around the phone-equipment maker failed to stem a slump in cash reserves and withstand global competition.
As Alcatel-Lucent SA Chief Executive Officer Ben Verwaayen told board members this week he wouldn’t seek an extension of his contract, he threw them no less daunting a task than turning around the French telecommunications equipment maker: finding a successor.
Hewlett-Packard Co. , the largest maker of computers, announced a board shake-up aimed at adding foreign-based directors and quelling criticism over the way it handled the departure of Chief Executive Officer Mark Hurd .
Hewlett-Packard Co. recruited five executives to its board who have business ties to Chief Executive Officer Leo Apotheker and will need to prove they can act independently, corporate governance experts said.