Ray Lane, former chairman of Hewlett- Packard Co. and partner emeritus at venture-capital firm Kleiner Perkins Caufield & Byers, is in a dispute with the U.S. Internal Revenue Service that has left him with a $100 million tax bill.
Hewlett-Packard Co. investors will get the chance to voice dismay over the $8.8 billion writedown of Autonomy Corp. when they’re asked to re-elect Chairman Ray Lane and other directors at an annual meeting today.
Hewlett-Packard Co. faces mounting pressure to remove Chairman Ray Lane and several other board members after proxy advisers Institutional Shareholder Services Inc. and Glass Lewis & Co. urged investors to block their re- election over failures to properly vet acquisitions.
Hewlett-Packard Co. chairman- designate Ray Lane described Leo Apotheker , the company’s newly appointed chief executive officer, as a “principled leader” and faulted former CEO Mark Hurd in a public letter .
Hewlett-Packard Co. plans to renominate its slate of directors -- including activist investor and interim chairman Ralph Whitworth -- according to people with knowledge of the matter, seeking stability after years of board turnover.
Hewlett-Packard Co. Chief Executive Officer Meg Whitman, who scrapped a proposal to spin off the company’s personal-computer unit today, says she has split up operational duties with Executive Chairman Ray Lane.