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.
Venture capital pioneer Tom Perkins is taking heat from the firm he co-founded and Silicon Valley peers alike after comparing today’s treatment of wealthy Americans to the persecution of Jews in Nazi Germany.
Hewlett-Packard Co. may reveal as early as today how it will fight shareholder claims it botched the Autonomy acquisition and will soon face demands that executives provide testimony, e-mails and documents as investor lawsuits over an $8.8 billion writedown of the deal reignite.
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.
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.
Deutsche Bank AG, BDO Seidman LLP and an ex-BDO Seidman partner were sued over claims they designed a fraudulent tax shelter that caused losses for a former chief operating officer of a Fortune 100 software company.
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.