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.
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.
Fusion-io Inc. plunged the most ever after replacing Chief Executive Officer David Flynn with Shane Robison, a former Hewlett-Packard Co. senior leader associated with a disastrous deal by his prior employer.
When Dell Inc. President Marius Haas was still a rising executive at Hewlett-Packard Co. in 2005, his new boss Mark Hurd entrusted him with a critical task: unearthing sales weaknesses and inflated costs.
Hewlett-Packard Co.’s former Chief Executive Officer Leo Apotheker, who has drawn criticism for the troubled acquisition of Autonomy Corp., said the company’s board -- led by Chairman Ray Lane -- shares responsibility for the deal.
Hewlett-Packard Co. will turn its WebOS software into an open-source project, aiming to get other hardware makers to embrace the struggling operating system as an alternative to software from Apple Inc. and Google Inc.
Hewlett-Packard Co. Chief Executive Officer Mark Hurd reached a settlement last week with a woman who accused him of sexual harassment, releasing HP from responsibility, two people familiar with the matter said.