HP Director will not seek re-election , said Ba Biao

劳伦斯巴比奥
SAN FRANCISCO, January 31 morning news, Hewlett-Packard (microblogging) on ​​Monday with the U.S. Securities and Exchange Commission filed a notice that the company will no longer have to seek a board member re-election. The member is 劳伦斯巴比奥 (Lawrence Babbio), he is a former Verizon president and vice president of the board of directors, but also a Ren Huaping private equity fund (Warburg Pincus) consultant. This is nearly two weeks since the first two HP board members to resign.
the following text of the statement for HP’s notice:

Board of Directors, he will not in the next annual general meeting of shareholders in a Hewlett-Packard to seek re-election. Ba Biao in the next annual general meeting of shareholders in a Hewlett-Packard continue to serve until HP Director. the next annual meeting of shareholders in a Hewlett-Packard has been scheduled for March 2012 12 formally convened.
Ba Biao and Baldauf have been included in last year’s Institutional Shareholders Services (referred to as HP continues to serve on the board. They pointed out that this is because HP’s board of directors of which the phenomenon of crony too serious.
ISS that Ba Biao was the only one involved in the nomination of the board of directors and management committee responsible for discussing HP added five new board directors, including current CEO Meg Whitman (Meg Whitman) and former CEO Patricia Russo of Alcatel-Lucent (Patricia Russo).
Glass Lewis in his report to the Ba Biao urged shareholders not to vote – after the agency in 2007 and 2009 have also issued a call for the same – they pointed out that the Ba Biao as the Board of Directors human resources and remuneration committee chairman, did not effectively employees’ performance and the actual wages and benefits for link. According to Glass Lewis’s analysis shows that HP paid to executives of the company other than the salary scale of 33 companies in the same median. The report said: HP
and now the focus of the outside world is: Who will have to replace their vacancies. Because HP’s shareholder meeting will held there seven weeks. (Lin Jing)
share:> Related: Hewlett-Packard director Rubinstein left webOS: Palm CEO has served as former executive Archibald auf Nokia will no longer serve as directors of Hewlett-Packard HP Wei Hete named Chief Strategy for the Officer (Figure) microblogging Recommended | SAN official microblogging

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