HP Chairman Ray Lane Resigns, Whitworth Takes Over For Now
Hewlett-Packard Chairman Ray Lane, who has come under fire from shareholders for his role in the botched acquisition of British software firm Autonomy Plc, has stepped down.
board of directors
People@Work: When Departing CEOs Don't Step Out of the Spotlight
It's not unusual for a departing chief exec to maintain some involvement with the corporation he or she led, usually by holding onto or taking a position on the company's board of directors. That can be a bad idea. Consider GM's Ed Whitacre.
A Boardroom Surprise: These Are Not Your Average Directors
Do celebrity board members help a company? Surprisingly, recent research suggests that celebrity board appointments can add as much as 2% to the price of a company's stock. Here are eight well-known individuals from different backgrounds currently sitting on corporate boards.
New SEC Proxy Rule Gives Shareholders a Fighting Chance
In a clear win for the shareholders rights movement, the Securities and Exchange Commission announced Thursday that it was changing federal proxy rules to make it easier for companies' shareholders to nominate and elect directors to their boards.
Barnes & Noble Kicks Off Proxy Fight With Burkle
Barnes & Noble's board has sent a letter to shareholders urging them to vote to rebuff investor Ron Burkle's battle to control the bookseller. The letter is part of annual-meeting materials B&N mailed to shareholders, formally launching its proxy battle.
Directors Must Do More To Earn Their Keep These Days
Sitting on a corporate board of directors has always been great work if you can get it, especially if it's with a company that's generous with board member compensation. These days, directors are feeling the heat to get some real work done.
