HP director defends chairman Lane

SAN FRANCISCO (Reuters) - Hewlett-Packard Co's lead independent director defended Chairman Ray Lane and two fellow board members on Monday, contesting a recommendation from proxy adviser ISS that shareholders oust them for their role in the mis-managed acquisition of Autonomy Plc in 2011. In a detailed letter to shareholders on Monday ahead of the company's annual general meeting, Rajiv Gupta said the board has laid a solid foundation for HP's turnaround and warned that ejecting longtime directors would de-stabilize the company. ...

via Tech News Headlines - Yahoo! News http://news.yahoo.com/hp-director-defends-chairman-lane-222201219--sector.html