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MAR 21, 2013 - Business Insider

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3 Of HP's Board Members Barely Kept Their Jobs — And Changes Are Coming Soon (HPQ)

At its annual shareholder meeting Wednesday, HP barely quashed an investor revolt that threatened to oust some of its board members. All 11 board members were voted back in. But it was close for a few of them: McKesson CEO John Hammergren got 54 percent of shareholders' votes. Former Wachovia CEO G. Kennedy Thompson got 55 percent. Chairmain Ray Lane won 58 percent of shareholder votes. (Influential proxy firm ISS had recommended voting against him.) This is highly unusual. At annual stock meetings, stockholders usually vote in board members with very high majorities, often over 90 ... Read More

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