Shareholder Group Contends HP's New Board Is Too Chummy

Hewlett-Packard’s CEO was directly involved in the selection of five new company directors, which is a violation of the company’s own rules, a report from a shareholder advisory group says. It suggest shareholders vote against three sitting directors up for re-election.

Meg Whitman, Patricia Russo Among Five Joining HP Board

In the first big change of the Léo Apotheker era, five new directors are named, four directors are leaving. With this change no directors pre-date HP’s 2002 merger with Compaq.

Alcatel-Lucent: We Suck in French and English

Alcatel-Lucent is cleaning house and, frankly, it’s about time. After posting yet another massive quarterly loss Tuesday ($1.7 billion), the company said its chief executive, Patricia Russo, and chairman, Serge Tchuruk, who together led its trans-Atlantic merger two years ago, will resign their positions by year end.