Hewlett-Packard Chairman Ray Lane is giving up his post as the company initiates yet another board shakeup. Lane's tenure featured a few massive debacles.
Ralph Whitworth, a shareholder activist, will be a stand-in until a replacement is named. Lane will stay on HP's board, but John Hammergren and G. Kennedy Thompson will step down.
The moves, initially reported by The Wall Street Journal, CNBC, and others, represent another shakeup for HP's historically dysfunctional board. But CEO Meg Whitman and the company had to do something following a series of missteps.First, there was the HP acquisition of … Read more