Hewlett-Packard Shareholders Vote Against Executive Pay

Hewlett-Packard Co. investors, gathered at an annual meeting today, voted against proposed compensation packages for top executives, signaling that shareholders want more influence over how managers are rewarded.

At the meeting, held in a hotel in Arlington, Virginia, the computer maker said 50 percent of shareholders voted against approving the pay packages, while 48 percent were in favor. At the same time, shareholders ratified a slate of 13 directors.