What Price Victory at Hewlett-Packard?

Merger or no, the battle has been a costly one for HP, leaving CEO Fiorina with much to clean up

Well, the nail biting continues. After a high-drama shareholder meeting on Mar. 19, Hewlett-Packard Co. CEO Carleton S. "Carly" Fiorina claimed victory in the proxy fight over HP's merger with Compaq Computer Corp. But board member Walter Hewlett isn't conceding. Hewlett backers figure that with just a quarter of a percentage point separating the two sides, it ain't over till it's over -- and it will likely be weeks before all the votes are counted (see BW Online, 3/20/02, "A Quick FAQ on HP-Compaq").

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