HP Investor Adviser Group Seeks Board, Accountant Changes
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CtW Investment Group, part of the labor group Change to Win, is pushing for Hewlett-Packard Co. to remove its two longest-standing board members and urging the computer maker to drop Ernst & Young LLP as its auditor.
After a two-hour meeting with Hewlett-Packard Chairman Ray Lane and other directors yesterday in Washington, CtW is recommending that investors vote against the election of John Hammergren and G. Kennedy Thompson, who have been on the board since 2005 and 2006, respectively, Michael Pryce-Jones, a senior analyst at CtW, said in an interview.