We Get Support From:
Become a Supporter 
 We Get Support From:
Become a Supporter 

Hewlett-Packard's Chairman Lane Steps Down

NPR
Friday, April 5, 2013

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

The computer maker's chairman Ray Lane has stepped down as executive chairman. He's been on thin ice with shareholders after his role in acquiring a business software company ended up hurting HP's bottom line.

Transcript

DAVID GREENE, HOST:

We began NPR's business news with the departure at HP.

Hewlett-Packard is going through another board shakeup. The computer maker's chairman Ray Lane has stepped down as executive chairman. He's been on thin ice with shareholders after his role in acquiring a business software company that ended up hurting HP's bottom line. Lane will stay on as a board member, though. At the same time, two other board members have left. HP says it will look, now, to fill those slots and the chairman opening. Transcript provided by NPR, Copyright NPR.

View this story on npr.org

Sign up for ReCap

and never miss the top stories

Delivered to your inbox every Wednesday.

Check out a sample ReCap newsletter.