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dissident director |
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| With The Camden Group recommending layoffs, Chief Executive Officer Les Wong is asking the board for a severance agreement that would pay out $600,000, according to dissident director Steve Fox. In the absence of a clear plan of Kang Moon Seok to improve the Company's business and corporate governance, and having reviewed the background and experience of the proposed nominees, we do not find that electing the dissident directors is in the best interests of the Company and shareholders at this time. Fiorina's four-plus hours on the witness stand came immediately after lawyers for dissident Director Walter Hewlett said company memos and a personal diary showed that HP executives knew the Compaq deal was likely to work out far worse than what the companies were publicly touting. |
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