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HP Shareholders Riled
By MercuryNews.com
News Source
Article Date: 2003-04-03
Shareholders sent an angry message for corporate reform to Hewlett-Packard management Wednesday as three of four governance proposals opposed by the company's board of directors were approved or nearly approved at the Palo Alto company's annual meeting.
Voters approved 55 percent to 43 percent a proposal that would require shareholder approval of any future ``poison pill'' measures designed to thwart hostile takeovers and preserve management control of the company. About 2 percent of the shares abstained.
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