Saturday, March 10, 2007
A much-anticipated event next Wednesday -- Hewlett-Packard's shareholders will vote on a proxy access proposal that management reluctantly included on the proxy statement. The proposal is the first shareholder vote at a major corporation on a proxy access proposal and would allow a shareholder holding more than 3% of the stock for more than 2 years to use the management proxy statement to nominate candidates. Major shareholder advisory firms are recommending a yes vote. See NYTimes, Battle Lines Are Drawn in Hewlett Proxy Issue.