Laws apply where the majority would blindly do things without thinking.

At any rate, I was displeased with HP's decision to not have Walter H.
nominated for election to the board.  Whilst I disagreed with him, I thought
his dissent was actually good for HP, because it helped them prepare a
better merger case.  I thought it was petty and vindictive of HP to simply
drop hi.  I thought there might be ulterior motives or reasons for this
seemingly stupid move.

So, as opposed to simply venting blindly on HP3000-L as many uninformed
people do, I went looking.  Last week at Solutions Symposium, I heard a
rumor. Since I would not post a rumor without attribution (unlike some
people who say, "I can't tell you who said this, but trust me on this!",)  I
wanted confirmation. This week, I found an article seemingly confirming the
rumor.  Here it is:

http://www.examiner.com/business/default.jsp?story=b.hewlett.0402w
http://www.theregister.co.uk/content/7/24663.html
http://australianit.news.com.au/articles/0,7204,4058886%5e15465%5e%5enbv%5e1
5306-15316,00.html


In a nutshell, in the aftermath of the vote, the board of directors
approached Walter Hewlett and wanted to make amends and move forward, with
him remaining on the board.  He acquiesced but the next morning filed his
lawsuit.  Nice guy, you can really trust him!  Par for the course.  He
originally voted in favor of the merger at the board meeting and then
campaigned heavily against it in public.  I would guess there is someone
else telling him what to do, outside the board meetings, of course.


Denys

-----Original Message-----
From: HP-3000 Systems Discussion [mailto:[log in to unmask]]On Behalf Of
James Clark Jr
Sent: Tuesday, April 09, 2002 10:30 AM
To: [log in to unmask]
Subject: Re: OT: HP annual shareholder proxy

I am sorry, but if 80% of the shareholders write a name on their proxy or
write that they do not accept either options then HP will have to come up
with another list. I understand bylaws and the such, but the majority rules
in this situation. If I get a majority of the people of the US to dislike
the president I can have a re-election done which would one take him out of
office and two put someone new in office. Same thing for the current CEO of
HP, she is only in power until the shareholders say see can't be in power.
And as I mentioned earlier, if two people write on their proxy it will be
ignored, or as I more specifically said I will not get the loan or
operation. I am not at all offended, but do not let what is written down
dictate to you what you do. I have asked a manager to reduce a price of an
item, which has failed more times than worked, but it is not impossible.
As is the case in legal matters, speed limits, when enough people complained
and/or disobeyed the speed limit the limit here in Florida was raised from
55 to 70. Penalties for speeding went up also with the increase in speed. If
you feel strongly enough to want Mr. Hewlett as a director, then state so.

James

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