Shareholdersshow disdain for Dell chief

first_img DELL founder Michael Dell survived an investor savaging during his re-election to chief executive, with more than a quarter of voters withholding their support.Shareholders are furious at the firm’s fall from being the biggest computer manufacturer in the world to its current third place behind Hewlett-Packard (HP) and Acer. Dell’s stock is down more than 50 per cent since August 2008 and the company recently paid $100m (£64m) to settle a government probe into some of its accounting practices.The company has made a mix of major and small acquisitions in the past year as it tries to diversify beyond personal computers. This week it said it had agreed to pay $1.15bn to buy data storage company 3PAR.But the strategy was not enough for 25.1 per cent of Dell shareholders, who refused to back the chief executive at the firm’s annual meeting on 12 August.The firm is facing fierce competition from rivals including Oracle and Cisco Systems, which are expanding into new corporate technology markets, while smartphone and tablet technology from Apple and Google threatens to erode PC sales.Meanwhile, Hewlett-Packard (HP), which dazzled Wall Street with rock-steady performances during Mark Hurd’s five-year reign, also faces investor pressure.Its shares are down 11 per cent since Hurd announced his abrupt departure on 6 August amid a sexual harassment scandal.It will hold its quarterly earnings conference with analysts later today. The focus will be on HP’s strategy and its ability to keep up momentum across its diverse businesses. Shareholdersshow disdain for Dell chief More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Show Comments ▼ Tags: NULL whatsappcenter_img KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBetterBe20 Stunning Female AthletesBetterBeAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic Mirrorautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comHealth.recetasget5 Common Cancer Signs to Pay Attention ToHealth.recetasgetRichestNetWorths4 Sisters Took The Same Picture for 40 Years. You Might Cry When You See The Last One!RichestNetWorthsinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comSportPirateElle Macpherson Is Almost 60, Try Not To Smile When You See Her NowSportPirate Share whatsapp Wednesday 18 August 2010 7:52 pmlast_img read more

World Bank in food warning

first_imgTuesday 15 February 2011 8:29 pm Tags: NULL whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comFort Bragg soldier accused of killing another servicewoman over exthegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comColin Kaepernick to publish book on abolishing the policethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKansas coach fired for using N-word toward Black playerthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com KCS-content World Bank in food warning WORLD Bank chief Robert Zoellick yesterday said global food prices have reached “dangerous levels,” and warned that their impact could complicate fragile political and social conditions in the Middle East and Central Asia.World Bank data released yesterday showed higher food prices — mainly for wheat, maize, sugars and edible oils – have pushed 44m more people in developing countries into extreme poverty since June 2010.“There is no room for complacency,” Zoellick warned. “Global food prices are now at dangerous levels and it is also clear that recent food price rises are causing pain and suffering for poor people around the globe.”Zoellick said although higher food prices were not the main cause leading to recent protests in Egypt and Tunisia, it was an aggravating factor and could become worse.He warned that a sharp rise in food prices across Central Asia could also have social and political implications for that region.The World Bank report comes days before a meeting of the Group of 20 major economies in France where higher food prices and the reasons for those upward spikes will be discussed. Zoellick also said he was concerned that as countries such as Egypt, Tunisia and Jordan address causes of their social upheaval, higher food prices may add to “the fragility that is always there any time you have revolutions and transitions.”The World Bank chief said the international community needed to be aware of such risks and should not exacerbate problems by imposing policies, such as export bans or price fixing, that would push global food prices even higher. whatsapp Show Comments ▼ Sharelast_img read more