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The annual package includes $1.7 million in salary and a mix of stock, some part of a long-term incentive plan.

Hewlett-Packard is filing a lawsuit against former CEO Mark Hurd to prevent him from joining rival Oracle.

This morning Bloomberg reported that Abercrombie & Fitch CEO Michael Jefferies, who has led the retailer for nearly two decades, has announced that he intends to sell as much as 1.79 million of his shares. At current market value, a sale of that magnitude would net him nearly $63 million pretax.

Former Hewlett Packard Co contractor Jodie Fisher alleged that she lost work from the company because she did not have sex with ex-CEO Mark Hurd, a source with knowledge of the matter told Reuters on Tuesday.

Ed Whitacre will be replaced by The Carlyle Group's Daniel Akerson on September first.

Lauded for making Hewlett-Packard Co. the world's biggest technology company, CEO Mark Hurd was in talks for a new contract worth about $100 million, according to a person familiar with the negotiations.

Hewlett-Packard Co. shocked Wall Street Friday afternoon with the announcement that its chairman and chief executive, Mark Hurd, is resigning immediately in the wake of a sexual harassment investigation that revealed ethics issues.

Google CEO Eric Schmidt said on Wednesday that Google believes that some 200,000 new Android devices are being sold each day, leading to significant revenue in the form of increased mobile search traffic.

General Motors Co has begun to work on the U.S. regulatory filing needed for an initial public offering but does not expect to have that ready in the next two weeks, Chief Executive Ed Whitacre said on Thursday.

Ann Moore, the chief executive of Time Inc. -- the world's largest magazine publisher -- is stepping down from the company to be replaced by Jack Griffin, a group president of Meredith Corp., according to published reports.