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English to German translations [PRO] Bus/Financial
English term or phrase:rancor
Reputation: HP was always known for stodgy reliability and corporate integrity. But the nasty tactics of the proxy fight have left an entirely different impression. Fiorina admits that the fight resulted in unfortunate tactics. "I hope we can put the rancor of this campaign behind us and find common ground," she said at the shareholders meeting. Job One will be coming to an honorable peace with the Hewlett and Packard families, though that will be tough. So far, HP has steered clear of saying whether Walter Hewlett will be renominated for the board.
And things could get even stormier: Sources close to Walter Hewlett believe HP persuaded shareholder Deutsche Asset Management to swing nearly half its 30 million votes to management, even as Fiorina was running the shareholder meeting. Talk is swirling about whether HP promised Deutsche Asset business in exchange for the support, allegations both Deutsche Asset and HP deny. Legal action is a possibility.