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However, the matter of great interest lies in the fact that this take-over was extremely controversial. The heirs of the founders of HP pledged their entire stock of 18 percent against the merger saying that it was not the "hp way". The "hp way", they claimed, "embraces a love of technology, a bond with the community, and deep respect for employees". The merger, it was believed, would cause 15,000 lay-offs, which the heirs believed, was against HP's corporate culture. Other significant issues were raised and the merger had to pass through competition authorities in the US and the EU. Furthermore, HP's CEO Carly Fiorina was accused of bribing an investor, Deutsche Asset Management, a unit of Deutsche Bank, into voting for the deal...
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