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Hewlett Packard's Ray Lane Steps Down After Autonomy Fiasco

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Ray Lane
Jonathan Alcor | Bloomberg | Getty Images

Hewlett-Packard Chairman Ray Lane, who is under fire from shareholders for his role in the botched, costly acquisition of British software firm Autonomy, has stepped down, the company said on Thursday.

(Read More: Another Investigation Into HP's Autonomy Allegations)

Director Ralph Whitworth will become interim chairman, the company said on Thursday.