Murdoch taps HP boss for News Corp boardroom
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Ink-stained veterans join hands HP boss Mark Hurd has joined the board of Rupert Murdoch's News Corp on the recommendation of the Silicon Valley veteran who blew the whistle on the 2006 journo spying scandal at the IT vendor.â¦
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Hewlett-Packard Co.'s Chief  Executive Mark Hurd had approved a "sting" operation on a  reporter to investigate boardroom media leaks, The Washington  Post reported, and embattled Chairman Patricia Dunn said she  looked forward to "setting the record straight" soon.
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Lachlan Murdoch might return to a senior  post at his father's media empire, News Corp., Rupert Murdoch  told the Financial Times on Wednesday.
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Hewlett-Packard Co.'s board will file a statement with the Securities and Exchange Commission, notifying investors that the computer maker's board will refuse to nominate one director for re-election because he leaked confidential information to the media.
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By Ville Heiskanen  Hewlett-Packard, the world's biggest maker of personal computers, said Monday that it had promoted its treasurer, Cathie Lesjak, to chief financial officer. She will succeed Bob Wayman, who will step down at the end of the year.  Lesjak has been treasurer since 2003.
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By Reuters. Peter Chernin, president of the News Corporation, has signed a new contract that makes it easier for him to take the top job at another publicly traded company.
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By RACHEL KONRAD  SAN FRANCISCO - Hewlett-Packard Co.'s board will file a statement with the Securities and Exchange Commission, notifying investors that the computer maker's board will refuse to nominate one director for re-election because he leaked confidential information to the media.
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Rupert Murdoch&#39;s News Corp. will strengthen corporate governance provisions to ease concern among investors who threatened to vote against the company&#39;s proposed move to the US if shareholder rights were diminished.
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PALO ALTO, California  - Hewlett-Packard Co.   Chairman Patricia Dunn resigned as a director on Friday as the   embattled computer maker unveiled new details of the boardroom   leak probe, including the role of chief executive Mark Hurd.
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A Hewlett-Packard Co.   director said on Wednesday Chief Executive Mark Hurd has the  full support of the board and that there have been no  discussions whether Hurd might resign amid the controversy over  the company's investigation into boardroom leaks.
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Hewlett-Packard's executive vice president of global operations, Gilles Bouchard, will leave the company at the end of October. The news came Tuesday immediately before HP announced that ChairmanÂ Patricia Dunn will step down.
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(InfoWorld) - Patricia Dunn, Hewlett-Packard's embattled chairman, will be relieved of those duties after the board's Jan. 18, 2007, meeting, but will continue as a director. The announcement came Tuesday morning, followingÂ meetings of the boardÂ over the weekend and Monday. Mark Hurd, HP's chief executive officer and president will also take on the chairman's job. Richard Hackborn, who has been on the board since 1992, has been chosen as the lead independent director as of January. Dunn has been under intense pressure to step down as chairman after it came to light last week that the board of directorsÂ carried out an investigationÂ to determine who among the board leaked confidential information to journalists. The board admitted in a filing with the U.S. Securities and Exchange Commission (SEC) that the internal probe involved "pretexting," where employees of an investigative firm hired by the company pretended to be reporters to gain access to their telephone records. Federal authorities, including the U.S. Department of Justice and a congressional committee,Â are questioning the board's conductÂ in the probe and the California attorney general has said thatÂ charges are likely to be filed. "The recent events that have taken place follow an important investigation that was required after the board sought to resolve the persistent disclosure of confidential information from within its ranks. These leaks had the potential to affect not only the stock price of HP but also that of other publicly traded companies," Dunn said in a written statement released by HP. "Unfortunately, the investigation, which was conducted by third parties, included certainÂ inappropriate techniques. These went beyond what we understood them to be, and I apologize that they were employed." Dunn pledged to take action to make sure that such "inappropriate investigative techniques" do not happen again. "They have no place in HP," she said in the statement.
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Rupert Murdoch won shareholder  approval on Tuesday to move the corporate headquarters of his  $48 billion News Corp. Ltd. media empire to the United States  and finally sever its Australian roots.
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An editorial board overseeing the Wall Street Journal under a Rupert Murdoch ownership would have five members jointly chosen by Murdoch's News Corp.  and the Journal's parent company, Dow Jones.
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A tentative deal over editorial  independence at The Wall Street Journal would give Rupert  Murdoch&#39;s News Corp. the sole power to hire and fire the  newspaper&#39;s top editors if it succeeds in buying Dow Jones &  Co. Inc., The New York Times said on Thursday.
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(InfoWorld) - Like a good friend who has just gotten out of a terrible relationship, Hewlett-Packard seemed to be on the rebound and all the happier for it in recent months. After the departure of controversial CEO Carly Fiorina, the company has as of late shown newfound confidence and focus under new CEO Mark Hurd. But allâs still not well in the higher echelons of HP, as revealed in a filing the company made to the U.S. Securities and Exchange Commission. The sudden and unexpected resignation of Silicon Valley venture capitalist Thomas Perkins from HPâs board of directors in May turned into a full-blown scandal last week, spawning law enforcement and SEC investigations and a PR nightmare for HP. At the center of the controversy is a legally and ethically questionable internal investigation of leaks of confidential company information to the media dating back to 2005. According to a copy of a letter from Perkins to the HP board explaining his sudden resignation, and republished on thesmokinggun.comâs Web site (a sure sign, if ever there was one, that youâre in the PR doghouse), HP hired outside companies to obtain personal phone records of board members using âpretextingâ (thatâs âsocial engineeringâ to you and me), in which a private investigator impersonated board members to obtain details of private phone company billing statements. In his letter, Perkins says he has proof that his own phone records were âhackedâ in the investigation. Those investigations ultimately fingered George Keyworth, an HP director since 1986, as the source of information about board deliberations and other confidential information, which were leaked to the media without authorization. Keyworth acknowledged he had leaked information at a board meeting on May 18 but refused the boardâs request to step down. Perkins announced his own resignation at that meeting, citing âpersonal frustrationâ with board Chairwoman Patricia Dunn over the handling of the leak investigation. In the meantime, the dispute has spilled over into the public domain. The attorney general of California asked HP to supply information about the leak investigation. The SEC has also been in touch over the 8-K filing HP made when Perkins resigned. HP believes its disclosures in May were âaccurate and complete.â In an Aug. 31 meeting, HPâs board of directors determined that Keyworth shouldnât be nominated for another term on the board.
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(InfoWorld) - Hewlett-Packard's executive vice president of global operations, Gilles Bouchard, will leave the company at the end of October. The news came Tuesday immediately before HP announced that ChairmanÂ Patricia Dunn will step down. Bouchard's departure comes at aÂ difficult time for HP. Dunn faces questions from organizations including the U.S. Department of Justice, the U.S. Federal Bureau of Investigation and a congressional committee. The questions relate to the way in which details of phone calls made by board members and journalists were obtained during an internal investigation into boardroom leaks regarding the departure of former HP Chief Executive Officer Carly Fiorina. On Tuesday, HP announced that company CEO Mark Hurd will succeed Dunn, who will remain chairman through the companyâs Jan. 18, 2007, board meeting. Meanwhile, Hurd announced Bouchard's decision to leave in an e-mail sent to all employees late Monday, adding that Bouchard will remain in post until Oct. 31. In June, HP announced plans toÂ axe the global operations organizationÂ that Bouchard heads in an effort to simplify its operating model, folding it back into the company's three main business units: Imaging and Printing Group, Personal Systems Group and Technology Solutions Group. Bouchard's work leading that transition has been "outstanding," with the majority of the work completed in the third quarter, Hurd wrote in his e-mail. The closure of the global operations group, where Bouchard managed HP's worldwide supply chain and customer-facing operations activities, is part of aÂ broader reorganization of the companyÂ began in July 2005. That process began with the elimination of the central service unit responsible for enterprise sales, the Customer Solutions Group. Staff and activities from that group were also redeployed to the company's three main business units. Bouchard joined the company in 1989, working in its printer business. He later took charge of merging HP's supply chain with that of Compaq when the two companies joined. Before concentrating on global operations, Bouchard had an additional responsibility as the company's chief information officer, charged with simplifying HP's IT infrastructure. In that role, he was responsible for a migration of the company's ERP (enterprise resource planning) system. Then CEO Fiorina said in August 2004 that problems with that migration had contributed to the company'sÂ failure to meet financial targetsÂ in that year's third fiscal quarter.