Photos: HP's Hurd speaks out
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Lots of journalists--and lots of security were present at Friday's press conference.
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Hewlett-Packard Co. announced today that Patricia Dunn will be replaced as HP chairwoman in January by CEO Mark Hurd. The move follows a scandal related to leaks from the company's board of directors.
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Mark Hurd is not done cutting at Hewlett-Packard. Not by a long shot.  The HP (HPQ) chief executive officer has already seen the company through a huge restructuring that reduced headcount by more than 15,000 and overhauled its retirement plan.
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Hewlett-Packard Co. HPQ.N Chief   Executive Mark Hurd will testify to a House subcommittee on the   company's leak probe, HP said on Thursday, hours after the   panel's top Democrat said he should appear at a hearing.
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By Damon Darlin and Matt Richtel  John Markoff contributed reporting.  *  Pressure is mounting on the Hewlett-Packard chief executive, Mark Hurd, to explain what appears to have been a greater role in the company's spying operation than was initially indicated.
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HP CEO Mark Hurd has now been through the iconic cauldron of raising his right hand at a Congressional hearing, swearing to tell the truth and nothing but, and having his strained visage beamed electronically across the land.
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Hewlett-Packard CEO Mark Hurd announced Friday that Chairman Patricia Dunn has resigned from HP's board because of the fallout from the company's probe of leaks to the media. But Hurd also confirmed that he approved a misinformation campaign as part of the probe.
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CEO Mark Hurd took the stage in Las Vegas at the HP Technology Forum & Expo to reaffirm the company's plans to reshape its IT operations, cut operational costs and improve its alignment with the business.
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(InfoWorld) - In an advance copy of his Congressional testimony released by a House Subcommittee on Wednesday, Hewlett-Packard chief executive officer (CEO) Mark Hurd blamed the scandal that has besieged his company on "a rogue investigation" that got out of hand. "How did such an abuse of privacy occur in a company renowned for its privacy? The end came to justify the means," Hurd wrote. "The investigation team became so focused on finding the source of the leaks that they lost sight of the privacy of reporters and others. They lost sight of the values HP has always represented." Former HP Chairman Patricia Dunn , forced to resign Sept. 21 because ofÂ the scandal,Â defended in her testimony her decision to investigate the leaks of confidential board discussions to the news media. Both are among several witnesses expected at a hearing before the Oversight and Investigations Subcommittee of the House Energy and Commerce Committee on Thursday in Washington. The committee is looking into the practice of "pretexting," or using false pretenses to gain access to confidential records. Investigators hired by HP to find the source of leaks engaged in pretexting to get hold of the phone records of directors, HP employees and reporters who cover the Palo Alto, California, technology company. Although much of the criticism of the scandal surrounds the tactics used by the investigators, Dunn wrote in her testimony that equal consideration should be given to the leaks from within the company that damaged HP. HP's board was notorious for its leaks to news media and that such disclosures made it difficult for the board to deal with important issues candidly, she wrote. "I wish fervently that none of this had ever happened," Dunn wrote in her testimony. "But boards have an unquestionable obligation to take steps to prevent [leaks]. That certain steps taken during the investigation went well beyond what was appropriate does not undermine the importance of the board's mission in this matter."ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
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Dunn-leading Patricia Dunn, chairman of HP, will leave the position in January next year and be replaced by current CEO Mark Hurd. Dunn's position has been shaky since her role in the snooping scandal became public - Dunn hired private detectives to spy on directors and reporters.â¦
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By JORDAN ROBERTSON  SAN FRANCISCO - The congressional panel investigating Hewlett-Packard Co.'s boardroom spying probe has demanded that CEO Mark Hurd explain $1.37 million worth of options he exercised just before the scandal became public, two congressmen said Wednesday.
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(InfoWorld) - Hewlett-Packard continues to diversify and streamline its business according to goals Chief Executive Officer Mark Hurd set when he joined the company nearly two years ago. But the IT giant still needs to cut costs to achieve operational efficiency, the company's top executive told members of the financial community on Tuesday. "We are a company that is transforming; we are not a company that has transformed," Hurd said, speaking at a meeting of securities analysts in New York. Hurd acknowledged that HP's cost of operations are still too high for the company to run at its most effective, though the company has completed aÂ 10 percent workforce reductionÂ it began last year as part of a huge restructuring effort. He said that since he took over, HP has carefully analyzed its cost structure, down to knowing its IT costs by employee, site and function. "We do understand our costs now more than we did a year ago," Hurd said. But the company still needs to reduce costs and better efficiency, which Hurd vowed HP will achieve in the next several years. Complicating this aim is HP's acquisition strategy, as the company still is working to absorb companies it purchased in 2006. The company on Tuesday unveiled how it would integrate Mercury Interactive, a software companyÂ HP acquired for $4.5 billionÂ on Nov. 7. Hurd told securities analysts not to expect more acquisitions of this size in the future from HP, a comment that would appear to put an end to rumors that the company may buy security giant Symantec. Instead, the company will make smaller acquisitions as they strategically and operationally make sense, he said. Right before Hurd spoke, HP announced that it has agreed toÂ acquire business intelligence services Knightsbridge Solutions Holdings, a 700-person company, for an undisclosed sum. Hurd made no mention of theÂ boardroom scandalÂ that hit the headlines in September, and which has former HP executives awaiting their fate in an ongoing criminal case that will decide whether they used illegal means to investigate journalists. Instead, he focused on operational efficiency and other goals on which HP continues to execute, including deriving revenue from a more diverse mix of sales and services and improving its sales and customer service. Hurd also thanked HP Executive Vice President and Chief Financial Officer Bob Wayman for his 37 years of service at the company. On Monday,Â Wayman said he would retire, effective Jan 1. Catherine Lesjak, a 20-year HP veteran who currently serves as HP's treasurer, will take over for Wayman upon his exit. From a financial and perspective, HP weathered the scandal that rocked the company this year unscathed, earning nearly three times the profits in fiscal 2006, $6.2 billion, than it did in 2005, when the company earned $2.4 billion. Hurd said HP still has more progress to make in terms of tapping its "total addressable market," which he said in 2009 will be about a trillion dollars. "After careful analysis, we've decided that is big," he deadpanned. To achieve this aim, HP continues to try to improve its sales tactics, Hurd said. He said traditionally, HP ran on the theory that "if we build great technology, customers will find it." Now, "we have this new advanced theory," he said. "If we actually try to sell the stuff, we'll actually get more revenue."
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Computer maker Hewlett-Packard Co. still has more cost-cutting ahead, even after a massive restructuring that has sliced the work force by 10 percent, Chief Executive Mark Hurd told analysts Tuesday.
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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.
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HP was blasted by legislators last week, but corporate customers say the scandal is a minor distraction, and they&#8217;re still backing CEO Mark Hurd.
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A Hewlett-Packard Co. HPQ.N   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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By Pete CareySTAFF  Congressional investigators are questioning Hewlett-Packard Chief Executive Mark Hurd's sale of stock options, worth $1.37 million, which occurred 15 days before the company's controversial boardroom leak investigation became public.