HP chairman to leave immediately
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Hewlett-Packard's chairman Patricia Dunn resigns amid allegations of illegal spying by the firm.
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(InfoWorld) - Hewlett-Packard Co.'s (HP's) board of directors has approved a severance package including $3.7 million in stock options for its general counsel, who resigned Thursday amid a growing scandal into HP's conduct during an investigation into board leaks. Ann BaskinsÂ resigned Thursday just before a U.S. Congress subcommittee hearing on HP's investigation methods, including investigators pretending to be reporters or board members to gain access to their personal telephone records and other data. That practice is often called pretexting. During the hearing, former HP Chairwoman Patricia DunnÂ told lawmakers that Baskins had repeatedly told her the year-long investigation was done legally. HP filed a form with the U.S. Securities and Exchange Commission (SEC) Thursday saying it would provide Baskins with a compensation package, including the option to sell her outstanding stock options, worth nearly $3.7 million, by Nov. 22. Baskins will also have access to the vested portion of her retirement account at HP and to other benefits. If she accepts the package, she will give up any claims against HP and its employees, according to the SEC document. Baskins declined to testify before the subcommittee, citing her right to not testify against herself. Members of the Oversight and Investigations subcommittee of the House Committee on Energy and Commerce hammered HP officials Thursday for investigators who allegedly lied to gain access to others' personal records, for attempting to trace the e-mail of a reporter and for following reporters and board members. Representative Ed Markey, a Massachusetts Democrat, also questioned why HP was giving Baskins a "golden parachute" after Dunn identified her being one of the internal leaders of the leak investigation. "Do you think that's appropriate?" he asked Dunn. Dunn,Â who resigned from the HP board Sept. 21, said she was not a part of the board discussion to approve Baskins' severance package. She would have to hear the discussion before deciding if it was appropriate, she said. Baskins worked for HP for 24 years and served the company well before the recent questions, Dunn said. "She bled HP blue," Dunn said. "She made some mistakes."
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PALO ALTO, California  - Hewlett-Packard Co. on   Friday said Chairman Patricia Dunn had resigned effective   immediately as pressure on the computer maker mounts over an   internal investigation into boardroom leaks.
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By Jordan Robertson Associated Press  SAN FRANCISCO - Computer and printer maker Hewlett-Packard Co. said Monday that Bob Wayman, the company's longtime chief financial officer who briefly served as interim CEO, plans to retire at the end of the year.
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By JORDAN ROBERTSON  SAN JOSE, Calif. - Hewlett-Packard Co. said today that Patricia Dunn will step down as chairwoman of the computer and printer maker in January amid a widening scandal involving a possibly illegal probe into media leaks. She will be succeeded by CEO Mark Hurd.
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Hewlett-Packard Co. General Counsel Ann Baskins has quit, effective immediately, after almost a quarter of a century at the company.
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PALO ALTO, California  - Hewlett-Packard   Co.HPQ.N on Friday said Chairman Patricia Dunn had resigned   effective immediately as pressure on the computer maker mounts   over an internal investigation into boardroom leaks.
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Hewlett-PackardÂs longtime chief financial officer, Robert P. Wayman, will give up the post this month and his seat on the companyÂs board in March.
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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.
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The top lawyer for computer giant Hewlett Packard Co. resigned this morning, hours before the start of a congressional hearing on the firm's surveillance scandal.
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Hewlett-Packard Co. HPQ.N said on   Tuesday Chairman Patricia Dunn will step down on January 18,   2007, after coming under fire for ordering a controversial   board investigation into leaks to the media.
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Dunn-snooping The HP board of directors is meeting again later today to decide the fate of chairman Patricia Dunn.â¦
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By Jordan Robertson Associated Press  SAN JOSE, Calif. -- Hewlett-Packard Chairwoman Patricia Dunn will step down in January and be succeeded by CEO Mark Hurd amid a widening scandal involving the computer and printer company's possibly illegal probe into media leaks.
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Dunnie flushed Patricia Dunn has not survived the HP spy scandal â a turn of events that everyone except HP saw as inevitable long ago. Dunn today resigned from HP's board, elevating CEO Mark Hurd to the Chairman role.â¦
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Bob Wayman is retiring as executive vice president and chief financial officer (CFO) of Hewlett-Packard Co. (HP), capping a 37-year tenure at the company.
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Hewlett-Packard Co. chairman Patricia C. Dunn resigned yesterday and was replaced by chief executive Mark V. Hurd, who apologized for what he called "very disturbing" improprieties in an internal media leak probe that has prompted criminal and congressional investigations.
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The chairman of Hewlett Packard is stepping down amid controversy over a probe into leaks at the firm.