Hewlett-Packard chairman resigns
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PALO ALTO, California  - Hewlett-Packard Co. said   on Friday that Chairman Patricia Dunn has resigned effective   immediately, as pressure mounts on the computer maker over the   methods it used to investigate boardroom leaks.
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Hewlett-Packard Co. HPQ.N said on   Thursday its general counsel, Ann Baskins, resigned ahead of a   congressional hearing on the company's snooping into the   telephone records of some board members and journalists.
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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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California's Hewlett-Packard Co. said its chairwoman would step down and be replaced by the chief executive, further fallout from a corporate spying scandal.
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Hewlett-Packard Co. CEO Mark Hurd this afternoon said in a news conference that HP Chairman Patricia Dunn is stepping down.
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Ann Baskins, general counsel for embattled computer maker Hewlett-Packard, resigned from the company Thursday.
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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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Patricia C. Dunn resigned and will be replaced by the companyÂs chief executive. Also, two key members of H.P.Âs investigation task force are said to be out.
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By Damon Darlin  Moving to quell its boardroom upheaval, Hewlett-Packard said Tuesday that its chairwoman, Patricia Dunn, would step down in January and would be succeeded by Mark Hurd, the chief executive.
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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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JUST IN At a press conference in Palo Alto, Calif. Friday, Hewlett-Packard CEO Mark Hurd addressed the issues surrounding the investigation into a boardroom leak, saying former chairwoman Patricia Dunn is fully resigning her post from the board. More coverage of this latest development coming shortly.
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CEO Mark Hurd takes over chairman's post as Patricia Dunn resigns from a board grappling with scandal.
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(InfoWorld) - 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. Wayman, 61, will step down at the end of the year to be replaced by Cathie Lesjak, 47, currently HP's treasurer and senior vice president. Wayman began his HP career in 1969 as an accountant and worked his way through a number of finance positions until he was named CFO in 1984. He helped guide HP through its controversial acquisition of Compaq Computer Corp. in 2002 and served as interim chief executive officer (CEO) after the board fired CEO Carly Fiorina in February 2005. He served until Mark Hurd was hired as Fiorina's replacement in April of last year. Wayman served in HP's board from 1993 to 2002 and again since February 2005. He will remain on the board until the shareholders meeting in 2007 but will not stand for re-election. "He has contributed greatly to HP's success and I am particularly grateful for the counsel and support he has provided me," said Hurd, in a prepared statement. Lesjak has been with HP for 20 years and has been treasurer since 2003. As CFO she will be responsible for the company's financial operations including all business unit and corporate controllership, treasury and tax functions. Her successor as treasurer will be named at a later date.
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Hewlett-PackardÂs general counsel resigned over the companyÂs spying case, the fourth official to leave the company in the last week.
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Hewlett-Packard's chairwoman says to step down if required    LOS ANGELES, Sept. 8 (Xinhua) -- Hewlett-Packard Co. Chairwoman Patricia Dunn said on Friday that she would resign if requested by the company's board.
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California officials investigating the corporate spying issues at Hewlett-Packard Co. are examining the role of a Massachusetts investigations firm, Security Outsourcing Solutions Inc., in the events leading to Tuesday's decision by H P chairwoman Patricia C. Dunn to step down, according to published reports.
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PALO ALTO, California  - Hewlett-Packard   Co.HPQ.N 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.