Thursday, September 14, 2006

Embattled H.P. Chairwoman to Step Down


The departure of Patricia Dunn is justified, given her behaviour demonstrating a colossal lack of judgement.

Onésimo Alvarez-Moro

See article:
Moving to quell its boardroom upheaval, Hewlett-Packard said today that its chairwoman, Patricia C. Dunn, would step down in January and would be succeeded by Mark V. Hurd, the chief executive.
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The company also announced that George A. Keyworth II, the company’s longest-serving director, had resigned. Mr. Keyworth had been identified last spring as a source of news leaks in an investigation ordered by Ms. Dunn, which used questionable, and perhaps illegal, subterfuge to obtain phone records of directors and journalists. He had refused a request to resign in May.

The disclosure of the investigation and its methods last week has left the company in crisis. This morning’s announcements followed two days of telephone consultations by the board in which the prime topic was Ms. Dunn’s future.

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