Filed in archive corporate governance by leon on March 16, 2007

After a hellish few months, Hewlett-Packard chief executive Mark Hurd and former chairwoman Patricia Dunn have had huge boosts.

First, HP shareholders have come out with a huge vote of confidence in Hurd by rejecting a plan that would have give them more say over who sits on the board, reports Bloomberg.

Coming after the total board dysfunction surrounding HP's pretexting scandal, covered here and here, this is a significant victory for Hurd and HP directors.

The other big development is the judge dropping all charges against former chair Dunn and letting three other defendants avoid jail, reports the Houston Chronicle.

Sounds like the court bent over backwards to deliver this result, according to this news report.

Indeed, the entire company has just been given a get out of jail card.

Related Entries:

HP spy scandal: the Mark Hurd memo - 11 September 2006
HP's Mark Hurd has some explaining to do - 22 September 2006
HP's apology not Hurd - 22 September 2006
Patricia Dunn: Everybody does it! - 06 October 2006
Subprime tremors: is this the tipping point? - 15 March 2007

« Subprime tremors: is this... | Main | SEC's Cox says SOX should... »

Permalink: The HP saga: big wins for Hurd and Dunn

Tags: Mark Hurd Patricia Dunn pretexting hurd business hurd+dunn wins+hurd saga+wins

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Vote for The HP saga: big wins for Hurd and Dunn:

Currently 7.80/10
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Rating: 7.80 out of 5 vote(s) cast.

Response from: Sharon (03/22/07 2:31pm)

We're all innocent until what?.. Broke! Money talks, obviously.
http://www.prepaidlegal.com/hub/sharonreeves

Response from: news.fatpitchfinancials.com

After a few nightmare months, Hewlett-Packard chief executive officer and former chair Patricia Dunn have had big wins. For HP, it�s a get out of jail card.

Response from: BizzBites.com

After a few nightmare months, Hewlett-Packard chief executive officer and former chair Patricia Dunn have had big wins. For HP, it’s a get out of jail card.