December 31, 2011 |
A letter detailing allegations of sexual harassment against former Hewlett-Packard Co. Chief Executive Mark V. Hurd is renewing interest in the year-old scandal but is not expected to hurt his position at Oracle Corp. The content of the June 2010 letter, which eventually led to Hurd's ouster from HP, was disclosed Thursday after a federal judge in Delaware ruled that releasing the letter would not violate Hurd's privacy rights. Prepared by Los Angeles attorney Gloria Allred, the letter chronicles Hurd's alleged efforts to woo Jodie Fisher, an event hostess and actress.
August 28, 2011 |
Austrian economist Joseph Schumpeter is usually credited with using the term "creative destruction" to describe how capitalism evolves by supplanting the old with the new. But it's a fair bet that Schumpeter never could have imagined how creatively Hewlett-Packard Co. has managed its own destruction. Arguably the founding engineering firm of Silicon Valley when it was created by Bill Hewlett and David Packard in 1939, HP has been on a more than decade-long stumble dating back to before the appointment of the glamorous Carly Fiorina as chief executive in 1999.
January 21, 2011 |
Five months after the controversial ouster of its chief executive, Hewlett-Packard Co. announced Thursday that four members of its board of directors were stepping down. They are being replaced by five newcomers including Meg Whitman, the former EBay Inc. chief executive who was defeated in her bid to be elected California governor last November. The board of HP, which is the world's largest computer maker, drew widespread criticism last August for its handling of a scandal involving Mark Hurd, its once highly respected CEO. The board forced Hurd to resign amid accusations of sexual harassment and expense-account abuse.
December 21, 2010 |
The Securities and Exchange Commission has begun an inquiry into Mark Hurd's departure as chief executive of Hewlett-Packard Co., according to two people familiar with the matter. The people declined to be identified because the inquiry hasn't been made public. The securities regulator is looking into whether Hurd leaked information about HP's planned acquisition of Electronic Data Systems Corp. to a contractor, according to a published report. Hurd, 53, left HP on Aug. 6 after an investigation found that he violated standards of business conduct by concealing a personal relationship with a contractor.
October 11, 2010 |
Hewlett-Packard Co. on Monday defended new Chief Executive Leo Apotheker from the latest barrage of criticism and accused former CEO Mark Hurd of lying repeatedly to the board while still HP's chief. HP said there was no evidence that former SAP chief Apotheker, whose appointment disappointed some in the investment community, was involved in misconduct that took place at the German software giant, as asserted by New York Times columnist Joe Nocera. That aggressive stance, laid out in a letter to the New York Times by incoming HP Chairman Ray Lane, could further inflame the company's already testy relationship with partner and rival Oracle Corp.
October 1, 2010 |
Hewlett-Packard Co. on Thursday tapped Leo Apotheker as its chief executive, handing the reins of the world's largest technology company to a software industry veteran with global credentials. Apotheker, who spent more than two decades at German business software company SAP, abruptly resigned as its CEO earlier this year. He succeeds Mark Hurd, whose ouster by HP in August sent shock waves through Silicon Valley, where he was credited with turning around the company that is now the largest seller of printers, personal computers and servers as well as a major player in services, storage and software.