I had posted earlier about the HP scandal that forced its chairperson Patricia Dunn and Chief Ethics Officer Kevin Hunsaker to resign. In the post I mentioned that it would have been best if HP had made a clean breast of the entire issue at the first instance, and not waited until things got muckier.
The latest news is that the California Attorney General has indeed filed criminal charges against Dunn, Hunsaker and the others. The most interesting note is the use of computer forensics to unearth much of the evidence in this case. Although, one accused is reported to have destroyed his hard drive with a hammer - pretty effective I must say. I'll go out on a lark here and predict that the new HP CEO, Mark Hurd might have to end up resigning too, because its quite likely he knew pretty much enough about the whole "pretexting" investigation to make the call that they were indeed crossing the line.
CNet News has a comprehensive coverage of the entire story, which promises to reveal a lot more about what went on behind the scenes at one of America's largest corporations.
Another related item on corporate ethics is Steve Jobs' apology to shareholders where certain stock option grants were pre-dated so that they were shown as being given on an earlier date when the share price was lower, thus bringing immediate benefits to those who received them.
About Me
- Kanwal K Mookhey
- Mumbai, India
- I run an IT Security consulting firm based out of India. We started off from scratch in 2001 when I was 21, and have offices in Mumbai, Bahrain, and UAE. The idea behind the blog is to share the stories of how we run the business, the deals we make, the deals that break, the heartburn, and the sheer joy.
The Ultimate Startup Guide
The Ultimate Startup Guide is an e-book that provides answers to all your questions related to starting and growing a business in India. Everything you wanted to know about entrepreneurship in India from ideation to registration to marketing to hiring. The book contains a large number of practical examples, anecdotes, interviews, and motivational material to help you get started, and to grow rapidly in a booming Indian economy. If you've got the idea, this book will help you through with the execution and realize your dreams.
Here are some of the key questions you will find answered in this book:
Details of the book are: Title: The Ultimate Startup Guide Author: Kanwal Mookhey Pages: 150 Additional: Companion CD contains numerous templates for building your business plan, calculating cashflow, preparing profit and loss, and balance sheets, preparing invoices, your resume and profile, marketing material, websites, contracts, and many other useful and motivational material. |
Wednesday, October 04, 2006
HP's boardroom scandal - update
Posted by Kanwal K Mookhey at 5:06 PM
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2 comments:
HI Very good and useful information .Thanks for sharing .Keep up the Good work
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Thanks for sharing.
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