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HP's Hurd continues to spin away from accountability

Original post made by J.L, Ventura, on Nov 16, 2006

Looks like Mark Hurd is managing to avoid accountability at the top. Seems he's forgotten a lot of things. How convenient. Web Link

So now we have Patricia Dunn and some others taking the entire fall for the inexcusable breach of legal constraints that have been set up to protect our privacy Web Link

What especially irks me about this turn of events is that no reasonable person would believe that Hurd and Dunn weren't talking about these things in private. It's incredulous when one hears from Hurd that he didn't know anything untiil the last minute. Meanwhile, Hurd continues to take credit for a serendipitous increase in HP's stock dividends, due mostly to suandering HP revenues on software aquisitions and market spin. Web Link

from the last link: "Hewlett-Packard (nyse: HPQ - news - people ) is set to report fourth-quarter earnings on Thursday after the close of trading. Analysts polled by Thomson First Call expect the company to post a profit of 64 cents per share on sales of $24.12 billion, compared with year-ago income of 51 cents per share on sales of $22.91 million. American Technology Research reiterated a "neutral" rating on the stock on Nov. 13. "We believe investors may be paying too much of a Mark Hurd premium as the story remains primarily a cost cutting one with software acquisitions and lackluster organic revenue growth," the firm said."

I hope the state DA will pursue this right to the end, and not let Hurd off the hook. If there's a trial, Dunn will not go quietly. She was wrong in her actions, but it's imappropriate that she shuold be taking the entire fall. There is simply no way an operation of this kind could have been missed by someone that Dunn interacted with on practically a daily basis.

Comments (3)

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Posted by David
a resident of Professorville
on Nov 17, 2006 at 9:55 am

You really have it in for Mark Hurd.

I have no brief for the guy. I think he was very lucky to come into a turnaround situation at the very bottom and just had to do the cost reduction stuff that any experienced executive would do in that situation.

But I would remind you that the "pretexting" thing started under the reign of Carly Fiorina and was well under way when Hurd joined the company. Why do you never criticise her? Do you like her hair?


Like this comment
Posted by JL
a resident of Ventura
on Nov 18, 2006 at 11:42 pm

Seems like you have a love affair going with Mark Hurd. Perhaps you shuld put him on yuor holiday gift list? :)

Carly Fiorina was probably the worst thing that ever happened to HP.

There is NO WAY that Hurd would not have been briefed on top line details of that investigation. It's COMMON KNOWLEDGE that CEO's and the Chair's of Corporate Boards have RICH lines of communication. It's pretty disengenuous of Hurd to cop out of this, but then why not? Accountability is something that doesn't seem to count anymore.

Look at Fiorina, and other failed CEO's - most of them walk away with more money than most of their prior subordinates would take 4 lifetimes to earn.

Like this comment
Posted by joyce
a resident of College Terrace
on Nov 19, 2006 at 12:15 am

Four lifetimes? Try forty lifetimes. HP Ceos make millions upon millions, while they lay people off, cut health insurance for the employees, and farm out jobs to incompetents overseas (try waiting an hour on hold for hp tech support(sic) with Bombay's greatest hits playing in your ear and then getting someone at the end of a semi-inaudible telephone connection who barely speaks English and has no clue about anything technical.)

But, hey, I'm sure Hurd and Carly have nice bank balances, and that's all that matters.

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