Patricia Dunn
Patricia Dunn has agreed to step down as chairman of HP in January 2007. HP hired private investigators to spy on board members and the media in an attempt to stop confidential information leaks. People have questioned the ethics and... [more]
Patricia Dunn has agreed to step down as chairman of HP in January 2007. HP hired private investigators to spy on board members and the media in an attempt to stop confidential information leaks. People have questioned the ethics and legality of some of the techniques used in the investigation. Dunn's resignation is directly tied to this scandal.
The HP board has appointed Mark Hurd as her successor. Richard Hackborn has been designated lead independent director.
- Patricia Dunn, regarding the HP board investigations
Her statement upon resigning from HP:
“I have resigned today at the request of the board. The unauthorized disclosure of confidential information was a serious violation of our code of conduct. I followed the proper processes by seeking the assistance of HP security personnel. I did not select the people who conducted the investigation, which was undertaken after consultation with board members. I accepted the responsibility to identify the sources of those leaks, but I did not propose the specific methods of the investigation. I was a full subject of the investigation myself and my phone records were examined along with others. Unfortunately, the people HP relied upon to conduct this type of investigation let me and the company down. I continue to have the best interests of HP at heart and thus I have accepted the board’s request to resign. I look forward to appearing before Congress next week to answer their questions and help the company put this unfortunate event behind it.”
"These leaks had the potential to affect not only the stock price of HP but also that of other publicly traded companies," she said. "Unfortunately, the investigation, which was conducted with third parties, included certain inappropriate techniques. These went beyond what we understood them to be, and I apologize that they were employed."
- Patricia Dunn
“I hope I live long enough to see my reputation cleared,” Patricia Dunn, the recently fired chairwoman of Hewlett-Packard, told the press.
Director since 1998
Ms. Dunn was named non-executive chairman of the board of directors of HP in February 2005. A member of HP's board since 1998, she previously served as chairman of the audit committee. Ms. Dunn was elected vice chairman of Barclays Global Investors (BGI) in 2002 and served as its co-chairman, chairman and chief executive officer from 1995 through 2002. As CEO of BGI, she directed its growth into new global markets for the firm's core investment capabilities and expanding its offerings into new product categories. Ms. Dunn advises on strategy and key business issues for BGI. She joined the firm's predecessor organization, Wells Fargo Investment Advisors, in 1978. She also serves on the advisory board of the UC Berkeley Haas School of Business, as well as the conference board's Center for Corporate Governance, and serves as the director and a member of the executive committee of Larkin Street Youth Services in San Francisco.
Linked from http://www.hp.com/hpinfo/newsroom/press/2006/060922a.html
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HP is a technology solutions provider to consumers, businesses and institutions globally. The company�s offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended July 31, 2006, HP revenue totaled $90.0 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.
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