HP chairwoman Patricia Dunn has resigned from the company, effective immediately -- moving up her previously announced decision to step aside in January, and she'll also give up her seat on the board, which she'd planned to keep. Dunn looks like the fall woman here, and the evidence is mounting that she should be. She'll be replaced by HP CEO Mark Hurd, but by no means does that mean the spying scandal's over, since every new set of memos and emails the press gets a hold of seems to implicate him further. Dunn's position was untenable, and that was pretty clear from the outset, at least to most external observers. Dunn never really appeared to understand that this story was a lot bigger than she'd thought, though of course it was poor judgment on her part that kicked this whole thing off. In the meantime, Hurd continues to downplay his knowledge of and role in the spying scheme ahead of his testimony before a House panel next week. But despite Dunn being the figurehead of this scandal, it's highly unlikely that her resignation will close the book on it. Hurd's looking mighty vulnerable, too, and that's bad news for HP and its investors.
If you liked this post, you may also be interested in...
- Taiwanese Contract Manufacturers Set Sights On Brand-Name Prize
- Wow -- SoundExchange Does Something Reasonable, Says It Won't Enforce New Webcast Royalties Yet
- EMI Says Initial Sales Of DRM-Free Tracks Look Good
- FCC Says Rural Telcos Have To Play Nice With VoIP
- Syndicating Satellite To Terrestrial Pays Off, At Least A Little, For XM