Today's Leaked HP Memos: Now, CEO Hurd Implicated In Scandal
from the heard-the-news? dept
Another day, another shoe drops at HP. So far, most of the controversy has centered around Chairman Patricia Dunn and the company’s legal team. For the first time, now, information is coming to light that CEO Mark Hurd may have had a direct role in the leak investigation. The Washington Post has obtained memos indicating that Hurd approved of at least some of the tactics involved, such as trailing suspected HP employees home, and planting false stories with reporters in an attempt to get them to reveal sources. These, of course, aren’t the most serious aspects, so it’s unclear when and what Hurd new about the identity fraud aspect of the investigation. But it’s telling that for the first time since the scandal broke, shares of HP are trading sharply down. If it’s just a board scandal, it doesn’t affect the company’s operations too much. But Hurd is widely seen as a savior at HP, turning the company around in his short time at the top. If the scandal grows and it becomes clear that Hurd was directly involved in the more grave actions, the company’s legal mess will become a business one as well.