Hints and tips:
...I spent more than a few hours meeting Sir John and his principal adviser Sarah Hogg and many more with foreign secretary Douglas Hurd, a close friend....
...Non-executive chairman Patricia Dunne resigned amid a boardroom spying scandal in 2006, while former chief executives Carly Fiorina and Mark Hurd were forced out for different reasons....
...Yacktman Asset Management also pointed to the board’s 2010 decision to pay $2.1bn to win a bidding war for 3Par, a data technology storage company, when HP did not have a permanent chief executive after Mark Hurd...
...Only six of them were around when Mark Hurd was pushed out as CEO in August 2010....
...“This was not the board that fired Mark Hurd,” who dramatically increased HP’s size and proftability during his time as chief executive....
...The San Diego-based firm must maintain at least 0.5 per cent of its shares, which had lost more than half their value between Mr Hurd’s August 2010 dismissal and last month....
...Directors cleared Mr Hurd of a contractor’s sex harassment claim but lost faith in him during the inquiry....
...The 13-strong board now has a majority of members who have joined since Mark Hurd was dismissed as chief executive last summer, and many have overlapping relations....
...Nevertheless, it negotiated a lucrative departure for Mr Hurd, who settled privately with Ms Fisher....
...The WSJ cites sources saying that the SEC has been investigating circumstances surrounding Hurd’s departure....
...The HP board fractured last year after a challenge to Mr Hurd’s stewardship....
...“One of the obvious possibilities is that the decisions around Hurd and some of the subsequent actions were a schism or a factioning on the board”....
...Representatives of Mr Hurd have said the board overreacted to Ms Fisher’s claim....
...Incoming Hewlett-Packard chairman Ray Lane has issued a number of astonishing public accusations that Mark Hurd “repeatedly lied” to the company’s board during the investigation that led to his ousting,...
...Meanwhile, at Hewlett-Packard, the reverberations from the boardroom scandal that led to the departure last August of highly regarded chief executive Mark Hurd continued to be felt this week....
...HP’s board has continued to come under fire for dismissing Mr Hurd, who made the company the largest in the technology industry....
...HP directors said Mr Apotheker had been their unanimous and only choice among six candidates qualified to succeed Mark Hurd, who was dismissed in early August amid controversy over his expense filings....
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