Boardroom

Hewlett-Packard reported a four-fold increase in profits for its fourth quarter on a more modest rise in sales, as the top PC maker turned in results that exceeded Wall Street forecasts. In fact, the company's full fiscal year results showed it moving past IBM as the world's largest technology compa...

Former HP chairwoman Patricia Dunn on Wednesday pled not guilty to criminal charges in connection with the corporate spying scandal that swirled around the technology giant earlier this year. Accompanied by her husband, Bill Jahnke, Dunn entered her plea before a Santa Clara County, Calif., Superior...

The press has been replete with complaints from companies that have to comply with Sarbanes-Oxley. Some of the criticisms were based upon the outsized cost of compliance. Other criticisms revolved around the difficulty and intricacy of compliance, especially to Section 404, Management Assessment of ...

Data security giant McAfee said Wednesday it has fired its president and accepted the resignation of its CEO after an internal investigation into stock options accounting turned up problems that will require extensive restatement of past earnings. CEO George Samenuk, who also held the position of ch...

The Sarbanes-Oxley Act of 2002 is a congressional act passed to prevent future scandals of Enron proportion and is considered to be one of the most significant changes to federal securities law in the United States. The Enron scandal and other similar scandals damaged investors' confidence in the ac...

The California Attorney General's office late Wednesday charged former Hewlett-Packard Chairwoman Patricia Dunn, a second high-ranking HP executive and three others with felony fraud and conspiracy. All five face four felony counts of fraudulent wire communications, wrongful use of computer data, id...

The boardroom investigation scandal at Hewlett-Packard claimed another high-profile resignation Thursday, with General Counsel Ann O. Baskins quitting, a move announced just hours before CEO Mark Hurd and other executives were due to testify before Congress. HP announced Baskins' resignation in a fi...

Two employees of Hewlett-Packard and a contractor hired to help investigate boardroom media leaks have been subpoenaed to testify before Congress. Senior counsel Kevin Hunsaker and Global Security Manager Anthony Gentilucci both received subpoenas to testify before House Energy and Commerce Committe...

Hewlett-Packard CEO Mark Hurd scheduled a press conference for late Friday afternoon, seeking to answer questions about his involvement in the boardroom-level investigation into press leaks that is now the subject of a criminal probe. HP announced that Hurd would speak to reporters after the U.S. st...

In today's ever more challenging business climate, CEOs are pressured to handle multiple tasks, each of which might be critical to the long-term success of the company. If the CEO takes his/her eye off the ball for even a short length of time, other competing tasks might go undone to the detriment ...

The office of the California Attorney General indicated it could be just days away from filing charges in connection with the investigation into media leaks conducted by former Hewlett-Packard Chairman Patricia Dunn. In a nationally televised interview Wednesday, Attorney General Bill Lockyer indica...

Michael Dell, whose namesake company has seen earnings drop, market share erode and accounting questions raised in recent months, attempted to deflect the blame from CEO Kevin Rollins, saying he too is partly to blame for the PC maker's missteps. Rollins, the former Dell COO who Michael Dell hand-pi...

With memories of ousted Hewlett-Packard CEO Carly Fiorina still fresh in the minds of many, news comes that the company's chairman, Patricia Dunn, has agreed to step down. Dunn, who climbed the corporate ladder from secretary to CEO at Barclays Global Investors after abandoning a career in journalis...

HP is seeking to remove a member of its board of directors after an internal investigation showed he was responsible for leaking confidential board-level discussions to the media. The company said it will not renominate George A. Keyworth II to his seat on the board. HP reportedly put some board mem...

Sarbanes-Oxley has really sharpened the businessperson's awareness of the fiduciary responsibilities of corporate board service. In fact, it seems that nowadays, even the press has become more attentive to what's going on in the corporate boardroom. The recent battles over directorship seats at H.J....