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Latest News on Hewlett Packard Scandal

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  • Latest News on Hewlett Packard Scandal

    I know the news on the scandal in Hewlett Packard was released weeks ago in the media. But here is the latest update on the situation for those of you interested:
    FROM: http://www.bloomberg.com/apps/news?p...IqI&refer=home

    U.S. House Panel Subpoenas Hewlett-Packard Officials (Update1)

    By Christopher Stern
    Sept. 25 (Bloomberg) -- Two Hewlett-Packard Co. executives and an outside investigator were served subpoenas to appear before a U.S. House subcommittee Thursday to answer questions about the company's probe of boardroom leaks.
    Kevin Hunsaker, Hewlett-Packard's senior counsel and director of ethics, and Anthony Gentilucci, the company's global security manager, were served subpoenas over the weekend compelling them to appear at the hearing, said a committee source who is familiar with the matter. Also subpoenaed was outside investigator Ronald DeLia, the source said.
    It is not clear if any of the three subpoenaed witnesses refused to appear voluntarily. However, DeLia, who was hired by Hewlett-Packard to investigate boardroom leaks, has indicated that he may invoke his constitutional right, under the Fifth Amendment, to refuse to testify to protect himself from self- incrimination. Both Hunsaker and Gentilucci are in the process of leaving the company, a person familiar with the matter said last week.
    Other company witnesses also scheduled to appear at the hearing are Chairman and Chief Executive Officer Mark Hurd, former Chairwoman Patricia Dunn, General Counsel Ann Baskins, and Fred Adler, a company investigator, according to a final list of witnesses released by the oversight and investigations subcommittee of the House Energy and Commerce Committee.
    Also on that list are Larry Sonsini, chairman of Wilson Sonsini Goodrich Rosati, a Palo Alto, California-based law firm used by Hewlett-Packard, and Joe Depante, owner of Action Research Group, an investigations company based in Melbourne, Florida.
    Shares of Hewlett-Packard rose 60 cents to $35.71 at 4:02 p.m. in New York Stock Exchange composite trading. They've risen 25 percent this year.
    To contact the reporter on this story: Christopher Stern in Washington at (Link Removed).
    Last Updated: September 25, 2006 16:16 EDT

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