Another loose end has been tied off
in the pretexting boardroom drama that haunted computer giant HP the past
year.
HP on Wednesday announced it's reached a settlement with the Securities and Exchange Commission (SEC) related to the company's disclosure of Tom Perkins' resignation from its board of directors in May 2006.
MyWire:: Lion Rock provides panoramic views over both Shatin and Kowloon, whilst Amah Western-style open-air restaurants with views over to Lantau is very popular, http://www.mywire.com/pubs/wcities/2004/08/28/500996/print/HOME | HP said it agreed, without admitting or denying the SEC's findings, to
the entry of a cease-and-desist order by the SEC. The SEC imposed no
monetary or other penalty in connection with the settlement.
In the order, the SEC concludes that HP should not have limited its
disclosure to just the fact that Perkins had resigned, as it had done, but also should
have reported that he resigned because of a disagreement with the company's
operations, policies or practices and provided a brief description of the
circumstances around the disagreement.
[Slashdot] Stories for 2007-05-20 | Kaizenlog:: who was diagnosed with AIDS, was also appointed to HPs HR and. Compensation Committee. 3. http://news.com.com/HPs+boardroom+drama/2009-1014_3-6112817.html http://www.kaizenlog.com/2007/05/20/slashdot-stories-for-2007-05-20/HOME | Archive News & Video for Friday, 23 May, 2008 | Reuters.com:: Police clash with protesters over Naples trash law 04:49 PM EDT DOJ Settles Lawsuit With Robertson Fire Protection District of St. Louis for Racially http://www.reuters.com/resources/archive/us/20080523.htmlHOME | As part of its investigation into press leaks of its boardroom proceedings, HP used private investigators who used pretexting
to scrutinize the phone records of HP's board of directors and others, including several
reporters.
InternetNews Realtime IT News - Oracle Blasts SAP in Amended :: Contrary to SAPs claim, Oracle says no firewall existed between SAP and its now HP Settles With SEC Over Boardroom Drama. For more stories on this topic: http://www.networkmirror.com/5TdWIV9GsDvGmYDI/www.internetnded+TomorrowNow+Suit.htmHOME | HP settles SEC investigation into Perkins resignation - the wire - play™:: HP settles SEC claim over resignation HP Settles With SEC Over Boardroom Drama HP settles with SEC over disclosure http://play.tm/wire/cluster/1365838HOME | Perkins resigned in protest after HP moved to dismiss another
board member it identified as the source of the leaks. HP later reached a settlement with Perkins.
"HP acted in what it believed to be a proper manner," said Michael
Holston, executive vice president and general counsel, HP, in a statement.
"However, we understand and accept the SEC's views and are pleased to put
this investigation behind us."
The order requires HP to cease and desist from committing or causing any
violations of the public reporting requirements of the Securities Exchange
Act of 1934.
In March, the state of California dropped
felony charges against former HP chairman Patricia Dunn, a key player in the
boardroom drama.
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