September 8, 2006 4:35 PM PDT

HP memo: We will take the necessary action

On Friday, Mark Hurd, president and CEO of Hewlett-Packard and a member of its board of directors, sent the following memo to the company's employees. The memo stresses that leaking information to the media is a problem that must and will be resolved. Hurd also indicates that some recent events are "unacceptable" but the company is waiting to amass the facts before reacting.

Mark Hurd Message to Employees
September 8, 2006

Hi, before I begin, I want to be clear that I am speaking to you today as the CEO of Hewlett-Packard, not on behalf of the HP board.

I know that many of you have read the media coverage and speculation regarding the recent actions of the HP Board. My belief is that this has nothing to do with the strategy or operations of Hewlett-Packard.

Unfortunately, there has been a long history of leaking company information within the HP board that clearly needs to be resolved, and it will be resolved.

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The HP Standards of Business Conduct are our foundation of ethical leadership, and encompass the basic principles that govern our ethical and legal obligations to HP.

The leaking of company confidential information violates our Standards of Business conduct which applies to all employees and Board members.

Clearly things have happened here that are unacceptable. But we will not react to speculation. Instead, we will continue to gather and review all the relevant facts. I can assure you we will get to the bottom of this and take appropriate action. HP's values are at the core of this company. These have not changed and will not change. HP's shared values are a set of deeply held beliefs that govern and guide our behavior.

  • We are passionate about customers
  • We have trust and respect for individuals
  • We perform at a high level of achievement and contribution
  • We act with speed and agility
  • We deliver meaningful innovation
  • We achieve our results through teamwork and
  • We conduct our business with uncompromising integrity.

    The company has made tremendous progress and I thank you again for that.

    I have told you several times that building a successful company means we will have our ups and downs, and issues will come up. We are dealing with an issue now.

    I am resolved that we will work through this and take the necessary action.

    I compliment you for focusing on our business priorities and serving our customers.

    I intend to do the same. I ask for your confidence that we will do what is needed and continue to move forward on our path to build the world?s leading technology company.

    We have the right strategy, our performance is improving and I believe that's due to the great performance of our people. We want to stay focused as a group as we continue to pursue our objectives.

    Thank you.

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    HP Memo talkback
    Blah blah blah
    Posted by mmdmurphy (3 comments )
    Reply Link Flag
    three degrees of comment
    Its unfortunate that the english language can be so ambiguous, and sometimes important things to say just sound like noise.
    A farside cartoon showing how a dog just hears the word "food" and everything is is "bla bla bla" relates to things said by corporations during profit announcements: "Bla bla bla .. 5.3% bla bla bla". The other things said are important, just not interesting.
    I am sure HP as a whole is embarrassed. Even with the many shake ups and sense of lost loyalty that employees feel, they and then company are very proud of the integrity they aspire too.
    The CEO said something important. It just isn't that interesting.
    They will do what is necessary to carry on, and I hope the best for their efforts.
    Posted by musezeek (2 comments )
    Link Flag
    Read: "We'll give it the attention it deserves...
    Then we'll all go out and have a champagne brunch.
    The problem with this memo is that he never addresses the unethical actions taken as a result of Ms. Dunn's "Investigation". Maybe he views the information leak (which was non-information anyway) as worse than the illegal gathering of phone (and other) records of both Board members as well as Reporters, I don't.

    It appears as though Mark Hurd is going to "cave in" to Ms. Dunn and the "Capone" Board and let this slide.

    Note to stock analysts: Have you checked your phone records lately? Some analysts interviewed scoffed at this being anything meaningful to them or the worth of the company, Wise Up!
    Ms. Dunn has already proven that she can turn on her own board members and external influences, do you think that you are immune? How long has this been going on?
    If I were an analyst recommending HP I would be very concerned that it's going to come back and bite me in the rear, why? Becuase it looks like to Mark Hurd and PatriciaGate gang that this is the new "HP Way".
    Posted by fred dunn (793 comments )
    Reply Link Flag

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