« Phishing the Hewlett-Packard Board of Directors??? | James Martin »
September 09, 2006
Apparently the Market Doesn't Care
More on the HP phishing case here. I find this last graph disturbing:
"Investor reaction to the Hewlett-Packard board furor has been muted. The company’s stock closed today at $36.17, up more than 2 percent on the day and almost back to the level before news of the board’s turmoil emerged late Tuesday. Indeed, at a Citigroup investor conference where Mark V. Hurd, the chief executive, spoke and answered questions on Wednesday, no securities analyst asked about the problems."
A chairwoman of the Board of Directors used the results of illegal phishing and possibly approved it and the market doesn't care? What signal does that send to every other board? No security analyst even ASKED? Not even one, "Mr. Hurd, did Ms. Dunn approve of the phishing techniques used by the investigator she hired?" All the idiocy the press reports every day and they don't ask an important question on ethics at the highest levels of one of the most important IT companies???
Should the market care? I think this is worth talking about in class this week.
Posted by DavidK at September 9, 2006 08:39 AM | Permalink