6. HP Deals With Fallout From Bribery Probes
The Mark Hurd scandal wasn't the only embarrassment HP had to deal with this year. In April, Russian authorities raided HP's Moscow offices as part of an investigation into whether HP paid about $11 million in bribes to win a lucrative Russian government contract in 2003. In September, the Securities and Exchange Commission (SEC) and US Department of Justice (DOJ) launched their own investigation into the allegations.
In August, HP reached a settlement with the DOJ in a long running investigation into alleged kickbacks paid out by HP to win lucrative government contracts. HP channel partners found all of this quite ironic given that HP last year forced all of its partners to complete a $120 anti-bribery training program or risk losing their partner status.