CIO’s Christopher Lynch submits this nugget.In September, Hewlett Packard Chairwoman Patricia Dunn resigned for allegedly ordering private investigators to spy on board members and journalists to find out who’d been leaking sensitive company information to the press. Now the man who replaced her, CEO Mark Hurd, is on the hot seat about what he knew and when he knew it. Last week, he fielded questions from lawmakers about his involvement in the scandal and took responsibility for HP’s missteps. Then you have McAfee et. al. reeling from a stock options scandal and firing president Kevin Weiss. Of course, executive scandals are nothing new. But what impact do they really have on the corporate bottom line? Here we look at five CEOs from technology and IT services companies who handled their scandals poorly, and what affect that had (or didn’t have) on their companies.Company: Brocade Communications Systems, Inc. — Provider of switches and data storage supplies. Former CEO: Gregory L. Reyes Reason for Resignation:Resigned Jan. 2005 after company reported finding suspicious accounting of stock options. Plead not guilty Aug. 2006 to securities fraud and other charges. Case pending.Company Revenue Then: $596,300,000Company Revenue Now: $574,100,000Stock Price Then: $6.14Stock Price as of October 3, 2006: $7.56 Company:Keane, Inc. — IT consultingFormer CEO:Brian Keane Reason for Resignation:Resigned May 2006 after allegations of “personal misconduct.” Company Revenue Then: $955,900,000Company Revenue Now: Not Available Stock Price Then: $14.36Stock Price as of October 3, 2006: $11.64Company:Comverse Technology Inc. — Communications systems.Former CEO:Jacob “Kobi” AlexanderReason for Resignation: Stepped down May 2006 after he and others are accused of stock option manipulation. Disappeared in July after authorities unsealed a criminal complaint. Captured in Sept. in the Republic of Namibia. He has posted bail there, while awaiting extradition to the U.S.Company Revenue Then: $959,400,000Company Revenue Now: Not available.Stock Price Then: $23.65Stock Price as of October 3, 2006: $21.35Company:CA — Enterprise software vendorFormer CEO:Sanjay KumarReason for Resignation:Resigned in April 2004 in wake of $2.2 billion accounting fraud. Plead guilty April 2006. Faces up to 20 years in prison.Company Revenue Then: $3,276,000,000Company Revenue Now: $3,796,000,000Stock Price Then: $26.34Stock Price as of October 3, 2006: $23.64Company:Qwest — TelecommunicationsFormer CEO:Joseph P. NacchioReason for Resignation:Resigned June 2002 to “be with his family.” Charged with 42 counts of securities fraud and insider trading in December 2005. Case pending.Company Revenue Then: $15,385,000,000Company Revenue Now: $13,903,000,000Stock Price Then: $4.80Stock Price as of October 3, 2006: $8.61 Related content opinion The Importance of Identity Management in Security By Charles Pelton Nov 28, 2023 5 mins Cybercrime Artificial Intelligence Data Management brandpost Sponsored by Rocket Software Why data virtualization is critical for business success Data is your most valuable resource—but only if you can access it fast enough to address present challenges. Data virtualization is the key. By Milan Shetti, CEO of Rocket Software Nov 28, 2023 4 mins Digital Transformation brandpost Sponsored by Rocket Software The hybrid approach: Get the best of both mainframe and cloud Cloud computing and modernization often go hand in hand, but that doesn’t mean the mainframe should be left behind. A hybrid approach offers the most value, enabling businesses to get the best of both worlds. By Milan Shetti, CEO Rocket Software Nov 28, 2023 4 mins Digital Transformation brandpost Sponsored by Rimini Street Dear Oracle Cloud…I need my own space Access results from a recent Rimini Street survey about why enterprises are rethinking their Oracle relationship and cloud strategy. By Tanya O'Hara Nov 28, 2023 5 mins Cloud Computing Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe