HP CEO Mark Hurd Controversy?

Mark Hurd, the Hewlett-Packard CEO was forced to resign unexpectedly after a new controversy over allegations of sexual harassment erupted around him.

An investigation reportedly concluded that HP CEO Mark Hurd had "close personal relationship" with an HP contractor who happened to receive payments considered improper.

What did Mark Hurd say about the controversy?
Mark Hurd's combined role as CEO and chairman leaves a large void in the leadership at a sensitive time in HP. Who is going to replace Mark Hurd as the new HP CEO?

asked by Shane in Law & Ethics | 2116 views | 08-07-2010 at 04:21 AM

An internal investigation found that Hurd submitted false expense reports and showed a "profound lack of judgment" in connection with a female contractor who did marketing work for the company between 2007 and 2009.

They determined that Mark Hurd had not violated the company's sexual-harassment policy but did break HP rules of business conduct.
By announcing the resignation so close to the weekend, the company avoided the full force of media attention, at least temporarily.

The company also informed there were instances where the female contractor received compensation or reimbursement without a legitimate business purpose.

Robert Ryan, the lead independent director of the board, said it deliberated extensively about the matter and "recognizes the considerable value that Mark has contributed to HP". Cathie Lesjak, the company's chief financial officer, will step in as chief executive until a permanent replacement is found.

answered by Donovan | 08-07-2010 at 04:22 AM

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