resigns

Report: Hurd short-circuited HP board's probe

Hewlett-Packard's board of directors felt that Mark Hurd's settlement of a sexual harassment claim impeded its probe into allegations against its former chief executive's behavior, according to a Wall Street Journal report that cited people familiar with the matter.

The settlement between Hurd and Jodie Fisher, a former marketing contractor and sometime actress, was made without the board's knowledge and increased mistrust among board members who felt Hurd wasn't cooperating fully with their investigation into Fisher's claims, one source told the Journal.

However, a person described as being familiar with Hurd's thinking said … Read more

The resignation of HP CEO Mark Hurd (roundup)

Mark Hurd, who was at the helm of the largest computer company in the world, has resigned after an investigation into sexual harassment claims found he violated standards of business conduct.

HP CEO Hurd resigns over sexual harassment investigation Company investigation finds Mark Hurd "exhibited a profound lack of judgment," engaging in a relationship with a contractor and approving incorrect expense reimbursement for her. CFO Cathie Lesjak will take over as interim CEO. • Hurd aide with ties to Fisher leaves HP (Posted in Circuit Breaker by Erica Ogg) August 6, 2010 1:23 PM PDT

Former HP chief eyeing career options … Read more

HP board sued over Hurd ousting

The first lawsuit on behalf of a shareholder has been filed against Hewlett-Packard in connection to the resignation of former CEO Mark Hurd.

The Wall Street Journal first reported on Thursday that a Connecticut law firm is representing HP shareholder Brockton Contributory Retirement System in a complaint against HP's board of directors, Hurd, and interim CEO Cathie Lesjak. The suit accuses the board of breach of fiduciary duties in how it handled Hurd's resignation.

The board on Friday announced that it asked Hurd to resign as chief executive of one of the world's foremost technology companies after … Read more

Hurd aide with ties to Fisher leaves HP

The fallout from Mark Hurd's resignation from Hewlett-Packard last week continues.

On Wednesday came news that one of Hurd's closest aides, and a person connected to the hiring of the marketing contractor whose sexual harassment claim led to Hurd's resignation, resigned from HP this week.

Fortune reported that Caprice Fimbres McIlvaine has also left the company, effective Monday. An HP representative confirmed her departure but would not comment on the reason.

McIlvaine's title was CEO Program Manager, according to HP. Fortune adds that she was in charge of internal communications and operated as a chief of … Read more

Qualifications needed to be HP's next CEO

The world's largest technology company by revenue and the outfit that birthed Silicon Valley has very suddenly and unexpectedly put out a figurative "help wanted" sign.

After parting ways with CEO Mark Hurd on Friday over inaccurate expense reports and claims (that have been since been settled out of court) of sexual harassment from a former marketing contractor, Hewlett-Packard is already on the hunt for someone to fill his shoes.

The decision was shocking to Wall Street and the tech industry, and has taken some flack. Hurd's success at the company in his five-year tenure is … Read more

Report: HP took PR firm's advice in Hurd scandal

Before announcing that Mark Hurd's tenure at the helm of Hewlett-Packard had reached its end, the company's board of directors reportedly sought the advice of a public relations firm on how best to grapple with sexual harassment allegations against its chairman and chief executive officer.

During a presentation conducted by an APCO Worldwide representative, board members were convinced the company would have to endure months of humiliation if news of the allegations leaked to the public, according to a New York Times report that cited a person briefed on the presentation. The Washington, D.C.-based public relations … Read more

HP stock down 7.4 percent after Hurd departure

Wall Street investors had a weekend to think about the abrupt departure of Hewlett-Packard CEO Mark Hurd. Conclusion: they're not pleased.

HP's stock opened at $42.60 on Monday morning and dropped $3.40, or 7.4 percent, over the course of the business day. In total, the company lost about $7.9 billion in market capitalization.

Hurd resigned as top executive of the world's largest technology company by revenue on Friday, after a company investigation found that he had turned in inaccurate expense reports, reportedly in the range of $1,000 to $20,000. The company'… Read more

Woman in Hurd probe 'surprised, saddened'

The woman at the center of the sexual harassment probe that led to the resignation of Hewlett-Packard CEO Mark Hurd has come forward and said she was taken aback by his departure from the Silicon Valley giant.

"I was surprised and saddened that Mark Hurd lost his job over this. That was never my intention," Jodie Fisher, a former salesperson and actress, said in a statement released Sunday by Los Angeles attorney Gloria Allred. Her statement confirms earlier reports that she had resolved her claim against Hurd and said the two of them did not have a sexual … Read more

Former HP CEO Hurd settles with accuser

Former Hewlett-Packard CEO Mark Hurd has reportedly settled sexual harassment claims that led to his departure from the company.

Hurd paid the woman, who was previously identified as a contract worker, an undisclosed amount of money, according to an Associated Press report. HP was reportedly not contributing any funds to that sum. (The resolution of the claim was later confirmed by Jodie Fisher, the contract worker at the center of the probe.)

Hurd resigned his position as chairman and chief executive officer of the Silicon Valley giant on Friday after it was revealed that HP had conducted an investigation into … Read more