HP CEO Steps Down After Sexual Harassment Issue
With his credibility severely tarnished by a sexual harassment case, CEO Mark Hurd has stepped down from his position as HP CEO.
Hurd is being charged with sexual harassment, a probe which showed he had a “close relationship” with a former HP contractor who received improper payments.
Hurd, 53 and married, was brought into the sexual harassment issue when one of HP’s former contractors revealed she had a close personal relationship with the HP CEO.
While the investigation did not find any violations of sexual harassment, it did find violations to HP’s standard of business conduct. Hurd had filed “numerous” inaccurate expense reports that compensated or reimbursed the woman for around $20,000 during a 2 year stretch.
Hurd came into HP in 2005 and stands to receive $12.2 million upon his separation. Cathie Lesjak, the company’s Chief Financial Officer will act as the interim CEO until the company finds a suitable replacement for the disgraced Mark Hurd.
Related posts:
No tags for this post.Did you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically to your feed reader.
