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Four members of Hewlett-Packard’s board of directors are stepping down six months after CEO Mark Hurd was forced to resign in the wake of a sexual harassment scandal.
The departures come as Hewlett-Packard Co., the world’s biggest technology company by revenue, is under fire for its handling of Hurd’s ouster and the size of his severance payout.
A committee of Hewlett-Packard directors will investigate former CEO Mark Hurd’s departure from the company amid sexual harassment allegations last year, according to a recent court filing.
The inquiry comes in the course of shareholder litigation involving the company. The investigation will be conducted by independent directors who joined HP’s board after Hurd’s departure, assisted by outside lawyers, the Jan. 14 court filing shows. Get the full story »
Hewlett-Packard Co. is suing former Chief Executive Mark Hurd to stop him from taking a job at rival Oracle Corp.
The complaint filed Tuesday in a California state court comes a day after Oracle hired Hurd as co-president to help lead the database software maker as it tries to muscle in on more of HP’s turf. Get the full story »
Shareholders of Hewlett-Packard Co. have filed a “derivative lawsuit” against the technology company and its board over fallout from former CEO Mark Hurd’s abrupt resignation last week.
A derivative lawsuit lets shareholders sue executives or board members over claims that their actions harmed the company. Get the full story »
Former Hewlett-Packard CEO Carly Fiorina is declining to weigh in on the ouster of her successor, Mark Hurd. She says she is focused on her Senate campaign. Get the full story »
Shares of Hewlett-Packard Co. tumbled Monday in the first trading day following CEO Mark Hurd’s sudden forced resignation Friday from the world’s largest technology company. Hurd stepped down from the post Friday following allegations that he falsified expense reports to conceal a relationship with a former contractor.
Hewlett-Packard Co. said CEO Mark Hurd is stepping down following a sexual-harassment probe that found other violations of company standards. HP said Friday that Hurd decided to leave after the investigation into a sexual-harassment claim made against him and the company by a former HP contractor. The probe concludes that the company’s sexual-harassment policy was not violated, but that its standards of business conduct were.
