Friday, August 06, 2010

Hewlett-Packard CEO Mark Hurd Resigns After Sexual Harassment Probe - WSJ.com

http://online.wsj.com/article/SB10001424052748703309704575413663370670900.html

hmmm, do i smell conspiracy?? - funny that it happens during contract renegotiation. who knew that and could benefit from it?

the fact that there was no affair is a red herring. harassment is an attempt tocoerce someone into an improper relationship thru ones position power. looks like he tried for a while, wined and dined her, paid her a little too much, but she turned him down, and like any Master of the Universe, he thought he didnt have to take no for an answer, and she finally called him on it. and by that time there was a paper trail. hello, gloria allred? she probably got the big payoff for not pressing further charges in public.

with all the ethics scandals that hp has seen, the board had no choice but to fire him. any other ceo would have gotten away with it, come on.

"Mr. Hurd, H-P's CEO since 2005, had been in discussions with the board to extend his tenure as CEO before the woman's letter surfaced, according to a person familiar with the discussions. Mr. Hurd was in talks for a three-year contract that could have been valued at $100 million, a person familiar with the matter says.

Mr. Hurd's relationship with the board soured during the investigation, people familiar with the matter said. The findings of the investigation were presented to the board July 28, these people said.
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