Hewlett-Packard Co. ’s Mark Hurd surprised the board by settling a sexual-harassment claim before directors could learn more about the incident, a final breach of trust that contributed to his ouster as chief executive officer, two people familiar with the decision said.
Former Hewlett-Packard Co. Chief Executive Officer Mark Hurd tried to persuade Jodie Fisher to have sex and kissed and touched her inappropriately while she was a company events contractor, according to a much-contested letter that was ordered to be released by a court yesterday.
The sudden departure of Hewlett- Packard Co. Chief Executive Officer Mark Hurd leaves the company in search of a successor who can integrate more than $20 billion in acquisitions and maintain sales growth.
Hewlett-Packard Co. asked a Delaware judge to dismiss a shareholder lawsuit seeking documents related to former Chief Executive Officer Mark Hurd ’s departure, saying the request is “overbroad” and fails to set forth a basis to find probable wrongdoing.
Hewlett-Packard Co.’s lawsuit seeking to block former Chief Executive Officer Mark Hurd from working at Oracle Corp. may be hard to win because California’s courts favor letting employees move freely, legal experts said.
Hewlett-Packard Co. ’s Mark Hurd resigned as chief executive officer after an investigation found he had a personal relationship with a contractor who received numerous inappropriate payments from the company.
Oracle Corp. , the world’s second- biggest software maker, said it will pay former Hewlett-Packard Co. Chief Executive Officer Mark Hurd $950,000 a year in salary as president, with a bonus of as much as $10 million.