HP’s board of directors has launched an internal investigation into the circumstances of former CEO Mark Hurd’s departure from the company. The investigation was disclosed in a filing to the San Jose, Calif., federal court on Jan. 14. Hurd resigned from the company in August 2010 following allegations of misreported expenses and an alleged affair with marketing contractor Jodie Fisher. The third investigation to deal with Hurd’s firing, this probe is a response to a shareholder lawsuit stating that Hurd’s severance package totaling about $30 million was excessive.
Loading ...
HP to Dig Deeper Into Claims of Hurd Hankie-Pankie
Posted by: Rob Spiegel January 20, 2011 01:34 PMHP’s board of directors has launched an internal investigation into the circumstances of former CEO Mark Hurd’s departure from the company. The investigation was disclosed in a filing to the San Jose, Calif., federal court on Jan. 14. Hurd resigned from the company in August 2010 following allegations of misreported expenses and an alleged affair with marketing contractor Jodie Fisher. The third investigation to deal with Hurd’s firing, this probe is a response to a shareholder lawsuit stating that Hurd’s severance package totaling about $30 million was excessive.