HP's Hurd probed over share sales

THE BELEAGUERED CEO of Hewlett Packard is being asked why he cashed in $1.37 million of shares just before the false pretences scandal hit the fan.

The Wall Street Journal, which suffered the slings and arrows of outrageous behaviour, said that a couple of senior US politicos of the Democratic persuasion want to know why he exercised options just before the whole affair became public.

In a letter to Hurd, the politicians ask why he exercised his options just before HP told the SEC that Tom Perkins was quitting and that senior suits had instigated an inquiry. µ

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