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Hewlett Packard loses CEO to standards, harassment scandal

Business 'standards' too low admits Hurd
Mon Aug 09 2010, 10:33

MARK HURD, CEO of Hewlett Packard has cleaned out his desk after an investigation into a sexual harassment case involving a female marketing department contractor led to his resignation after other business standards issues arose.

HP has confirmed that Hurd did not violate its sexual harassment policy but broke its rules of conduct. The company has named chief financial officer Cathie Lesjak as its interim CEO. Hurd has been credited him with reviving HP's fortunes since taking over as boss five years ago.

In an HP statement Hurd said: "As the investigation progressed, I realized there were instances in which I did not live up to the standards and principles of trust, respect and integrity that I have espoused at HP and which have guided me throughout my career. After a number of discussions with members of the board, I will move aside and the board will search for new leadership."

This is a painful decision for me to make after five years at HP, but I believe it would be difficult for me to continue as an effective leader at HP and I believe this is the only decision the board and I could make at this time. I want to stress that this in no way reflects on the operating performance or financial integrity of HP." µ

 

 

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Very good news

All I can say is, this is good news for all HP employees. Hopefully they will find a replacement who cares about employees and customers.

posted by : Under Paid, 10 August 2010 Complain about this comment
Quotes from Reuters:

' "I was surprised and saddened that Mark Hurd lost his job over this," said Fisher, 50. "That was never my intention." ... The saga began in late June when Fisher leveled a sexual harassment charge against Hurd. '

Best way to NOT risk someone's job is to NOT make charges. But it could be literally true, if all she intended was to be paid off for silence.

"An HP investigation found no violation of the company's sexual harassment policy, but turned up inaccurate expense reports filed by Hurd or on his behalf, and instances where Fisher received compensation for no legitimate business purpose, HP has said."

Again consistent with gold-digger, to use a mild term, and I comment only because it appears that she knowingly took money for "no legitimate business purpose", so isn't simple "sexual harassment".

My guess then, is that HP found the evidence against Hurd overwhelming -- "no violation" is just a legal position for the coming lawsuit -- but also that Fisher is playing it up (and down: note the "sad" denial). It's a safe bet that everyone at these levels is chiseling.

posted by : bigger_luddite, 09 August 2010 Complain about this comment
HP invent

As a former HP employees, HP's invent has been long gone way before Mark Hurd. I am happy that I took the package when I had a chance and now working for a better employer.

posted by : C, 09 August 2010 Complain about this comment
Hurd's Out - Thanks to Jodie

Thank You Jodie!!!!

You finally succeeded where many HP employees have failed. Getting Mark Hurd fired turns you into my personal hero!

During his 5 year tenure at HP, former CEO Mark Hurd changed the company’s strategy from aspiring high-tech leadership towards cutting research budgets at all costs. The “industry leading cost-structure” implemented by Hurd effectively stopped all engineering efforts at the place formerly known as “HP invent”. Under Hurd employee satisfaction at HP reached new lows year after year.

Again my dearest thanks and as a token of my appreciation I promise to buy all of your movies!

Thank You Jodie Fisher!!!!

posted by : Aphex, 09 August 2010 Complain about this comment
Since when does HP have standards?

HP used to have standards. HP used to treat its employees well. When Carly took over and declared that HP no longer stood for Hewlett Packard, HP's standards also were thrown overboard. Now, HP will not hesitate to back stab its own employees to save a buck. Now HP stands for Hate People.

posted by : ex-HP, 09 August 2010 Complain about this comment
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