It seems that HP isn’t done with ex-CEO Mark Hurd just yet as the news is that they’re thinking about looking into the whole Mark Hurd circus again:
The probe would investigate the circumstances of Hurd’s resignation from HP and his separation agreement with the company, according to a January 14 court filing (Click here) in U.S. District Court for Northern California. The filing is in response to a shareholder lawsuit that claimed HP wasted corporate assets on an “unreasonable and grossly excessive severance award upon his resignation.” HP awarded Hurd a compensation package valued at about $35 million at the time of his resignation.
Gee…. Why not settle
that lawsuit out of court and bury the details? In my mind, that would be the smart thing to do. Besides, this seems really lame as the guy is gone to Oracle. Just leave him there and move on already.
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This entry was posted on January 20, 2011 at 6:41 pm and is filed under Commentary with tags HP. You can follow any responses to this entry through the RSS 2.0 feed.
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HP Toys With The Idea Of Probing Hurd Again…. Why Even Bother?
It seems that HP isn’t done with ex-CEO Mark Hurd just yet as the news is that they’re thinking about looking into the whole Mark Hurd circus again:
The probe would investigate the circumstances of Hurd’s resignation from HP and his separation agreement with the company, according to a January 14 court filing (Click here) in U.S. District Court for Northern California. The filing is in response to a shareholder lawsuit that claimed HP wasted corporate assets on an “unreasonable and grossly excessive severance award upon his resignation.” HP awarded Hurd a compensation package valued at about $35 million at the time of his resignation.
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This entry was posted on January 20, 2011 at 6:41 pm and is filed under Commentary with tags HP. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.