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HP CEO Resigns During Sexual Harassment Investigation

kdawson posted more than 4 years ago | from the sure-can-pick-'em dept.

Businesses 233

A number of readers are letting us know that HP CEO Mark Hurd just resigned over sexual harassment accusations. The company's board has appointed CFO Cathie Lesjak as interim CEO. A contractor had accused Hurd of sexual harassment, and the board brought in outside counsel to investigate. While the harassment claim could not be substantiated, the investigation did uncover other misconduct. Hurd's "close personal relationship" with the contractor created a conflict of interest, and he was also found to have misused company assets. In a 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."

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Wasn't he the CEO during the pretexting scandal? (5, Informative)

rsborg (111459) | more than 4 years ago | (#33168656)

Sounds like a classy guy [eweek.com] , but sadly I'm guessing this is par for the course at this level of "leadership" in most companies.

Re:Wasn't he the CEO during the pretexting scandal (5, Funny)

Anonymous Coward | more than 4 years ago | (#33168692)

"As the investigation progressed, I realized there were instances in which I did not live up to the standards and principles..."

Thank goodness there was an investigation, so he could realize what he had done!

Re:Wasn't he the CEO during the pretexting scandal (5, Insightful)

dan828 (753380) | more than 4 years ago | (#33168740)

More like, at some point in the investigation he realized that he was busted and couldn't cover up or plausibly deny things. He was probably feeling pretty untouchable up to that point after coming out unscathed from the other little upset they had a while back.

Re:Wasn't he the CEO during the pretexting scandal (1, Troll)

oldhack (1037484) | more than 4 years ago | (#33169014)

Thanks for the elaboration, Capt. Obvious.

Re:Wasn't he the CEO during the pretexting scandal (4, Funny)

Maxo-Texas (864189) | more than 4 years ago | (#33169684)

Well Done, Sarcastic Boy!

Now, off to the Alliteration Mobile!

Nanananannanana

Re:Wasn't he the CEO during the pretexting scandal (1)

MightyMartian (840721) | more than 4 years ago | (#33169504)

Silly stupid bastard! Everyone knows you only bang your secretary, or if you're desperate, one of the girls in the office pool. Contractors are just so beneath an executive. It's like dicking the guy that refills the water coolers.

Re:Wasn't he the CEO during the pretexting scandal (0)

Anonymous Coward | more than 4 years ago | (#33168756)

Amen brother, and pass the golden trough.

Re:Wasn't he the CEO during the pretexting scandal (5, Interesting)

OzPeter (195038) | more than 4 years ago | (#33168760)

but sadly I'm guessing this is par for the course at this level of "leadership" in most companies.

Yeah but HP also had Carly who was forced to resign. Hopefully trouble doesn't come in 3's for HP.

**Sniff** I remember when HP was a well respected company and its equipment was built like a tank

Re:Wasn't he the CEO during the pretexting scandal (1)

_Sprocket_ (42527) | more than 4 years ago | (#33168878)

Wasn't that before Carly?

Re:Wasn't he the CEO during the pretexting scandal (1)

jd (1658) | more than 4 years ago | (#33168962)

I always thought the cases WERE from tanks. I could have sworn an old HPUX box I used had 8" armor-plating. It certainly felt like it when trying to move it around.

Re:Wasn't he the CEO during the pretexting scandal (2, Funny)

selven (1556643) | more than 4 years ago | (#33169038)

No, that kind of casing is for products less than 100 cm^3 only. Anything bigger doesn't need protective casing since there's no possible rearrangement of particles that could make it any less useful.

Re:Wasn't he the CEO during the pretexting scandal (1)

WrongSizeGlass (838941) | more than 4 years ago | (#33169164)

Our old HP-3000's were built to last too. I feel all sentimental now ... I'm gonna revisit the John Sculley years at Apple and crash back to earth.

Re:Wasn't he the CEO during the pretexting scandal (1)

zhong-guo (1872764) | more than 4 years ago | (#33169168)

It definitely still sounds like a tank

Re:Wasn't he the CEO during the pretexting scandal (1)

mevets (322601) | more than 4 years ago | (#33169312)

Maybe the contractor was Carly!

Re:Wasn't he the CEO during the pretexting scandal (5, Informative)

Anonymous Coward | more than 4 years ago | (#33168904)

While it pains me to defend this piece of shit, the truth is that the pretexting was the handiwork of Patricia Dunn (chairwoman of HP board at the time), and the Hurd wasn't involved.

Re:Wasn't he the CEO during the pretexting scandal (1)

OzPeter (195038) | more than 4 years ago | (#33169166)

While it pains me to defend this piece of shit, the truth is that the pretexting was the handiwork of Patricia Dunn (chairwoman of HP board at the time), and the Hurd wasn't involved.

damn ..so trouble does come in 3's

Re:Wasn't he the CEO during the pretexting scandal (5, Informative)

Anonymous Coward | more than 4 years ago | (#33169222)

As an employee of HP, good riddance. The company's employees have been treated like dirt for at least the past two years. I don't think there is one person who sits within 50 feet of me who isn't actively job hunting. Sexual harassment is just one of his many offenses.

Re:Wasn't he the CEO during the pretexting scandal (3, Insightful)

Servaas (1050156) | more than 4 years ago | (#33169604)

I can't seem to remember ANY employee of a tech company that had anything good to say about the company they work for...

Re:Wasn't he the CEO during the pretexting scandal (4, Funny)

sexconker (1179573) | more than 4 years ago | (#33169852)

I can't seem to remember ANY employee of a tech company that had anything good to say about the company they work for...

I just want to preemptively get this in:

Google is not a tech company - they're an ad agency.

Re:Wasn't he the CEO during the pretexting scandal (2, Informative)

UnknowingFool (672806) | more than 4 years ago | (#33169602)

He was during the end of the pretexting scandal. The practice started under Carly Fiorina. At the time, he said he wasn't aware of it and he was believed. This time, his guilt was undeniable.

Re:Wasn't he the CEO during the pretexting scandal (1)

interval1066 (668936) | more than 4 years ago | (#33169710)

"I'm guessing this is par for the course at this level of "leadership" in most companies.

I disagree. I mean, I could be wrong, but most of the ceos I've met over the years, aside from the odd quirk, were very stand-up people, they had to be, otherwise no one would ever be able to do business, unless you buy that ALL ceos are sexual harasser. Clearly not so.. Also, Hurd Was Not CEO during the pretexting scandal, that was Patricia Dunn.

Re:Wasn't he the CEO during the pretexting scandal (1)

hitmark (640295) | more than 4 years ago | (#33169846)

dunno, he seem to have gotten HP back on course after the spending spree of the previous CEO.

Re:Wasn't he the CEO during the pretexting scandal (1)

timelorde (7880) | more than 4 years ago | (#33169992)

Followed the link, and what pops up? ... wait for it ... a full page HP printer ad.

Classic.

Guidence System Failure! Eject! (2, Insightful)

VortexCortex (1117377) | more than 4 years ago | (#33168682)

I realized ... I did not live up to the standards and principles of trust, respect and integrity that ... have guided me throughout my career."

Clearly the principles haven't been "guiding" him to within a tolerable deviance...

What info do we have on his... (3, Interesting)

Lead Butthead (321013) | more than 4 years ago | (#33168892)

And what info do we have on that golden parachute he will be receiving from HP?

Re:What info do we have on his... (4, Funny)

Sponge Bath (413667) | more than 4 years ago | (#33169118)

One made from 100 dollar bills and wet with the tears of laid off employees and their families. It's probably monogrammed with his initials too.

Re:What info do we have on his... (5, Interesting)

SDF-7 (556604) | more than 4 years ago | (#33169398)

$40 to $50 million by current estimates: http://www.businessinsider.com/hp-severance-2010-8 [businessinsider.com] .

Part of me wonders if it was actually in his contract that even on being fired for ethical/criminal reasons [i.e. not just fired because "we don't think you're pumping the stock quite enough"] he gets a severance or if the board just wants this over with / is such pals with him / whatnot that they gave it to him anyway. If the former is true -- the hiring committees really need to make better contracts (and stop being packed with the friends of the folks they're hiring... but I suppose that's what happens when boards keep cross-pollinating as they do).

"realized"? (5, Insightful)

Lost Race (681080) | more than 4 years ago | (#33168684)

He "realized there were instances" of misconduct on his part? More like he realized he'd been caught.

Re:"realized"? (4, Funny)

PolygamousRanchKid (1290638) | more than 4 years ago | (#33168764)

He "realized there were instances" of misconduct on his part? More like he realized he'd been caught.

"Realized" means, his lawyers told him, "You're fucked."

Re:"realized"? (5, Insightful)

jd (1658) | more than 4 years ago | (#33168986)

That, and the rest of the board probably deciding that they had to get rid of him to avoid exposing any of them to investigations.

Re:"realized"? (0)

Anonymous Coward | more than 4 years ago | (#33168794)

You've got to read between the lines:

"As the investigation progressed, I realized there were instances in which [people realised that] 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. [Shiiiiiiit.]"

Re:"realized"? (2, Funny)

AshtangiMan (684031) | more than 4 years ago | (#33169628)

[Shiiiiiiit.]

*caption: "[Golly]"

Re:"realized"? (2, Interesting)

selven (1556643) | more than 4 years ago | (#33169082)

I think he's fairly honest here. Do you think these people even bother to read principles of conduct, except when they absent-mindedly recite them to their intended audience (other people)?

Re:"realized"? (1)

Hatta (162192) | more than 4 years ago | (#33169514)

As a great man once said, "Was that wrong? Should I not have done that? I tell you, I gotta plead ignorence on this thing, because if anyone had said anything to me at all when I first started here that that sort of thing is frowned upon... you know, cause I've worked in a lot of offices, and I tell you, people do that all the time."

Re:"realized"? (5, Insightful)

suomynonAyletamitlU (1618513) | more than 4 years ago | (#33169574)

I'm going to play devil's advocate, keep in mind it may not work.

I find when I look at people who are given a lot of power don't tend to view "misuses" of power the same way as people do when looking at it from the outside. A lot of different kinds of corruption can be born from, "What's the harm?" and it can be very easy to run away from the consequences and by doing so, lie to themselves.

In cases like that, when you are forced and/or given an excuse to stop lying to yourself, you actually learn a lot about yourself and your behavior that you may not have known, but which you should have. It's actually rather easy to 'misfile' things in your head such that you actually do know them, but they're not properly weighted or not connected to other facts, for (a made up) example, "I hired my cousin in place of a qualified applicant, as a favor." Okay, you hired your cousin--did you check to see that he was doing a good job? Did the company suffer because you didn't look into his behavior? Did the company actually need that qualified applicant? Was the qualified applicant already working there (internal promotion) and have they gotten the shit end of the stick because of it? Was the qualified applicant, perchance, someone you actually knew and respected and who hasn't talked to you since?

Once you stop hiding from your own closet and its skeletons, you may in fact get hit by the realization that you aren't nearly as clean as you thought you were. That's all I'm saying.

Crap floats. (5, Insightful)

Spazntwich (208070) | more than 4 years ago | (#33168746)

Anyone else's skin crawl as they read the rehearsed and empty words? Reeks of a sociopath saying what he thinks folks want to hear to let him off the hook. Funny how many seem to make it to the top.

Re:Crap floats. (5, Funny)

mapcan (1051372) | more than 4 years ago | (#33168782)

He thought harass was two words

Re:Crap floats. (0)

Anonymous Coward | more than 4 years ago | (#33169860)

You might be a redneck if...

Re:Crap floats. (5, Insightful)

bertoelcon (1557907) | more than 4 years ago | (#33168884)

Anyone else's skin crawl as they read the rehearsed and empty words? Reeks of a sociopath saying what he thinks folks want to hear to let him off the hook. Funny how many seem to make it to the top.

Only the sociopaths want the power so only the sociopaths get the power.

Re:Crap floats. (1)

Culture20 (968837) | more than 4 years ago | (#33168924)

Which is why the power should be randomly assigned from a pool of competent workers, and not able to be turned-down. Don't want to be a janitor? You'll have to take your chance at being forced to be CEO for a couple years just like everybody else.

Re:Crap floats. (2, Insightful)

Anonymous Coward | more than 4 years ago | (#33169056)

No kidding. This guy makes over $40 million per year, and he has to lie and steal to get laid? Does he have the tiniest dick in the world or is it just the sheer rancid force of his personality? He fakes expense reports? What a pathetic scumbag. But then, that sort of sociopathic behaviour is what gets you to that level in the first place.

Re:Crap floats. (5, Insightful)

jd (1658) | more than 4 years ago | (#33169124)

Criminal psychologst calls CEOs psychopaths [fastcompany.com]
Sociologist/Criminologist calls CEOs sociopaths [edubook.com]

Take your pick. Or maybe they're both. It would explain a lot.

Re:Crap floats. (1, Insightful)

sexconker (1179573) | more than 4 years ago | (#33169892)

Criminal psychologst calls CEOs psychopaths [fastcompany.com]
Sociologist/Criminologist calls CEOs sociopaths [edubook.com]

Take your pick. Or maybe they're both. It would explain a lot.

While I'd love to agree with their assessments, the simple fact is that psychology, sociology, and criminology are not sciences.

They're often useful practices, but whenever someone from one of these field tries to push some claim forward, all I see is their opinion, and a glaring lack of scientific method.

Re:Crap floats. (0)

Anonymous Coward | more than 4 years ago | (#33169006)

Anyone else's skin crawl as they read the rehearsed and empty words? Reeks of a sociopath saying what he thinks folks want to hear to let him off the hook. Funny how many seem to make it to the top.

ALL of his speeches were like this. You should have seen some of the sleazy things he has said to employees.

Good riddance to this guy, while he made things shine on Wall Street, it was at the cost of long term stability and employee morale.

Re:Crap floats. (2, Insightful)

LordNimon (85072) | more than 4 years ago | (#33169160)

What do you expect him to do? Stand up there and cry like a baby? Of course the words were rehearsed. The CEO is only answerable to the board and shareholders. He doesn't have to apologize to the managers or the employees. Considering how fickle investors are, he needs to say all the right things to make sure none of them panic.

Sounds to me like he had a consensual relationship with an underling that was prohibited by company rules. That's why it's not a sexual harassment violation, because no one felt he (or she) was harassed. If so, then as far as I'm concerned, he didn't really do anything wrong (IMHO), so he should just make his exit quickly and be done with it.

Re:Crap floats. (2, Insightful)

SDF-7 (556604) | more than 4 years ago | (#33169428)

You rather glossed over the whole inaccurate expense reports, misappropriation of corporate resources and undisclosed close relationship with a contractor part of things that was uncovered while investigating the non-violation. Either that or your opinion of "didn't really do anything wrong" is substantively different than most other folks'. Perhaps you should get your resume over to the HP board soon?

He used company funds for his fling (4, Insightful)

sirwired (27582) | more than 4 years ago | (#33169458)

He can have a consensual relationship all he wants, (I never recall a CEO getting fired over an affair) but HP found him using company funds for this relationship. That crosses the line into misconduct worthy of firing. It's perfectly legal to have a mistress, and not something a CEO is going to get fired over. But he should have paid for the whole fling out of his own pocket; too many CEOs treat the company treasury as their piggy bank. As if their outsize salaries aren't big enough already...

And apologizing to the managers and employees would be appropriate here; nothing steams employees more than executives only paying lip service to a company's "values." The non-apology wasn't worth the paper it was written on. (It wasn't until he was investigated that it dawned on him it was wrong? *blech*)

It wasn't harassment because she probably agreed to the whole deal (likely up until the point he decided to dump her.)

Oh, and the "no panic" plan doesn't seem to be working. HP is down 10% in after-hours trading. (Which makes sense... an abrupt CEO transition from an executive that by all accounts was doing a good job is going to be tough.)

Re:Crap floats. (3, Insightful)

DragonWriter (970822) | more than 4 years ago | (#33169526)

Anyone else's skin crawl as they read the rehearsed and empty words? Reeks of a sociopath saying what he thinks folks want to hear to let him off the hook.

It sounds more like the words of an agreed-to statement made as part of a deal that involves the person making a statement and resigning while the other party to the agreement (in this case, the HP board) elects not to pursue some of the other remedies it might have available for the misconduct at issue, so that the offender merely loses the job (notionally voluntarily) and everyone moves on with a minimum expenditure of resources on further proceedings (litigation, etc.)

Re:Crap floats. (5, Insightful)

Hatta (162192) | more than 4 years ago | (#33169538)

I follow the news. I'm pretty immune at this point to rehearsed and empty words from sociopaths.

Resigned? Yeah right! He got his ass fired! (0)

Anonymous Coward | more than 4 years ago | (#33168818)

I wonder what kind of golden parachute the board paid to make him go away quietly?

Some are more equal than others (4, Interesting)

Lead Butthead (321013) | more than 4 years ago | (#33169080)

Had this been a "rank and file" employee, the said employee would've been escorted out of the building on the same day, no severance. Instead we get this loop that's just going to go lay low for a few months then move on and pull the same shit again, till caught... (rinse and repeat.)

Re:Resigned? Yeah right! He got his ass fired! (5, Informative)

HarvardAce (771954) | more than 4 years ago | (#33169130)

I wonder what kind of golden parachute the board paid to make him go away quietly?

According to CNN [cnn.com] , he could make $53 million in severance pay.

Re:Resigned? Yeah right! He got his ass fired! (5, Insightful)

Kingrames (858416) | more than 4 years ago | (#33169884)

Wow, a 53 million dollar reward for sexual harassment, theft, and other misconduct to horrifying to speak aloud. Friends we are in the wrong goddamn industry.

Re:Resigned? Yeah right! He got his ass fired! (5, Insightful)

timeOday (582209) | more than 4 years ago | (#33169942)

$50e6 probably sounds very reasonable when you're accustomed to making $30e6 every year. It's funny, how small must have his fraudulent expenses been, compared to being paid over $100K every single work day. He probably feels like he just got fired for going home with an HP ballpoint pen in his pocket.

This is good news! (5, Funny)

Anonymous Coward | more than 4 years ago | (#33168906)

Now that the Hurd is abandonware, will HP contribute the source back tot he community?

I've been waiting for Gnu to deliver the Hurd for the last 20 years, and this might be enough to get them over the hump.

Re:This is good news! (0)

Anonymous Coward | more than 4 years ago | (#33169540)

But that's exactly the problem - the Hurd was humping the help!

In any case, I don't think I'm interested in the sort of "source" Hurd was contributing.

Messrs Hewlett and Packard (3, Interesting)

blair1q (305137) | more than 4 years ago | (#33168918)

...would like their good names back, now.

After what Carly Fiorina did to H-P, and the nation, and now this tool...hell, I remember when "hp" on the logo meant the very best in quality, not scandal and treason...

Re:Messrs Hewlett and Packard (0)

Anonymous Coward | more than 4 years ago | (#33169026)

They changed the HP logo in December 2009

Re:Messrs Hewlett and Packard (1)

blair1q (305137) | more than 4 years ago | (#33169644)

Unless they changed it to "BP" they didn't change it enough.

Re:Messrs Hewlett and Packard (1)

FuckingNickName (1362625) | more than 4 years ago | (#33169958)

Hear, hear! Alas, even the geeks of the world are becoming more like those who would join the new HP than the old.

HP CEO title is cursed (1)

zero_out (1705074) | more than 4 years ago | (#33168942)

Okay, so it's only the last to CEOs that I know of, but both have been ousted due to misconduct. It seems like the title is cursed to bring the person's career to a shameful end.

It's not the title that's cursed (2, Informative)

sirwired (27582) | more than 4 years ago | (#33169048)

It's not the title that's cursed, its the reputation of a once-great company repeatedly getting abused and taken for granted by those chosen to lead it.

Here's to hoping the board has better judgment when choosing the next one. Their track record so far (Carly, and now this) isn't exactly inspiring.

SirWired

Re:HP CEO title is cursed (1)

SDF-7 (556604) | more than 4 years ago | (#33169484)

I don't remember Carly being bumped for misconduct - it was performance and just generally clashing with the board once too often, if I recall correctly [Hey, maybe I don't].

You may be thinking of Patricia Dunn who left the board due to the pretexting scandal when she was Chairwoman. That's when Hurd got both roles (even though the board and he made such a big deal about how that was such a danger when Carly was ousted... funny how that didn't seem to be a problem for them anymore...)

Re:HP CEO title is cursed (2, Informative)

Locke2005 (849178) | more than 4 years ago | (#33169778)

Carly was ousted for staggering incompetence, not misconduct. HP's stock shot up 6.9% the day Carly's departure was announced, whereas it dropped 4% when Hurd's departure was announced. In other words, stockholders felt Hurd was good for HPs value, but Fiorina was not.

Golden Parachute? (0)

Anonymous Coward | more than 4 years ago | (#33168956)

I wonder how much money it would have cost him to be fired versus resigning. Now would be a really good time for Wikileaks to get a copy of his employment agreement ...

download link? (2, Funny)

catmistake (814204) | more than 4 years ago | (#33168964)

Hurd was released?!? link plz!

Fortunately (1)

32771 (906153) | more than 4 years ago | (#33168994)

Fortunately they don't produce anything important anymore like those Agilent scopes and *analyzers. So it is not like the foundation of electrical engineering would have received any cracks or so. If that would have happened to Agilent nobody would have bothered anyway.

After all, even to HP and its customers it probably won't mean much. Why do i see the same headlines on slashdot as I see on google news again?

I'd like to say "Unbeliveable", but I can't (5, Interesting)

sirwired (27582) | more than 4 years ago | (#33169004)

I find it hilarious/scary that whenever a CxO gets caught doing something stupid/criminal, the defense is always ignorance. These weasels who get paid more in a day than I get paid in a year suddenly become the most oblivious, ignorant, and stupid morons in the world when they are being investigated for wrongdoing.

It wasn't until the middle of the investigation that he realized he did something wrong? *retch*

Possible scenario:
He hires a mistress / "marketing" contractor.
Takes her on "fact-finding trips" in a company jet.
Dumps her / stops paying.
She sues for "harassment."
Board figures out the real story and lets him "resign"... in the meantime, they quietly pay off the mistress in return for her not filing suit. (Once you've gone public and filed suit with a high-profile case like this, you've just pissed away your best bargaining chips, which involve sweeping under the rug.)

If I was HP's board, I would not have let him resign; he would have been fired on the spot. Although I admit to being surprised that they didn't ham-handedly cover up the story; perhaps they learned their lesson with the wiretap fiasco from several years ago.

SirWired

Re:I'd like to say "Unbeliveable", but I can't (2, Insightful)

PolygamousRanchKid (1290638) | more than 4 years ago | (#33169150)

If I was HP's board, I would not have let him resign; he would have been fired on the spot. Although I admit to being surprised that they didn't ham-handedly cover up the story; perhaps they learned their lesson with the wiretap fiasco from several years ago.

Most US banks never press charges against employee embezzlers. They are just quietly "let go."

Why? Would you do your business with a bank that had headlines in the news for embezzelers . . .?

HP isn't a bank (1)

sirwired (27582) | more than 4 years ago | (#33169214)

HP isn't a bank, and there is no mention he abused client funds or assets. The official reason for the firing was expense account fraud. I see folks prosecuted for embezzlement in the local news all the time.

And even at banks, they get fired and escorted out the door by security. They don't get to "resign" (and keep whatever pension and perks you might ordinarily keep as a former employee.) Betcha he gets to keep his stock options, pension, etc.

SirWired

Re:HP isn't a bank (1)

uncqual (836337) | more than 4 years ago | (#33169788)

I think pensions are safe regardless of why you were fired. They are already earned - sort of like vacation in many/most states, they still have to pay you for your accrued vacation no matter why you leave.

Re:I'd like to say "Unbeliveable", but I can't (5, Interesting)

Jah-Wren Ryel (80510) | more than 4 years ago | (#33169174)

If I was HP's board, I would not have let him resign; he would have been fired on the spot.

That's because you aren't his neighbor, don't sit on the boards of any other corps with him, don't drink and play golf with him on a regular basis and don't have your own contract mistresses too.

As a followup... one impressive thing (3, Informative)

sirwired (27582) | more than 4 years ago | (#33169304)

While Hurd himself has proven to be yet another spineless idiot with no moral compass, the General Counsel did not mince words:
(From CNET)
-----
Holston said the company's investigation revealed that the contractor had received compensation and incorrect expense reimbursement from Hurd as part of his attempt to conceal his relationship with her.

HP's board was notified of the matter after receiving a letter from the outside contracting firm on June 29. HP conducted an investigation with outside investigators and concluded that Hurd's conduct "exhibited a profound lack of judgment," according to Holston.

The amount of expenses involved is not material to HP, according to Holston. "The facts that drove the decision for the company had to do with integrity, with credibility, and honesty," he told investors on a call Friday.
----

For a corporate press release, this is practically ten-magaton nuclear anger. The only time I've seen something close is bankrupt corrupt company trying to throw the old CEO under the bus while trying to worm out of a shareholder lawsuit.

Re:As a followup... one impressive thing (4, Insightful)

MightyMartian (840721) | more than 4 years ago | (#33169570)

I love how "lack of judgment" has become the newest euphemism for "crook". Misappropriating funds, preferential treatment for a contractor (which really is a form of theft too), and instead of being labeled a conniving embezzler, he gets the wooly "profound lack of judgment" crapola.

Oh, that kind of contractor. (0)

Anonymous Coward | more than 4 years ago | (#33169016)

"Hurd's 'close personal relationship' with the contractor created a conflict of interest, and he was also found to have misused company assets."

at least it reads that way to me.

In Las Vegas (5, Insightful)

Lead Butthead (321013) | more than 4 years ago | (#33169264)

In Las Vegas, that type of contractor is called an "escort."

Posted Nude Photos (1)

imscarr (246204) | more than 4 years ago | (#33169146)

Is he the one that made the web site with that ladies nude photos? He only said he was in India?

The guy was... (1)

master_p (608214) | more than 4 years ago | (#33169152)

...Hurd (pun intended, sorry).

Re:The guy was... (1)

TeknoHog (164938) | more than 4 years ago | (#33169230)

...GNU/Hurd

FTFY.

Re:The guy was... (1)

RyuuzakiTetsuya (195424) | more than 4 years ago | (#33169976)

Hurd?

I thought he just got told by the board and the investigator.

SBC (5, Informative)

Anonymous Coward | more than 4 years ago | (#33169170)

Posting this anonymously since I work for HP.
Seems Mark violated the Standarts of Business Conduct (SBC). Every new employee has to study the SBC and every year these is a mandatory training on understanding this document. It kind of discredits both the SBC and the trainings if the CEO breaks his own rules.

Oh, and I hope they will find a new CEO who actually understands how technology works. Mark was not much better than Carly - HP now hardly does any serious R&D (except for HP Labs which actually does pretty cool stuff), preferring to buy established companies.

Re:SBC (0)

Anonymous Coward | more than 4 years ago | (#33169486)

This is the only Standards of Business for which legal attachment could be made and action taken. I can see Mark Hurd violated quite a few other Standards of Business for which he will not be held accountable.

Re:SBC (1)

Locke2005 (849178) | more than 4 years ago | (#33169824)

Both Fiorina and Hurd were just following the HP board's road map. When Hurd replaced Fiorina, the road map did not change. Hurd was actually much better than Fiorina at implemented the road map, since Fiorina was an epic fail at getting HP's divisions to work together. Replacing Hurd will not alter the direction of HP -- the old "HP way" is gone forever, and has been for many years.

Solution will be more ethics classes for employees (1)

Anonymous Coward | more than 4 years ago | (#33169188)

The solution, as always, will be more ethics classes for HP employees

...what? (1)

martiniturbide (1203660) | more than 4 years ago | (#33169262)

First Bob Moffat, now Mark Hurd.... both got caught in strange sexual histories.... Larry Ellison, better keep your hands where we can see it.

Re:...what? (2, Informative)

MightyMartian (840721) | more than 4 years ago | (#33169598)

Larry Ellison, better keep your hands where we can see it.

People have been saying that for a long time. Of course, they've also been saying "Steve Ballmer, get your hands out of the crack of your ass... and stop smelling them!"

Re:...what? (1)

afabbro (33948) | more than 4 years ago | (#33169766)

First Bob Moffat, now Mark Hurd.... both got caught in strange sexual histories.... Larry Ellison, better keep your hands where we can see it.

When Larry E plays the field, he plays all the way - he's been married four times.

Get Rubenstien in there (1)

13bPower (869223) | more than 4 years ago | (#33169388)

Hey they just got palm, and Rubenstien has some experience. I don't care how bad of a business move it is, I just want some new WebOS hardware that can hold a candle to the new Droid stuff.

How many times will we have to tell you ? (1)

Juba (790756) | more than 4 years ago | (#33169406)

The name is not "Hurd". It is "GNU/Hurd".
And I think we should not be too harsh with someone whose kernel is quite small and who is permanently surrounded by daemons...

"contractors" like this, so no women taken srsly (3, Insightful)

wagadog (545179) | more than 4 years ago | (#33169430)

It only takes ONE "contractor" like this in a company to totally discredit any other incoming women, no matter how many times over they can prove that their technical qualifications and achievements were earned fair and square. People won't even bother to find out. They'll just *assume* she got her grades, degrees, honors and awards on her back, got men to do her homework for her, "managed" to take credit for other peoples' work in all other previous work experience, and just happens to "know what the words mean." Except that the a-hole men on the project will simply not listen, assume she's "got it all wrong" and then have to find out the hard way what her point was -- when the little boys walk right into typical traps for young players that she'd warned them about .... having more experience.

"contractors" like this piss me off even more than ethically-impaired sociopaths like Hurd. And for a *prostitute* like that to scream "sexual harassment" when he gets tired of her just makes a mockery of *real* cases of sexual harassment, which sorry -- goes on ALL the time.

Re:"contractors" like this, so no women taken srsl (2, Informative)

Locke2005 (849178) | more than 4 years ago | (#33169886)

Actually, only the attractive female contractors will be assumed to have slept their way to the top. The butt-ugly ones will still be presumed to have some skills. For the record, I have worked with women that were both very attractive (to the point of distracting me from my work) and extremely competent and hard working. But I've also worked with a contractor who literally got her job because she was sleeping with another contractor, who then became her boss. This same female contractor then complained when a junior employee made a comment about preferring a blond for the next hire -- fucking hypocrite!

Motto (2, Informative)

eulernet (1132389) | more than 4 years ago | (#33169460)

Mark Hurd's bio disappeared from HP's site:
http://www.hp.com/hpinfo/execteam/bios/hurd.html [hp.com]

His motto was:
"Everything we do must be for the customer. If it's not, then we need to reconsider why we're doing it."
http://web.archive.org/web/20071226095057/http://www.hp.com/hpinfo/execteam/bios/hurd.html [archive.org]

He should have tried to respect it...

Sexual Harassment? Too Bad. (0)

Anonymous Coward | more than 4 years ago | (#33169670)

I was hoping he'd be forced to resign over putting overheating nVidia chips in their Pavilion notebooks and telling everybody there wasn't a problem.

First he said... (0)

Anonymous Coward | more than 4 years ago | (#33169688)

"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."

And then he said, "I should have gone straight into politics in the first place"

The difference between Hurd and Fiorina (2, Interesting)

Locke2005 (849178) | more than 4 years ago | (#33169732)

HP stock dropped 4% the day Hurd's departure was announced, whereas is shot up 6.9% (at one point it was up 10.5%) the day Fiorina's departure was announced. Larry Ellison has repeated been accused of sexually harassing, then paying off his personal secretaries, but he's still CEO of Oracle... go figure. Charles Phillips, president of Oracle, screwed around on his wife for years, finally concluding in a Billboard in Times Square [nydailynews.com] , but no impact to his career. I guess it just depends on which company you work for...

Re:The difference between Hurd and Fiorina (1)

RyuuzakiTetsuya (195424) | more than 4 years ago | (#33170036)

I don't know if this is a function of anti-woman behavior on the stock market?

I'd be willing to guess no, and it's more like anti-incompetent. Sure, Hurd was misappropriating funds to his mistress, he hadn't ran the company further into the ground than Carly did.

There's no fury like a woman scorned... (0, Flamebait)

Fizzl (209397) | more than 4 years ago | (#33169912)

... less eloquently: Some bitch ruins guys shit over nothing.
Never seen this in the history of mankind...

I see the scales of feminism and chauvinism become to a balance in couple of years time, when there is no longer retarded pandering or fury from neither side. Both terms would be equally disgusting.

Re:There's no fury like a woman scorned... (1)

the eric conspiracy (20178) | more than 4 years ago | (#33169946)

It' simple. Don't think with the small head.

Otherwise I want to see pictures so I can see whether or not it was worth it.

Opportunity (-1, Offtopic)

sexconker (1179573) | more than 4 years ago | (#33169970)

I just want to take the opportunity to remind all Californian slashdotters who are still naive enough to vote:

Carly Fiorna is a retard.
She was the previous CEO of HP, and nearly killed it.
Now she wants to run California with her special brand of business "excellence".
If you look at he track record as a CEO, you'll do well to vote for someone else.

Unfortunately, all the candidates she's running against look terrible. Do a write in for Mike Rowe or something, I don't know.

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