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HP CEO stuns everyone, resigns citing he didn't live up to company's standards

Monday, 09 August 2010, 03:12 Hrs   |    6 Comments
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HP CEO stuns everyone, resigns citing he didn't live up to company's standards
San Francisco: Mark Hurd, Chief Executive of computer giant Hewlett Packard (HP), has resigned following an investigation into charges of sexual harassment, the company announced Friday.

HP said the investigation determined there was no violation of HP's sexual harassment policy but did find violations of HP's Standards of Business Conduct.

According to a company statement, the investigation revolved around sexual harassment allegations made by an outside contractor with HP. It said that Hurd "with the board of directors" had decided to resign immediately, a signal that the chief executive who had revitalised HP since taking over in 2005 was forced to fall on his sword.

"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," said Hurd. "After a number of discussions with members of the board, I will move aside, and the board will search for new leadership."

Chief Financial Officer, Cathie Lesjak, 51, will take over as interim Chief Executive while the company searches for a permanent replacement, HP said.
Source: IANS
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Reader's comments(6)
1: to answer the question, look at where HP was in 2005 when Hurd tookover, and look at now the share price.See some case study in Google, of how HP took itself in the recession.Look at the accusitions biggest one ITO giant EDS just before the recession hit around the world. If he is not the best he is certainly one of them.I can fill this page with "metrics", "numerics" but I leave that for you to search the web..:)
Posted by:Someone - 09 Aug, 2010
2: Whatever be the accusations, but Mark Hurd is one of the best CEO's of the world.
Posted by:shakita devi - 08 Aug, 2010
3:
May I know, How do you know Mark Hurd is one of the best CEO's of the world?
Selva Replied to: shakita devi - 09 Aug, 2010
4:
I don't think so
Selva Replied to: shakita devi - 09 Aug, 2010
5:
How do you know ?
Justinnen Replied to: shakita devi - 09 Aug, 2010
6:
May I know, How do you know Mark Hurd is one of the best CEO's of the world?
Selva Replied to: Justinnen - 09 Aug, 2010