8 Worst Tech CEOs Ever
#2 Mark Hurd
Company: HP (2005 – 2010)
Ape-poch Moment: Falsified expense reports to pay a former contractor he had crush on for the work she never did.
Hurd has a reputation for aggressive cost-cutting. He lay off 15,200 workers — 10% of the workforce — shortly after becoming CEO, and as if it did not despise employees, enforced a five percent pay cut, eliminated certain benefits for all employees during the recession. Other cost-cutting includes reducing the IT department from 19,000 to 8,000, reducing the number of software applications that HP uses from 6,000 to 1,500, and consolidating HP's 85 data centers to 6. Both the workers and company were strayed on to path of desperation.
He resigned when the company discovered about the relationship he had with the woman, who did marketing work for HP, sent a letter accusing Hurd, 53, and the company of sexual harassment. An investigation found that Hurd falsified expense reports and other financial documents to conceal the relationship.
