Mark Hurd Forced to Resign From HP for ‘Inappropriate Behavior’

Hurd was president, CEO, and chairman of the board; just like that, he’s out. CNet has the memo sent to HP employees by Cathie Lesjak, CFO and interim CEO, which states:

Based on the investigation it was determined that the former contractor’s claim of sexual harassment was not supported by the facts. The investigation did reveal, however, that Mark had engaged in other inappropriate conduct. Specifically, based on the facts that were gathered it was found that Mark had failed to disclose a close personal relationship he had with the contractor that constituted a conflict of interest, failed to maintain accurate expense reports, and misused company assets.

Ignominious.

(I wonder if Jon Rubenstein is in the running to replace him?)

★ Friday, 6 August 2010