Sources close to the company and familiar with the situation said
that over a number of months, the contractor attended events for
H.P. in Asia, Europe and the United States, and often dined alone
with Mr. Hurd after the events. The contractor’s fees ranged
from $1,000 to $5,000 for events in the United States and up to
$10,000 for overseas ventures. Even though the same contractor was
present, Mr. Hurd said that he dined alone or with a different
person on his expense reports, these people said.
But, curiously, both Hurd and the woman (who has not been named) claim the relationship wasn’t sexual:
Gloria Allred, the celebrity lawyer who has agreed to represent
the woman, said, “We want to make clear that there was no affair
and no intimate sexual relationship between our client and Mr.
Hurd — under whose leadership HP’s stock price has doubled since 2005 — didn’t want to go. He offered to reimburse the company for the disputed expenses, but the board refused.
Hurd’s severance package: $12.6 million in cash, and a boatload of stock options.
★ Saturday, 7 August 2010