Ben Worthen and Joann S. Lublin, reporting for the WSJ, have sources from both sides:
According to the person familiar with the board’s thinking, before
the Hurd-Fisher settlement, H-P had seen enough evidence of
misconduct by Mr. Hurd for there to be a sense among directors
that he was no longer fit to serve as CEO. The alleged misconduct
was said to include failing to disclose a personal relationship
with an H-P contractor—something H-P defines as a conflict of
interest—and filing expense reports the company determined were
intended to conceal the relationship.
A person close to Mr. Hurd said that he didn’t conceal a
relationship, he didn’t fill out expense accounts himself, and Ms.
Fisher’s name was on some of them.
And the board apparently searched Hurd’s computer:
As the investigation evolved, said a person close to it, the
board came to believe that the CEO had a personal relationship
with Ms. Fisher, even if not sexual. For instance, the
investigation found that Mr. Hurd had looked at clips from racy
films featuring Ms. Fisher, a former actress, this person said.
Someone familiar with Mr. Hurd’s thinking said he just did a
Google search of 10 minutes or so.
★ Monday, 16 August 2010