Linked by Thom Holwerda on Fri 6th Aug 2010 22:15 UTC
In the News Right before the weekend, we have some interesting news from Hewlett Packard, hardware and software maker, but most of all (at least to me) owner of Palm and its assets. CEO of HP, Mark Hurd, has resigned, effective immediately, after the board found out he had behaved "inappropriately" towards a former HP marketing contractor which "violated HP's Standards of Business Conduct". Cathie Lesjak has been appointed interim CEO while the company seeks a new one.
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lenrek
Member since:
2005-07-07

From article...

... several other facts came to light that made Hurd's position as CEO untenable; he "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".

He did not resign due to the lawsuit.

Edited 2010-08-08 11:32 UTC

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