HP orders probe into Hurd's departure, report says

The company plans to hire outside lawyers after shareholders sue

Hewlett-Packard plans to commission an external probe into the resignation of former CEO Mark Hurd, including his controversial multi-million dollar severance package.

The investigation using outside lawyers would examine the “circumstances surrounding the departure of Mark Hurd and the board’s decision to approve the separation agreement between HP and Mr. Hurd,” according to court papers filed on Jan. 14..

HP's plan for an outside investigation follows a lawsuit in San Jose, Calif., by shareholders who allege that the company’s directors wasted money by giving Hurd $53 million in severance.

Shareholders and HP have asked a judge to put that lawsuit on hold for the investigation, but Hurd said he would consent only if the company gives him information that it has been unwilling to provide, Bloomberg reported.

Hurd’s resignation, which is also being probed by the Securities and Exchange Commission, raised other questions about the former CEO's relations with HP.

An internal HP investigation into Hurd found that he tried to hide personal relationship with a contractor.

In September Hurd was named co-president of Oracle.

Join the PC World newsletter!

Error: Please check your email address.

Tags HPbusiness issuespersonnelhardware systemslegalmark hurdHewlett-Packard

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Ralph Jennings

IDG News Service
Show Comments

Most Popular Reviews

Deals on PC World

Deals on PC World


Latest News Articles


GGG Evaluation Team

Kathy Cassidy


First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni


For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell


The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi


The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott


My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.


Latest Jobs


Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?