August 7, 2010 by staff
Mark Hurd, HP, Mark Hurd, CEO has resigned, leaving CFO Cathie Lesjak to run the company on a “provisional.” The reason for quitting? He was told to leave by a lawyer because of a investiagtion of sexual harassment against him by an outside contractor. According to the press release, the investigation determined there was no violation of the sexual harassment policy of HP, but found violations of HP’s Business Conduct. ”
Hurd said: “As the investigation progressed, I realized there were cases in which there was at the height of the norms and principles of trust, respect and integrity that I embraced in HP and have guided me throughout my race. After a series of talks with council members, I on one side and the board will look for new leadership. This is a painful decision for me to do after five years at HP, but I think it would be difficult for me to continue as an effective leader in HP and I think this is the only decision of the board and I could do at this time. I want to stress that this in no way reflects on the operational performance or financial integrity of HP. ”
HP also announced preliminary third quarter financial statements. They are up 11% compared with the same quarter last year with revenues of about 32.7 billion y. sexual harassment even though, at least Hurd raised the company in the doldrums this year and led the acquisiton Palm.
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