San Diego Housing Market News and Analysis
OT: Wow HP....
User Forum Topic
Submitted by flu on August 6, 2010 - 1:21pm
All I can say is WOW....Time to short this sucker asap....
Hurd imho was the only reason why HP is still churning out decent numbers... Damn, so I'd say short this sucker asap... This is going to be an interesting sinking ship after Hurd leaves...
HP CEO Hurd resigns after sexual-harassment probe
HP said Friday that Hurd decided to leave after the investigation into a sexual-harassment claim made against him and the company by a former HP contractor. The probe concludes that the company's sexual-harassment policy was not violated, but that its standards of business conduct were.
In a statement, Hurd said that during the investigation he "realized there were instances in which I did not live up to the standards and principles of trust, respect and integrity that I have espoused at HP." He added that he believed it would be "difficult to continue as an effective leader at HP."
Hurd and Robert Ryan, HP's lead independent board member, stressed that Hurd's departure has nothing to do with the company's financial health.
The technology company named Chief Financial Officer Cathie Lesjak as its interim CEO.
HP says a board committee will search for a new CEO.
Lesjak, who has been at HP for 24 years, will continue to act as CFO. She decided not to be considered for the position of permanent CEO, the company said.
Not yet, but it will be...
Mark today: HPQ: $46 and change.
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