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 newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags HPbusiness issueslegalHewlett-Packardhardware systemspersonnelmark hurd

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

Father’s Day Gift Guide

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?