H-P Chief Quits in Scandal

WSJ Online ^ | 6 Aug 2010 | KEVIN KINGSBURY

[ken in texas]

Excerpt:

Hewlett-Packard Co. Chairman and Chief Executive Mark Hurd has resigned in the wake of a sexual-harassment investigation.

[magellan]

The rumor is Hurd's parachute is $40 million and HP agrees not to pursue any legal avenue.

[Gene Eric]

Well, I hope things are going well for you especially in these tough times. Techies are unfortunately quite expendable.

[Beloved Levinite]

"I know Mark Hurd. Used to work with him at NCR years ago."

Did you work for NCR in NY? If so, you might know my cousin Sheila. She was the number one salesperson for NCR for a few years in a row. She's a real beauty, too!

[mia]

You sound like my husband. He retired early after 40 yrs. with his company. Retiring early is like quitting. No benefits except what he put into place himself. No healthcare, etc. He invented, received awards, and saved the company mega bucks for all the problem solving he was able to do over the years.

Know what you mean. He's never returned to see his old crew. Most have retired and he sees them at retiree events.

[tje]

What kind of retirement program were you in? The time frame begs for more detail.

I walked away with a classic retirement account, deferred profit sharing, and my 401k.. I was also givin a 'golden handshake'.. monitarily, I cannot complain.. I cashed all that in and have invested it so I have control over it.. and that's worked out well, even in these sad times.

[HAL9000]

I’d Hurd this was going to happen.

You can polish a Hurd, but he's still a Hurd.

[married21]

Maybe they’ll re-hire Carly Fiorina.

[snuffy smiff]

More like he’ll soon be paying three times more for so much less...

[snuffy smiff]

Hope you aren’t in Conn.-they will now lock you up for making statements like that.

[Non-Sequitur]

There’s an old Chinese expression that says if you sit by the river long enough the bodies of your enemies will come floating by. Well there are tens of thousands of EDS/HP former employees sitting on the bank and waving at Hurd as he heads downstream.

[SteveH]

The rumor is Hurd's parachute is $40 million and HP agrees not to pursue any legal avenue.

$40 million... makes me wonder if he actually was asking for it and profited from it more than he would have for staying and toeing the line...

[Cacique]

btt

[BunnySlippers]

Here is the woman, Story on Gizmodo:

[skinkinthegrass]

then I worked in the calculator R&D (41c if you remember that)..

Yhea!...I still have (workin' :) HP33,48SX/GX,49G
shall buy HP50ii later..have used HPs since '78

[Beloved Levinite]

Relax. It wasn’t a statement, it was a question and a stab at humor. How about asking a judge how long it’s been since he stopped beating his wife? LOL. With the advent of PC, “sense of humor” has been sucked out of the USA