It's all change at Hewlett Packard following the surprise resignation of chief executive Mark Hurd amid accusations of sexual harassment.
Announced in an unexpected press release
, Hurd's resignation was not directly
due to the sexual harassment allegations, but rather - according to Engadget
is a result of "inaccurate expense reports
" discovered as a result of investigations into the claims.
The news certainly came as an unexpected - and unwelcome - blow for investors, with Business Insider
reporting that shares in the company plummeted 10 percent as a result of Hurd's resignation in after-hours trading that day.
Since then, Hurd's accuser - Jodie Fisher, an actress most famous for starring in a selection of soft-core 'adult' titles and, at the time of the alleged impropriety, a contractor for HP's marketing division - has issued a press release stating that she was "surprised and saddened that Mark Hurd lost his job over [the allegations.] That was never my intention. Mark and I never had an affair or intimate sexual relationship.
There's a silver lining to Hurd's cloud, however: the Wall Street Journal reports
that he has reached a settlement with Fisher which will see the possibility of a private lawsuit dismissed, and don't think Hurd himself is coming out with nothing - Gizmodo
is reporting that the ex-CEO will get around $40 million (£25 million) in a golden parachute on his way out.
Are you shocked to find HP's glorious leader falling on his sword in this way, or just confused as to why a man on his salary felt the need to fiddle a few expense claims? Do you think there's more to Hurd's departure than HP is letting on? Share your thoughts over in the forums