Tuesday, June 21, 2011

The Rise and Fall of Mark Hurd as HP Chief

This is the VOA Special English Economics Report, from voaspecialenglish.com | http Mark Hurd got credit for building Hewlett-Packard into the world's largest technology company. HP is the top seller of personal computers and printers. It had sales last year of almost one hundred fifteen billion dollars. Mister Hurd became chief executive officer five years ago after HP ousted Carly Fiorina. Later he also became chairman. Under his leadership HP stock doubled in price. So the news out of Palo Alto, California in August came to many as a shock. Mark Hurd was out. Investigators said he had falsified expense records to hide spending on a woman who worked with HP. Reports said the amount was about twenty thousand dollars. Mister Hurd is married. He earned twenty-four million dollars last year. In June the former marketing contractor, Jodie Fisher, accused Mister Hurd of sexual harassment. Through her lawyer, she said she was "surprised and saddened" that he lost his job. She said they had settled her claim privately. The sometime actress also said they never had an "intimate sexual relationship." HP and private investigators found no violation of the sexual harassment policy at the company. But they did find that Mister Hurd violated HP's Standards of Business Conduct. These suggest that before employees make a decision, they should "consider how it would look in a news story."Sexual harassment is one of the areas of job discrimination investigated by the Equal Employment ...

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