+----------------------------------------------------------------------------------------------+
| HP Board Sued Over Hurd Departure |
| from the following-the-hurd dept. |
| posted by Soulskill on Friday August 13, @13:35 (HP) |
|
https://news.slashdot.org/story/10/08/13/1726219/HP-Board-Sued-Over-Hurd-Departure |
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Stoobalou writes "A shareholding company [0]launched a lawsuit against
Hewlett-Packard's board of directors earlier this week, claiming they
bungled their fiduciary duties over the [1]departure of CEO Mark Hurd.
'The HP board [2]put shareholders' finances at risk by not telling them
about the sexual harassment inquiry, and then later rewarded Hurd with an
estimated $40 million severance package, the suit said. The board also
failed to adequately police insider trading by HP executives, allowing
Hurd and chief financial officer Cathie Lesjak to sell off HP stock in
the midst of the inquiry, according to the suit, which was filed in
California Superior Court.'" HP is also [3]facing increased scrutiny from
the unrelated bribery probe that began earlier this year when their
[4]Moscow offices were raided.
Discuss this story at:
http://news.slashdot.org/comments.pl?sid=10/08/13/1726219
Links:
0.http://www.thinq.co.uk/2010/8/13/hp-sued-over-hurd-departure/
1.http://news.slashdot.org/story/10/08/06/213242/HP-CEO-Resigns-During-Sexual-Harassment-Investigation
2.http://www.pcmag.com/article2/0,2817,2367786,00.asp
3.http://online.wsj.com/article/SB10001424052748703723504575425303867402456.html
4.http://news.slashdot.org/story/10/04/16/1725201/HPs-Moscow-Offices-Raided-In-Bribery-Probe
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