Hewlett-Packard Co.’s Mark Hurd resigned as chief executive officer after an investigation found he had a personal relationship with a contractor who received numerous inappropriate payments from the company.
Read the rest of the Business Week article here.
[A portion of my consulting practice involves coaching executives and managers on how to avoid such problems. Whenever such cases hit the newspapers, the warning signs seem to have been obvious, but in many instances a very bright individual slowly drifted into dangerous waters and failed to notice the rocks and the sharks.]
1 comment:
Michael,
I read the referenced article on Hurd and there were three things that I thought were significant.
1. The stock dropped 9.3% after the announcment.
2. “The probe found violations of HP’s standards of business conduct, though it didn’t find violations of the harassment policy.”
3. “Hurd will (still) get a severance payment of $12.2 million, plus other benefits that include a prorated vesting settlement of 330,177 restricted HP shares.”
Lou
Post a Comment