The fallout continues for former Hewlett-Packard (HPQ) CEO Mark Hurd, whose unethical use of company resources to cover up a personal relationship cost him his job running the technology giant earlier this month. Now Hurd is also exiting News Corp.'s board of directors, where he has occupied a seat since February 2008 and served on the nominating and governance committee.

In a regulatory filing (spotted by Bloomberg's Sarah Rabil), News Corp. (NWS) said that Hurd's term as a director will end after the company's Oct. 15 annual meeting. "After discussions between the company and Mark Hurd, it was determined that he would not be considered for re-election," a spokesman told Rabil.

DailyFinance raised the question of whether Hurd would be allowed to remain on News Corp.'s board -- the only one he now sits on -- shortly after the allegations about his relationship with former actress Jody Fisher came to light. He was News Corp.'s third-highest-paid director, with total compensation of $206,605 in 2009, including $111,000 in cash.

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jdrumerrnr

And yet they will continue to vote against their best interest.

August 31 2010 at 11:24 PM Report abuse rate up rate down Reply
marine1942

Why are these directors paid so much money for so little input ?? Sort of like Al Gore being on all those boards. WHY ??

August 31 2010 at 6:15 PM Report abuse +1 rate up rate down Reply