SEC Probes Hurd's Ouster from Hewlett-Packard

Federal regulators are investigating the circumstances of Mark Hurd's forced resignation five months ago as CEO of Hewlett-Packard.

HP, the world's biggest maker of personal computers, said it is cooperating with the investigation by the Securities and Exchange Commission, which was earlier reported by The Wall Street Journal.

A spokesman for Hurd said the former CEO "acted properly in all respects." The SEC declined to comment.

Hurd's ouster came after a former HP contractor named Jodie Fisher accused him of sexual harassment. She also alleged that Hurd told her in advance about HP's $13.9 billion acquisition of Electronic Data Systems in 2008, a person familiar with the matter has told The Associated Press. Fisher later said there were "many inaccuracies" in her claim, and she and Hurd settled.

Increase your money and finance knowledge from home

Introduction to Preferred Shares

Learn the difference between preferred and common shares.

View Course »

Introduction to ETFs

The basics of Exchange Traded Funds and why ETFs are hot.

View Course »

Add a Comment

*0 / 3000 Character Maximum