mark hurd resignation

HP to Launch Investigation into Hurd's Departure

Hewlett-Packard is planning an independent investigation into the circumstances surrounding the forced resignation of CEO Mark Hurd last year and the compensation package he received. A shareholder lawsuit claims HP's directors wasted company money by awarding Hurd as much as $53 million in severance.

HP Forecasts a Healthy 2011; No Hints on New CEO

Hewlett-Packard (HPQ) forecast healthy growth in earnings and sales for fiscal 2011, as the company expands into consulting and computer security services. The company gave no hints as to who its new CEO may be, almost two months after Mark Hurd stepped down following allegations of abusing his expense account.

IBM CEO Disses HP and Hurd, Praises Oracle and Ellison

Big Blue isn't bullish on Hewlett-Packard. IBM CEO Samuel J. Palmisano launched a verbal barrage Tuesday at its Silicon Valley rival, criticizing HP's expensive 3PAR purchase, its handling of the ouster of scandal-tarnished CEO Mark Hurd, and its overall strategy.

Hurd's Salary as Oracle President: $950,000

Mark Hurd will receive an annual salary of $950,000 and a bonus of as much as $10 million for fiscal 2011 in his new position as president of Oracle (ORCL), according to a regulatory filing. Hurd, who resigned as CEO of Hewlett-Packard (HPQ) last month over allegations of falsified expense claims, will also have the option to buy 10 million shares in Oracle, and a further 5 million shares in each of the next five years.

HP Sues Ex-CEO Mark Hurd Over New Oracle Job

Hewlett-Packard (HPQ) is suing its former chief executive, Mark Hurd, after news that he will be taking the post of co-president at competitor Oracle (ORCL). HP alleges that Hurd could end up violating confidentiality agreements by accepting the position.

HP Appoints Spencer Stuart to Help Find New CEO

Technology company Hewlett-Packard (HPQ) appointed executive search firm Spencer Stuart to handle all activities involved in the search for a new CEO. The company will consider internal as well as external candidates, HP said in a statement. The board appointed John Hammergren as chair of the search committee. The committee also includes Marc Andreessen, Lawrence Babbio Jr, and Joel Hyatt.

Face-Off on Stocks: HP, Cisco and Intel

Tech stocks are on sale these days, giving buyers a chance to pick up shares at impressive discounts. The sale isn't due entirely to market jitters. A good sex scandal helped to create opportunity as did less than rosy earnings forecasts.

HP's Management Crisis: Where Rivals Have Openings

Although HP's rivals have been quiet, the Mark Hurd fiasco has to smell like blood in the water around Silicon Valley. Where exactly might HP be most vulnerable? And where might it still hold an edge? Here's a business-by-business rundown.

Mark Hurd's Mixed Performance as HP's CEO

While the stock price doubled under his leadership -- from $21 to below $42 -- and his departure sliced off 10% of its value, there seems to be a gap between HP's net income growth and the slide in its cash position while Hurd manned the helm.