Hewlett-Packard boss resigns amid sexual harassment claims

Hewlett-Packard chief executive Mark Hurd resigned Friday after an accusation of sexual harassment uncovered subterfuge with company expenses, the computer giant announced."Chief Executive Officer and President Mark Hurd has decided with the board of directors to resign his positions effective immediately," the company said in a statement.HP had brought in outside counsel to investigate allegations that Hurd had violated HP's sexual harassment policy in his dealings with a former marketing contractor.

By Bobby Jan: Like many of you, it was Hewlett-Packard's (HPQ) history of scandals and low P/E valuation that initially grabbed my attention. Accordingly, two questions popped in my head: (1) what's the story with HP and (2) is HP a buy, sell, or hold?In this article, I will address the following issues:

Investigation of a sexual harassment claim by an outside contractor finds Hurd violated HP's conduct standards, the company says. Mark Hurd, the chief executive of technology giant Hewlett-Packard, resigned unexpectedly Friday after a sexual harassment claim was lodged against him by an outside contractor.

SAN FRANCISCO (Reuters) - Hewlett-Packard Co's former chief executive officer Mark Hurd has reached a legal settlement with the woman who accused him of sexual harassment, and she has also agreed to release HP from legal claims, according to sources familiar with the matter.