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HP CEO to get $28 million as reward for laying off workers, sexual harassment, falsifying reports

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mike r Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-07-10 09:14 AM
Original message
HP CEO to get $28 million as reward for laying off workers, sexual harassment, falsifying reports
http://abcnews.go.com/Technology/wireStory?id=11348036

Disgraced HP CEO to Get Nearly $28 Million
The Associated Press

Lauded for making Hewlett-Packard Co. the world's biggest technology company, CEO Mark Hurd was in negotiations for a new contract worth about $100 million, according to a person familiar with the negotiations.

Instead, he's getting about a third of that to just go away.

In a stunning announcement Friday, HP said it ousted Hurd after an investigation of a sexual harassment complaint found that he had falsified expense reports and other documents to conceal a relationship with a contractor. Hurd also allegedly helped the woman get paid for work she didn't do.

In recent weeks, Hurd was in negotiations for a new three-year contract worth about $100 million when a woman who worked for HP as a host at high-profile events accused him of sexual harassment, a person with intimate knowledge of the case told The Associated Press. The person requested anonymity because this person wasn't authorized to speak publicly about the details of the case...

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izquierdista Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-07-10 09:19 AM
Response to Original message
1. Hey, I could have done that for $5 mill
And I'd even throw in indecent exposure to the Board of Directors and downloading copyrighted material!
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OZark Dem Donating Member (110 posts) Send PM | Profile | Ignore Sat Aug-07-10 09:28 AM
Response to Original message
2. Yes buttttttttttttttttt
Maybe she got paid for work she didn't do, but it sounds like she did some work she didn't get paid for.
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OZark Dem Donating Member (110 posts) Send PM | Profile | Ignore Sat Aug-07-10 09:30 AM
Response to Reply #2
3. Another prime example of:
Truth never enters the Court Room or the Board Room.
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howaboutme Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-07-10 09:42 AM
Response to Original message
4. America's corporate problem
The problem in America isn't so much the difference in views between progressives and conservatives, it is a political system that is virtually controlled by corporations and banks. There will always be different political views that are liberal and conservative, but the corruption comes when money buys politics.

Both Parties are compromised by this corruption. The Republicans have long held these views. The Democratic Party is unfortunately migrating in this direction too. The media sometimes portrays those such as Bernie Sanders and others that oppose big moneyed interests as being outside the mainstream.
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blindpig Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-07-10 09:55 AM
Response to Reply #4
5. Why don't you just call it Capitalism?

I love brevity.
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Enrique Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-07-10 10:03 AM
Response to Original message
6. use that money to buy a senate seat
like Carly Fiorina. GOP voters love golden parachutes.
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DBoon Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-07-10 11:12 AM
Response to Original message
7. when they say government should be run like a business ....
... remember this is how American businesses are run

(I'm talking about you, Meg Whitman)
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rustydog Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-07-10 12:17 PM
Response to Original message
8. He could be Fiorina's running mate
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