Fed­eral reg­u­la­tors in­ves­ti­gate Mark Hurd’s de­par­ture from HP

Dayton Daily News - - BUSINESS - As­so­ci­ated Press

SAN JOSE, Calif. (AP) — 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

Lo­cal and widely held stocks re­spects.” The SEC de­clined to com­ment.

Hurd’s ouster came af­ter a for­mer HP con­trac­tor named Jodie Fisher ac­cused him of sex­ual ha­rass­ment. She al­leged 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.

Hurd is the for­mer CEO and pres­i­dent of NCR.

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