Executive Director of Hewlett - Packard forced to retire

Hewlett-Packard, the country's best-selling computer brand and the world's largest technology company it is today without a leader. According to the Associated Press, CEO Mark Hurd was forced to resign this week after being accused of falsifying "costs to hide numerous dinners, private with a woman that was paid up to $5,000 per event to greet people and make presentations among executives attending HP helped to organize events."

The woman in question had accused Hurd of sexual harassment. However the Hurd as counsel for the wife, Gloria Allred, stated that the relationship between the two was not sexual. The Board of Directors address said that while Hurd does not actually violate its policy of sexual harassment, he break their rules of conduct. A. despite accusations of HP Board of Directors, Hurd insists the money spent to pay women was a legitimate business expense, but also said that he had a record of how much was spent.

Once the news went on sale Friday, HP stock dropped 10% in trade at night. In spite of the loss, analysts say that the fall was simply a reaction to the news and all concerned by.
Hurd started HP in 2005, after 25 years at NRC Corp. With Hurd on HP wheel spent more than 20 million dollars in acquisitions helped establish the company as an integral computer company. The latest was the manufacturer of smartphone Palm Inc. purchase $ 1.4 billion in June. During his tenure, market value of the company almost doubled.

Therefore, who replaced to Hurd? Don't know for sure yet, but there are rumors turn could be an internal candidate. Some of the possible replacements within the company include Todd Bradley, who oversees personal computers and mobile; Vyomesh Joshi, which monitors printers; Ann Livermore, who leads the servers, services, software and storage; Division and Shane Robison, HP corporate strategy and marketing leader. Cathie Lesjak, Chief Financial Officer of the company is serving as Acting Director-General until it is called a replacement, but she insists that she would not have permanent work.

Don't feel sorry for Hurd though. He was away with about 28 million dollars in cash and shares.

On HP, this is the third "scandal" that affected senior executives of the company in five years. Former CEO Carly Fiorina was forced to resign after controversial agreement the company to buy Compaq in 2002 does not produce the desired results. In 2006 the President Patricia Dunn was forced to leave after a boardroom spy spying on phone reporters and managers that records scandal was leaked to the media.