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Hewlett-Packard CEO Mark Hurd resigns after sexual harassment accusation

Hewlett-Packard Chairman and CEO Mark Hurd has resigned after the company investigated a sexual harassment complaint that was filed against him by an outside marketing contractor. 

Cathie Lesjak, HP’s Chief Financial Officer, has replaced Hurd as interim CEO while the board of directors searches for a permanent replacement.
 
On Friday, Lesjak sent a memo to Hewlett-Packard employees explaining all of the recent changes regarding Hurd’s resignation.  The following is an excerpt from the memo:

Mark’s resignation followed an internal investigation into a claim of sexual harassment asserted against Mark and HP by a woman who is former contractor to HP. The investigation was conducted by outside counsel in conjunction with HP’s General Counsel’s office and was overseen by the Board. Based on the investigation it was determined that the former contractor’s claim of sexual harassment was not supported by the facts.
 
The investigation did reveal, however, that Mark had engaged in other inappropriate conduct. Specifically, based on the facts that were gathered it was found that Mark had failed to disclose a close personal relationship he had with the contractor that constituted a conflict of interest, failed to maintain accurate expense reports, and misused company assets.

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Hewlett-Packard CEO Mark Hurd resigns after sexual harassment accusation
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