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HP CEO resigned amidst sexual harassment allegations

Updated 4 years ago
Published Aug 6th, 2010 5:10PM EDT

This is not how you want to start your weekend. The Wall Street Journal is reporting that HP CEO Mark Hurd has resigned, effective immediately, due to sexual-harassment allegations. In a statement, Mr. Hurd said: “As the investigation progressed, I realized there were instances in which I did not live up to the standards and principles of trust, respect and integrity that I have espoused at HP and which have guided me throughout my career.” HP said that the former CEO did not violate the company’s sexual-harassment policy, but they did find instances were he violated HP’s “Standards of Business Conduct.” Chief Financial Officer Cathie Lesjak will assume the roll of interim CEO. Hurd had been with HP for the past five years.