HP's former CEO Mark Hurd and board members face shareholder law suit

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It seems the troubles might not be over for Mark Hurd following his shock departure from HP after a sexual harassment allegations and irregularities with his expenses.

Now, according to channel magazine Microscope, Hurd faces a law suit filed by a US pension fund. It was filed by Brockton Contributory Retirement System on behalf of HP.

The law suit is seeking to remedy what it claims are "breaches of fiduciary duties, waste of corporate assets, unjust enrichment and insider trading occasioned by the HP Board's dereliction of duty."

Read more here and here.

 

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There's got to be more tabs on governance. Things like this shakeup the industry, whilst the industry itself is going through a turbulent cloud transition. I've written an article on this as well (http://www.articlesbase.com/leadership-articles/governance-now-2901885.html)

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This page contains a single entry by Karl Flinders published on August 13, 2010 9:49 AM.

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