H’P CEO Hurd resigns following sexual harassment probe

CBS Marketwatch, by Benjamin Pimentel Posted By: rangeboss- Fri, 06 Aug 2010 21:57:30 GMT Hewlett'Packard Chief Executive Mark Hurd has resigned following an investigation of a claim of sexual harassment against him and the company by a former contractor. Shares of the Palo Alto, Calif.'based technology giant /quotes/comstock/13*!hpq/quotes/nls/hpq (HPQ 42.05, '4.25, '9.18%) were down more than 1% in after'hours trading. H'P said Hurd decided to step down following the investigation into the sexual harassment claim. "The investigation determined there was no violation of HP's sexual harassment policy, but did find violations of HP's Standards of Business Conduct," the company said in a statement. The H'P board ha appointed current Chief Financial Officer Cathie Lesjak as interim CEO. Headline split, Source and Author reversed & text added to one'sentence Intro by Lcom Staff

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