Tuesday August 10, 2010

HP Took a P.R. Firm’s Advice in the Hurd Case

What kind of company follows the advice of a PR firm when ousting your CEO? Yeah, I know…they say he "resigned" but we all know companies don’t pay $40 million severance packages to people that resign or quit, now do they?

But in ousting Mr. Hurd, the directors set off a media scrutiny they had hoped to avoid. Some in Silicon Valley said the technology giant had overreacted in ousting a chief executive who has been one of the most successful in corporate America in recent years. Other corporate governance experts think the company acted admirably.

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