Mark Hurd broke three regulations, it is alleged: Gave Jodie Fisher inside info., fiddled expenses, deleted evidence. SEC investigating. December 21 2010
Federal regulators are investigating Mark Hurd's departure from Hewlett-Packard Co., in a broad inquiry that includes an examination of a claim the former chief executive shared inside information, people familiar with the matter said.
As part of the probe, the Securities and Exchange Commission is checking whether Mr. Hurd passed information about H-P's $13.9 billion acquisition of technology-consulting company Electronic Data Systems Corp. to a former H-P event hostess in 2008, before the deal was announced, the people said.
Mr. Hurd has denied having an inappropriate relationship with the H-P contractor, Jodie Fisher, whose accusation of sexual harassment led to his ouster from atop the technology giant in August.
The SEC is also looking at Mr. Hurd's use of corporate expenses in his dealings with Ms. Fisher, these people said.
Mr. Hurd, who is credited with boosting H-P's profits and reviving its share price, left H-P after Ms. Fisher sent a letter claiming he had sexually harassed her between 2007 and 2009. Ms. Fisher's letter also alleged Mr. Hurd told her in March 2008 of H-P's still-secret plan to acquire EDS—an allegation that was first reported by The Wall Street Journal in November.
via: cw
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