Hewlett-Packard Co. said CEO Mark Hurd is stepping down following a probe that found he falsified expense reports related to a former HP contractor who accused him of sexual harassment.
HP said Friday that Hurd decided to leave after the sexual-harrassment claim, which was made against him and the company. The company probe concluded that HP's sexual-harassment policy was not violated, but that its standards of business conduct were.
In a conference call with analysts late Friday, Michael Holston, HP's general counsel, said Hurd displayed a "systematic pattern" of turning in inaccurate expenses and financial reports connected to the female marketing contractor who accused him of sexual harassment. LINK
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