Mark Hurd Wiki | HP CEO To Walk Away With Big Bucks | Mark Hurd Resigns

Mark Hurd Wiki: 

Mark Vincent Hurd (born January 1, 1957) was the chairman, chief executive officer, and president of Hewlett-Packard, the largest information technology company in the world. Hurd succeeded CFO Robert Wayman, who served as interim CEO from February 10, 2005 to March 28, 2005, after former CEO Carly Fiorina had stepped down. On September 22, 2006, Hurd succeeded Patricia C. Dunn as chairman after she resigned after the pretexting controversy 

HP CEO To Walk Away With Big Bucks : 

One of the best paid CEOs resigned today amidst scandal. Mark Hurd of HP left his job after it was revealed he had a relationship with a woman who worked with the company on marketing issues. According to the AP, HP "said he falsified expense reports and other financial documents to conceal the relationship and help get the contractor paid for work she didn't do." Hurd, who cut pay for employees last year, earned a staggering $30.3 million dollars in 2009.

In resigning Hurd ensured himself a hefty payday. According to a proxy filing for 2009, had Hurd been fired for cause he would've been entitled to $27.2 million, if let go without cause the number goes up to $52.9 million. CNBC sources say his payday for leaving the company voluntarily will be between $40 and $50 million.

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