CEO ousted HP settles with the defendant

The resolution of the ousted Hewlett-Packard CEO Mark Hurd allegations of sexual harassment filed against him by a female worker of the horse, and the person with intimate knowledge of this issue.
Harassment charges set off a series of events that led to the discovery of the expense of false reports of alleged meetings Hurd with a woman, and culminated in the resignation of Hurd amazing this week that left a crater in the company's largest in the world of technology.
It was agreed that a person familiar with the Hurd casethat to pay for women, but this person will not disclose the size of the payment. He said this person was a compromise between Hurd and accused him, did not include a batch of HP.
He requested anonymity because this person permission to talk publicly about this issue.
The agreement was reached on Thursday, a day before the resignation of Hurd.
The Wall Street Journal reported earlier on the settlement.
Hurd engineered a stunning turnaround by a strong structure, and Silicon Valley Hurd ouster.Under him, and HP and spent more than 20 billion dollars on acquisitions to transform itself from a computer and a printer manufacturer based on sales of ink to make a profit to the seller a well-rounded of hardware and services business. HP's market value has nearly doubled during the five years he spent.
Suddenly, without leading the company as it stands at a turning point for the integration of some of these acquisitions, most recently to buy Palm Smart phone maker, against 1.4 billion dollars in June.Hurd forced to resign on Friday after the Council of HP's directors said Hurd expenses false to hide the private dinner for many with a woman who was paid up to $ 5,000 in each case to greet people and make introductions between the executives who attended the event, HP has helped to organize.
A closer look at these expenses when a woman had recently accused Heard of sexual harassment. Could not be reached on the nature of the complaint can be learned. Hurd, a lawyer representing the women, which can not be learned the identity, and said that all these relations are not sexual.
Hurd insisted they were legitimate business expenses. Hurd did not know the total value of expenditures that is disputed or have a full accounting of them, a person briefed on the situation said.Hurd ‘s departure leaves another leader to keep HP on a given course is out.
Shares in HP's nearly 10 percent to $ 41.85 in after-hours trading, when the news was released after the market close on Friday.
The analyst said the company has a deep bench of management, lower inventory and the reaction does not reflect the company's future prospects.
"We do not view his departure as catastrophic," said Dinesh Moorjani, an analyst at Gleacher & Co. "The strategy is working fine, and the level of uncertainty for me is relatively low due to the circumstances only, and this was not the one I company."
Became Hurd, who spent 25 years in the industry, ATM National Council of Resistance before coming to HP in April 2005, a popular on Wall Street. Purchase of 13.9 billion dollars for the Electronic Data Systems, which HP is a major player in the field of services and technology, and the challenge of arch-rival of IBM Corp.HP also now offers computer networks, and helped to capture 2.7 billion dollars, 3Com, racheting up to compete with Cisco Systems and jumped Palm acquisition of the company's business smartphones is growing rapidly.
Additions and also sought to a group of people who can replace Hurd. It's a place deep, internal candidates may have an advantage, given that Hurd and his predecessor, Carly Fiorina â€" who got the boot in 2005 because of concerns about governance, and scheduled it for the purchase of Compaq Computer â€" both came from outside HP .
Inside could be candidates include Todd Bradley, who oversees the personal computers and mobile devices in HP; Vyomesh Joshi, who leads the band printer; Livermore Ann, who is responsible for servicing, services, software, storage, and Shane Robinson, head of strategy for HP to companies and marketing. Took the chief financial officer Kathy Lesjak, now interim chief executive, itself a candidate for this position always.
In recent weeks, Hurd began talks for a contract for a period of three years could be worth 100 million dollars, a person close to the case said. I went for this track when a woman accused HP of sexual harassment, and the company said.The person determines Hurd does not violate the sexual harassment policy, but the breach of the rules of conduct.
The woman's lawyer, celebrity attorney Gloria Allred, declined to describe the harassment. Allred and her client did not specify or allow them to conduct an interview.
Hurd will get about 28 million dollars in cash and shares only on foot. A person Hurd realized he could no longer lead horse, partly because they were convinced the board members at least two that he had a sexual relationship with a woman, and was trying to cover up the incident.
Hurd and accused persons from the list of other partners have dinner on the expense reports when he'd come up with a woman. HP also claimed Hurd has arranged to pay because it does not work and do.There only one instance that occurred, the person close to the case said, but it was for this event which was canceled at the last minute and the Decade for Women requested that would be paid but had been eliminated occurred in 30 days in advance.
Hurd says may be errors in the reports entered inadvertently by an assistant, according to a person close to the case. This person said Hurd has not gotten a full account of the expenses of HP claims he forged or total for, though he had agreed to the company's response.
He said this person Hurd met a woman, which is in her 40s, when conducting interviews in 2007, for a job greeting and executives in corporate events, which also helped organize.
Spoke at a luxury hotel, and met for the second time in Denver when they flew in an interview in the final 1 Hurd horse was attending the event, according to this person. Hurd has agreed to lease then, said.Hurd person and a woman, the joint often after dinner events and hired for, said the person who described the relationship as becoming one of knowledge and friendly.
Overthrow Hurd is the third in five years in the top row HP. Fiorina was the first in 2005, and his former boss Patricia Dunn ousted in 2006 amid spy scandal involving the governing bodies to spy on phone records of journalists and managers for Süss to the source of leaks to the media.
"It says they are on track in some way essential," said Stephen Diamond, an associate professor at the University of Santa Clara School of Law and an expert in commercial law.
"The first thing is, they have to find the right kind of CEO," he added. "I think that the CEO what they need to do is come in and say how many members of the Board of scandals here in the last two years? If you are, please resign now."

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