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HP Shares Fall Heavily As Search For CEO Begins

HP Shares Fall Heavily As Search For CEO Begins

News Business & Government

HP's market capitalisation fell below $100 billion for the first time in more than one year as the world's biggest computer manufacturer, in terms of revenues, recover from the damaging scandal that hit its CEO, Mark Hurd. Shares of the company hit a one year low falling from $46.25 to $41.85, a fall of nearly 9 per cent, before close on Friday after the resignation of Hurd following an inquiry over allegations of improper conduct. Hurd has been credited with turning HP...



Articles related to «HP Shares Fall Heavily As Search For CEO Begins»

Business & Finance

HP cleared in case surrounding Ex-CEO's departure

25 Jun 2012 News
HP cleared in case surrounding Ex-CEO's departure
Delaware court dismisses lawsuit brought against HP’s £26m pay-off to Mark Hurd, after bosses were accused of wasting company money.
Business & Government

HP to keep lid on Hurd secret sex scandal report

23 Nov 2011 News
HP to keep lid on Hurd secret sex scandal report
HP will not be forced to hand over documents relating to a probe by lawyers into allegations of sexual harassment and financial irregularities that prompted former CEO Mark Hurd...
Business & Government

Oracle Says Autonomy CEO has ‘Poor Memory’

29 Sep 2011 News
Oracle Says Autonomy CEO has ‘Poor Memory’
Enterprise software maker Oracle has accused Autonomy CEO Michael Lynch of having a ‘poor memory’ after Lynch denied that he had offered his company to Oracle before...
Business & Government

Oracle Countersues HP Citing Fraud in Hurd Settlement

31 Aug 2011 News
Oracle Countersues HP Citing Fraud in Hurd Settlement
Oracle has filed a new complaint against Hewlett-Packard accusing the company of committing fraud while settling with Oracle on Mark Hurd’s appointment.Hurd was forced to...