Litigation
Sep. 28, 2012
No proof Hurd's severance package excessive, judge rules
A federal judge said Hewlett-Packard Co.'s shareholders did not prove directors gave an excessive severance package to former CEO Mark V. Hurd, who was dismissed after sexual harassment allegations scandalized the Palo Alto-based technology company.
By Hadley Robinson
Daily Journal Staff Writer
A federal judge said Hewlett-Packard Co.'s shareholders did not prove directors gave an excessive severance package to former CEO Mark V. Hurd, who was dismissed after sexual harassment allegations scandalized the Palo Alto-based technology company. Nor did the shareholders arguments convince U.S. District Judge Edward J. Davila of San Jose that Hurd's payout, estimated at $53 million, was a result of bad business judgment or bad...
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