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HP's Board Ousting Mark Hurd: An Example of Corporate Governance?



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Code : GOV0058

Year :
2012

Industry : Information Technology and Computers

Region : US

Teaching Note:Not Available

Structured Assignment :Not Available

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Introduction: Mark Hurd (Hurd) as Hewlett Packard's (HP) CEO and Chairman, had come in for plenty of praise, from both Wall Street and corporate America for turning around a company of HP's size and keeping it on the growth track in the face of acute recession during 2008-2010. In 2010, though, Hurd was ousted from HP on the charges of fudging the expense accounts. Analysts expressed surprised that none of his achievements had helped save his job at HP.

During Hurd's reign, HP had regained the top position in the PC market overtaking Dell ; reaffirmed its leadership in the printers market; made strong progress in the hardware market; and almost doubled its share price while adding several new gadgets to its product portfolio to emerge as a leading technology company. HP also had the enviable record of becoming the first technology company to gross $100 billion in sales, overtaking IBM in the process, during this period. Hurd had accomplished all this while containing costs penny by penny...

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