Search
 

Walking Papers

The booting of Hewlett Packard’s CEO Mark Hurd has been front page news since the announcement last week. It was a significant story on a number of fronts.

By Tony LoPinto | Updated on August 10, 2010

Walking Papers – 08.10.2010The booting of Hewlett Packard’s CEO Mark Hurd has been front page news since the announcement last week. It was a significant story on a number of fronts. First, Hurd was a star by most performance measures, and a favorite of investors. HP was a mess when he arrived, and a market leader on his departure. He did a brilliant job of turning around an ailing technology company, transforming it into a Wall Street darling. However, the board had a tough call to make, and as the facts came to light, it was apparently clear that his indiscretions were serious enough to compel the board to give Hurd his walking papers. It’s tough to fire a CEO, particularly a star, but it is the responsibility of the board, especially in light of questionable activities and serious lapses in his judgment, to make a change. However, don’t feel too badly for Mark Hurd, he departed with a $35-million severance package.

Tony LoPinto is a senior client partner and head of Korn//Ferry International’s Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own.
Job Opportunities LOCATE A JOB

COSTAR GROUP Real Estate Economist (BOSTON) The economist will be responsible for writing clear, concise, and insightful commentary that provide meaningful and actionable analysis for clients; communicate market intelligence and opinions to clients verbally; and give formal market presentations or prepare notes for strategists or senior economists to use in market presentations; among other duties.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

How Goodwin Became a Household Name in Startup Community

How Goodwin Became a Household Name in Startup Community

Xiumei Dong |

“We are looking to grow our footprint at this point,” said partner Lynda Galligan, who has led the firm’s California growth. “We have everything covered, it's just a matter of growth.”

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.