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HP CEO Hurd's Severance Could Total $40 Million

Posted Aug 15th 2010 11:10AM by Connie Madon (RSS feed)
Filed under: Management, Law, Hewlett-Packard (HPQ)

HP Mark HurdMark Hurd, the former chief executive of Hewlett-Packard (HPQ), could receive as much as $40 million in severance benefits.

A loophole in Hurd's contract could bring him this big payout. It seems that his contract did not include specific language that would permit the company to fire him "for cause." Most contracts for chief executive contain specific language that detail the conditions under which he could be fired, including breaches of the company's ethical code.

Continue reading HP CEO Hurd's Severance Could Total $40 Million

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Last updated: May 27, 2012: 12:37 AM

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