Hewlett-Packard board charged with large severance payments to Hurd

Source: Internet
Author: User
Keywords Board of Directors Hewlett-Packard Hurd
Tags district court listed media media reports
The August 21 news, according to foreign media reports, Hewlett-Packard shareholder Louise Levin (Louis Levine) Earlier this week in the Northern Carolina State Federal District Court sued HP Board of directors, claiming their former chief executive Hurd (Mark Hurd)  Payment of $40 million worth of severance payments is a plunder of shareholders.  Hewlett-Packard's board of directors included Anderson (Marc Andreessen), Lajiv Gupta (Rajiv Gupta), John Joes (John Joyce), Chor Haite (Joel Hyatt) and Hurd himself.  Mr Levin sued that the payment of severance payments to Hurd was a waste of shareholder assets, and that, according to his actions, Hurd should not be awarded a large severance payment, and that "the board's severance payments to Hurd were a waste of corporate assets". ' I sometimes violate the principles of trust, respect and honesty I advocate, ' Mr. Levin said in an indictment.  He said no one would think the board's approval to pay a large severance payment to Hurd was a reasonable and fair decision.  Levin asked the board to withdraw his decision to pay Mr. Hurd a huge severance payment. (Responsible editor: Barrymore)
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