Palo Alto (California), Aug 7: Hewlett-Packard Co CEO Mark Hurd, one of the most admired chief executives of the corporate world, resigned on Friday, Aug 6 after a probe into sexual harassment charges slapped against him found him guilty.
The investigation reportedly concluded that 53-year-old Hurd had "close personal relationship" with an HP contractor who received improper payments.
One of HP's former contractors, involved in marketing activities for almost two years from late 2007, had alleged sexual harassment.
Even though Hurd had not violated HP's sexual harassment policy, but the probe did find that he violated standards of business conduct, the company said.
The company also informed there were instances where the female contractor received compensation or reimbursement without a legitimate business purpose.