Whatever the case against former HP CEO Mark Hurd, it's crystal clear the company's board deserves none of the praise it's received for acting "decisively."As writer Eric Jackson noted almost a year ago Hurd and his executive team have consistently gone to the company trough seeking such perks as reimbursement for such items as taxes paid on the money HP spent to feed their families in restaurants and and as much as $327,000 in personal use of a company jet. One exec, CIO Randy Mott, even got a 400 percent raise in 2008.
The attitude expressed by the greedy behavior reported by Jackson makes me wonder if Hurd's indiscreet spending amounted to no more than $20,000 as his defenders claim. And it makes me wonder if the seemingly thin claim of sexual harassment was used simply as an excuse to jettison a capable executive with sticky fingers.
Regardless, to say the board acted with dispatch to correct a problem is way off the mark.
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