HP's former CEO Hurd reaches settlement with contractor

The announcement of Hurd's resignation on Friday came in the wake of claims of sexual harassment and findings that Hurd engaged in unethical business practices.
The Wall Street Journal has reported that Hurd reached a "settlement with the unidentified contractor on Thursday regarding her sexual-harassment claims".
Terms of the settlement could not be learned, the report noted.

Attributing to one of the people familiar with the situation, the daily said "the resolution between Hurd and the contractor did not involve HP paying any money to the woman".
Hurd, who is also the chairman and president, was the key player in engineering a makeover at HP. Since he joined the technology major in 2005, the company has seen a rise in share price as well as improved business performance.
Announcing the departure of Hurd, the firm had said the "investigation determined there was no violation of HP's sexual harassment policy, but did find violations of HP's Standards of Business Conduct".

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