From Reuters:
Hewlett-Packard Co CEO Mark Hurd resigned on Friday after an investigation found that he had falsified expense reports to conceal “a close personal relationship” with a female contractor.
Word on the streets is that HP’s board was looking for a way to dump Hurd. He was a Wall Street darling and doubled HP’s stock after the Carly Fiorino fiasco, but HP’s rank and file hated the guy something fierce.