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Quick Edit | Hurd mentality

Quick Edit | Hurd mentality
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First Published: Sun, Aug 08 2010. 11 48 PM IST
Updated: Sun, Aug 08 2010. 11 48 PM IST
There are two ways in which one can react to news of HP CEO Mark Hurd’s exit over a relationship with a marketing contractor that flouted the company’s business standards. One is to see it as a misdeed by the CEO of a large US corporation and bemoan the American way. The second is to see it as a misdeed by the CEO of a large US corporation and celebrate the standards of governance that made him quit for a transgression involving, if news reports are to be believed, $20,000. This newspaper cannot remember the last time a CEO of an Indian firm left over a sum as insignificant. Indeed, it cannot remember the last time the CEO of an Indian firm quit over anything. Of course, there was Satyam’s Ramalinga Raju. News of l’affaire Raju broke well before that of l’affaire Madoff. While the latter is in jail, serving his time, the former is in a hospital, preparing for a trial that is overdue.
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First Published: Sun, Aug 08 2010. 11 48 PM IST
More Topics: Quick Edit | Mark Hurd | HP | CEO | Views |