Mark Hurd asked to explain options cash-in

14 December 2006 — Palo Alto (CA): Hewlett-Packard’s (HP) CEO Mark Hurd has been asked to explain $1.37 million worth of options he exercised just before the boardroom spying scandal became public.

Hurd has been given until 21 December to comply with the request made by the congressional panel investigating the case.

 

Hurd is due to testify before the Committee on Energy and Commerce’s subcommittee on Oversight and Investigations on 28 September.

 

HP said that it would comply with the panel’s request.