Interesting. The NY Times’ Joe Nocera chimes in on the demise of Mark Hurd at Hewlett-Packard.
But the blogosphere had already revealed a week ago the essence of the information in Nocera’s article. Another reflection of how the mainstream media is now often decidedly behind the blogosphere in providing key information about breaking events.
And not to pile on, but how does one of the best business reporters of the NY Times write an article about this situation and not ask the most important unanswered question? That is, why did the H-P Board accept Hurd’s resignation and provide him a $40 million severance package if the Board had grounds to terminate him for cause?
And if the Board didn’t have cause to fire Hurd, then why did Hurd’s contract not make violation of H-P’s written code of business conduct cause for termination of employment? Is that the same for other H-P contracts with its executives? At least this subsequent WSJ article gets closer to answering those questions.
My bet is that the blogosphere will ultimately provide the answer to that question more quickly than the NY Times.