Mark Hurd, now former CEO of HP, is apparently worth $10B. Within minutes of HP disclosing his departure, the stock market value for Hewlett-Packard lost nearly that amount. Hurd left amid allegations of unethical behavior.
The stock movement shouldn't be much of a surprise as HPQ stock has doubled since Hurd took the helm five years ago. The market was obviously placing a lot of value in Hurd's ability to lead and navigate the company. It will be interesting to see how the market responds to new leadership at HPQ.
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