CEO Mark Hurd has just resigned over a sexual harassment investigation. Hurd and HP's board of directors decided that he should resign following a sexual harassment claim against Hurd and HP by a former marketing contractor, HP claims that although there was no violation of its sexual harassment policy, Hurd violated the company's standards of business conduct by submitting inaccurate expense reports that covered his relationship with the contractor. CFO Cathie Lesjak is taking over on an interim basis, and she's actually upping the company's forecasts for next quarter, saying Mark's resignation has nothing to do with HP's performance and everything to do with his behavior.
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