One of the best paid CEOs of Business World resigned after amidst scandal.Mark Hurd of HP resign from his job after it was revealed he had a relationship with a woman who worked with the company on marketing issues. Hurd, who cut pay for employees last year, earned a staggering $30.3 million dollars in 2009.
Hurd, who is married and has two daughters, may have seemed the least likely valley CEO to be brought down by a scandal, particularly one with tawdry overtones.
According to a proxy filing for 2009, had Hurd been fired for cause he would've been entitled to $27.2 million, if let go without cause the number goes up to $52.9 million. CNBC sources say his payday for leaving the company voluntarily will be between $40 and $50 million.
CNBC has sources claiming the total value of Hurd's severance including stocks is closer to $40-50 million, give or take.
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