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Click here to visit the new home of Politics Daily!SAN FRANCISCO (Aug. 8) -- Ousted Hewlett-Packard Co. CEO Mark Hurd has settled allegations of sexual harassment lodged against him by a female contract worker for HP, a person with intimate knowledge of the case told The Associated Press late Saturday. The harassment accusations set off a chain of events that led to the discovery of allegedly falsified expense reports about Hurd's meetings with the woman and culminated in Hurd's stunning resignation this week that left a hole in the world's largest technology company. The person familiar with the case told the AP that Hurd agreed to pay the ...
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President Barack Obama recently announced to great acclaim that companies receiving bailout money from the federal government under the second half of the Troubled Assets Recovery Plan, or TARP, would have to agree to limitations on the compensation packages they can provide to executives. It was a populist and popular move that gave the appearance that the Administration was being responsible with the taxpayers' money in administering the program. But an analysis by the Los Angeles Times of the actual rules governing the pay limitations reveals that President Obama's CEO pay restrictions can ...
I don't want to dwell on this issue too much, but having read many of the comments -- and having read David's post -- I can't resist answering a few of the key concerns:One of the many reasons I have opposed the bailouts from the beginning, is precisely because there is a feeling that if government bails out a private company, that government now "owns" that company. This, of course, is tantamount to nationalization of private business -- which is ultimately much worse than businesses merely going under. You and I may disagree with how much a company and its shareholders decide to pay a given ...
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