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Like Bill Clinton, Hewlett-Packard’s former CEO Mark Hurd “did not have sex with that woman.” Whatever he did cost him some of his own money to settle a sexual harassment claim. It led to a derivative suit against him and the HP Board of Directors alleging that his actions, and the way the board handled his “resignation,” cost HP and its stockholders $9 billion in market value. And it cost him his job. The events leading to Hurd’s recent departure are a trove of “teachable moments” that can be used by in-house counsel in conversations with their clients.

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