Hurd on the Street

For those who are interested in the contract issues that CEOs face in their employment deals, the Contracts Blog (no relation) has the details of Mark Hurd’s contract as the new boss of Hewlett-Packard.  The actual contract is here.  One of the goodies, they note, is a “price-protection” term under which HP guarantees him against a decline in the value of his options in his old company, NCR.  NCR stock dropped $6 a share the day that Hurd announced he was leaving.