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HP Drops as Hurd Quits, Leaving Lesjak Slowing Growth

Hewlett-Packard Co. slid the most in six years in New York trading following the Aug. 6 resignation of Chief Executive Officer Mark Hurd, who leaves behind a company with slowing growth and a senior staff that may be distracted by jockeying for the top job.

Cathie Lesjak, the interim CEO who addressed reporters and analysts twice in the past three days, is seeking to play down concerns about the shakeup. Hurd left after a probe found inaccurate expense reports and a personal relationship with a contractor named Jodie Fisher, a former actress and reality TV contestant. She worked at the company for two years, helping organize executive events.