Might Former HP CEO Mark Hurd End Up Running Dell?
Michael Dell's attempt to gain more control over his namesake computer company appears to be turning into a financial tug-of-war.
Michael Dell's attempt to gain more control over his namesake computer company appears to be turning into a financial tug-of-war.
In the past two years, Hewlett-Packard's world has turned upside-down, thanks to CEO woes, costly acquisitions and a doomed attempt to revive webOS. All those problems cost the tech giant 58% of its market value. But as bad as things appear now, they can always get worse.
Profits at big U.S. companies broke records last year, and so did pay for CEOs. The head of a typical public company made $9.6 million in 2011, according to an analysis by the AP using data from Equilar, an executive pay research firm.
Want to make an easy $6.6 million at Best Buy? Find a way to be its next CEO and then have an inappropriate relationship with an employee. Because as Brian Dunn has shown, getting booted for a shady affair won't cost you your big golden parachute.
On Monday, the stock market will take the day off to shake the confetti out of its hair. But on Tuesday, it'll be back to business as usual on Wall Street. Here are some of the items that will shape the first trading week of 2012.
On Tuesday, Yahoo ousted embattled CEO Carol Bartz, potentially paving the way for media-savvy executive Ross Levinsohn to step in and lead the struggling Internet company. To date, some members of Yahoo's board are "very much impressed" with Levinsohn, according to one source.
Hewlett-Packard is planning an independent investigation into the circumstances surrounding the forced resignation of CEO Mark Hurd last year and the compensation package he received. A shareholder lawsuit claims HP's directors wasted company money by awarding Hurd as much as $53 million in severance.
CEOs are supposed to know when to say no. But when it comes to the temptation of having an adulterous affair, even some of the toughest-minded bosses just can't hold up a stop sign. Here are nine chief execs (all men) who made headlines for succumbing to the call of lust.
Jodie Fisher, whose relationship with Mark Hurd helped bring about his ouster as CEO of Hewlett-Packard, has claimed that Hurd shared information about HP's buyout of Electronic Data Systems before it was made public.
In a trial that starts Monday, Oracle CEO Larry Ellison says he intends to prove that incoming Hewlett-Packard chief executive Leo Apotheker stole ideas from Oracle in his previous position as head of European competitor SAP.
Oracle CEO Larry Ellison doesn't think highly of Hewlett-Packard's board. In fact, he thinks the entire board should resign -- pronto. Why? Because "the madness must stop," Ellison said, referring to HP's hiring of Leo Apotheker, a former chief of German software giant SAP
Wall Street has been quick to punish Hewlett-Packard after the computing and software giant named former SAP chief Leo Apotheker as its new CEO on Sept. 30. But if SAP's culture says anything about what HP will be like under Apotheker, it may get back to making bets on innovation.
HP shares dropped more than 3% in premarket trading Friday, a day after the company named Leo Apotheker to replace Mark Hurd as CEO. And if investors aren't impressed with the choice of the former CEO of software giant SAP to lead HP, they're really not going to like his compensation package.
In a somewhat surprising move, HP went outside its walls -- and all the way to Germany -- to find the chief executive to replace the ousted Mark Hurd. Apotheker had stepped down as CEO of German software giant SAP in 2010.
Late Tuesday, PC maker Hewlett-Packard forecast a healthy growth in earnings and sales for fiscal 2011, as the company expands into consulting and computer security services. But the company remained mum on who will fill its CEO slot.
Although Oracle CEO Larry Ellison was a skeptic only a year ago, he has been talking up cloud computing at the company's annual conference this week.
Well, that was fast. Hewlett-Packard has settled the lawsuit it filed against its former CEO Mark Hurd, who joined rival Oracle in early September after he was forced out of HP amid a sexual harassment probe.
Oracle Corp. Co-President Mark Hurd, who was brought aboard by the software giant after leaving his CEO post at Hewlett-Packard Co. last month amid controversy, unveiled four new versions of the company's Exadata storage servers at Oracle's annual customer conference in San Francisco today, the Wall Street Journal reported.
Hewlett-Packard will probably have a new CEO in under a week. The candidate will likely come from inside the company, which would almost certainly allow the board of directors to speed through the process.
The CEOs of America's largest companies are often coached by a team of public relations professionals, but every once in awhile an executive goes rogue. Here are some of the biggest verbal blunders made by well-known chief executives.
Net income for the quarter ended Aug. 31 was $1.35 billion, or 27 cents a share, up from $1.12 billion, or 22 cents, a year earlier, Oracle said in a statement today. Revenue surged 48% to $7.5 billion.
Wells Fargo analyst Jason Maynard expects Oracle shares to keep growing in the next 12 months as the result of its acquisition of Sun Microsystems earlier this year. The company is scheduled to report its earnings Thursday.
Big Blue isn't bullish on Hewlett-Packard. IBM CEO Samuel J. Palmisano launched a verbal barrage Tuesday at its Silicon Valley rival, criticizing HP's expensive 3PAR purchase, its handling of the ouster of scandal-tarnished CEO Mark Hurd, and its overall strategy.
HP is close to a deal to buy security software maker ArcSight (ARST). The transaction would be worth about $1.5 billion, or a little more that $43 a share. That's a 24% premium over where ArcSight's shares traded on September 10.
Now that Oracle CEO Larry Ellison has HP's Mark Hurd, he could be getting ready to make his next move -- and go for all of HP. Sounds crazy, but at least one respected tech analyst thinks it'll happen. And he notes that Ellison is used to winning.
The latest rumor floating around Silicon Valley: Hewlett Packard's newest board member, Marc Andreessen, the Silicon Valley legend who founded Netscape, pushed former CEO Mark Hurd out the door in an effort to assert his influence on the company's direction.
It might be a scandal. Or an illness. Or the CEO could simply quit. Regardless of the cause, major companies can't afford to wait until a sudden crisis dictates the search for a new CEO. Korn/Ferry's Ana Dutra explains.
Oracle' CEO saw his compensation drop 17% this year, but he's far from being in the poor house. Ellison, the sixth richest man in the world, earned a total of $70.1 million during the fiscal year.
Mark Hurd will receive an annual salary of $950,000 and a bonus of as much as $10 million for fiscal 2011 in his new position as president of Oracle. It's a big drop from his HP compensation.





















