Hewlett-Packard (HPQ) is suing its former chief executive, Mark Hurd, after news that he will be taking the post of co-president at competitor Oracle (ORCL). HP alleges that Hurd could end up violating confidentiality agreements by accepting the position.
Consider: Larry Ellison is 66 and Hurd is 54, plus Hurd has plenty of experience running a tech company much larger than Oracle. So, it seems likely that the Hewlett-Packard castoff -- now an Oracle co-president -- is destined to take over once Ellison decides to move on.
Oracle's Larry Ellison is standing by his man, ex-Hewlett-Packard CEO Mark Hurd. Ellison, who was highly critical of HP's board of directors for showing Hurd the door over a seemingly minor expense-report infraction has hired his friend to become one of Oracle's co-presidents.
Former Hewlett-Packard CEO Mark Hurd, who was forced out of the company after sexual harassment charges were brought against him, is said to be in talks to join Oracle, the world's largest enterprise software company.
CEOs who cut the most jobs during the recession earned an average of 42% more than their S&P 500 peers, according to a study by the Institute for Policy Studies. Top execs at the 50 firms that laid off the most workers since the economic crisis began averaged nearly $12 million in 2009.
The fallout continues for Mark Hurd. The former Hewlett-Packard CEO is stepping down from News Corp.'s board of directors.
Businesses large and small have complained for years about the cost of doing business. And it's not unusual for them to use the cost of hiring moderate-income workers to illustrate their points. Here's what they fail to mention.
Scandal-shaken Hewlett Packard reported solid earnings results. The company's results weren't a surprise because it pre-announced its results after Hurd's departure.
According to news reports, HP's directors were surprised Hurd had settled the sexual-harassment claim before they could learn more about the incident. This contributed to their unanimous vote to oust Hurd as CEO the following day.
The Justice Department, which has been investigating bribes Hewlett-Packard allegedly paid in Russia, has asked the company to voluntarily turn over internal records.
Although HP's competitors have been quiet so far, the Mark Hurd fiasco has to smell like blood in the water around Silicon Valley. Where exactly might HP be most vulnerable? And where might it still hold an edge? Here's a business-by-business rundown.
Ex-CEO Mark Hurd built HP into a sprawling, ungainly mishmash, a "one-stop-shop" for info tech that few companies are clamoring for. It's probably better off chopped into three smaller outfits that could manage growth more easily on their own.
Oracle's billionaire CEO Larry Ellison is angry about how HP's board treated his "close friend" Mark Hurd. In a scathing letter released late Monday, Ellison said the HP board "just made the worst personnel decision since the idiots on the Apple Board fired Steve Jobs many years ago."
Mark Hurd left HP under a cloud, but thanks to a lavish severance package, his financial future looks sunny. This prompts two fundamental questions: Why did Hurd get such a generous payout? And is it fair?
Inappropriate reporting of expenses got Mark Hurd fired from his job running Hewlett-Packard. Will it also cost him his seat on News Corp.'s board of directors?
The woman at the center of the Hewlett-Packard scandal has already used up about 10 of her 15 minutes of fame. But there are many unanswered questions in this sordid tale that should disturb investors.
In the wake of Mark Hurd's resignation, HP's board now must assemble a list of possible candidates both from inside and outside the company. Some analysts call Todd Bradley, executive VP of HP's Personal Systems Group -- the $42 billion mobile and PC business -- the odds-on favorite.
If the scandal surrounding former Hewlett-Packard CEO Mark Hurd's resignation has taught us anything, it's this: Dishonesty pays at HP -- if you hold a high enough position, that is. Whether we like it or not, employees look to those above them for cues about appropriate workplace behavior, and that includes fraud.
While HP's stock doubled under Hurd -- from $21 to below $42 -- and his departure sliced off 10% of its value, there seems to be a gap between HP's net income growth and the slide in its cash position with him as CEO.
The Mark Hurd saga, which began Friday when he resigned as Hewlett-Packard CEO under pressure, isn't over. Several reports say he settled sexual harassment charges by a female contractor. The board apparently isn't buying his account of their meetings.
Ousted Hewlett-Packard CEO Mark Hurd may be disgraced, but his bank account isn't. He's leaving the company with a severance package worth approximately $28 million in cash and stock.
CEO Hurd was seen as rescuing Hewlett-Packard from the mess left behind by his ill-fated predecessor, Carly Fiorina. That is, until he wound up getting ousted for creating his own mess. The world's leading computer company now has to regroup again.
The chief executive of Hewlett-Packard resigned Friday amid allegations of improper behavior. The company said it did not find any violations of sexual harassment, but did find Hurd violated the company's standards of business conduct.
