Posted by
Mark Coppock on Sep 7th, 2010 in
General |
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I’d rather not report on this kind of thing, but it looks like HP has filed a complaint against Mark Hurd given his recent decision to join Oracle and serve as “Co-President” with CEO Larry Ellison. Here’s the gist:
“Despite being paid millions of dollars in cash, stock and stock options in exchange for Hurd’s agreements to protect HP’s trade secrets and confidential information during his employment...
Posted by
Mark Coppock on Sep 6th, 2010 in
General |
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It was entirely predictable when Larry Ellison, Oracle’s CEO, slammed the HP board of directors for forcing Mark Hurd’s resignation as HP CEO. And, it’s happened, pretty much on cue: Mark Hurd has joined Oracle and will be serving as “Co-President alongside Ellison. The New York Time has the story:
In naming Mark V. Hurd, the former chief executive of Hewlett-Packard, as Oracle’s new co-president, Lawrence...
Posted by
Mark Coppock on Aug 14th, 2010 in
General |
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The New York Times has a story today where they outline the “real reason” HP’s board forced out now ex-CEO Mark Hurd. In short, while HP’s performance under his leadership was excellent:
Its 2009 revenue was $115 billion, up from $80 billion when he took over. Four years ago, H.P. even leapt past mighty I.B.M. in revenue, making it the country’s biggest technology company. Its average annual 18 percent...
Posted by
Mark Coppock on Aug 6th, 2010 in
General |
1 comment
HP’s CEO Mark Hurd has resigned his position, with CFO Cathie Lesjak stepping in as interim CEO. The HP board will be searching for a replacement.
A great deal has already been written about this, and I just wanted to say: don’t jump to conclusions, folks. HP isn’t Apple—they’re not driven by a charismatic, dominant CEO like Steve Jobs (not that this is inherently a bad thing). While the organization will...