Tag archive: Mark Hurd

Back in August 2010, Mark Hurd stepped down as CEO of Hewlett-Packard amid allegations of inappropriate conduct and sexual harassment involving Jodie Fisher, an actress who took a job with HP as a hostess for corporate events. In departing HP, Hurd acknowledged he “did not live up to the standards and principles of trust, respect and integrity that I have espoused at HP,” but the details of the allegations against him were never… Read More

This last week has been full of corporate drama. Google is apparently being pounded by the US Senate for its “bait and switch” strategy, and HP’s brand new CEO, Leo Apotheker, is already rumored to be out. Rumors suggest that HP’s new board member Meg Whitman is likely to replace him if booted. I think that would be an incredibly bad idea, because it would basically repeat the mistake Yahoo’s board made with Carol Bartz. My friend Lance Ulanoff… Read More

Hewlett-Packard's 20-percent nose-dive in stock price last week has stirred up rumors that Oracle may be considering moving in. The rumors seem to stem from a New York Post article published over the weekend. The Post says HP's 10 billion dollar decision to buy UK software company Autonomy “puts the world’s largest tech company in a vulnerable position and may make it an Oracle takeover target”. An unnamed source told the Post… Read More

Shareholders of technology giant Hewlett-Packard have sent the company's leaders a clear message: it's time to move on from the era of former CEO Mark Hurd. At the company's annual shareholder meeting, investors approved the nominations of five new members to HP's board of directors, along with new CEO Leo Apotheker himself, as well as seven sitting board members. Each of the board members up for election received more… Read More

Hewlett-Packard's new CEO Leo Apotheker is taking steps to reshape the technology giant: HP has announce that it is bringing on five new members to its board of directors, temporarily increasing the number of seats on its board from 13 to 17. The company expects that, in March, some heads will roll and the size of the board will be reduced again to thirteen members. “The addition of these new directors will further diversify the… Read More

According to a court filing in San Francisco earlier this week, Hewlett-Packard is considering launching an independent investigation into the recent departure of former CEO Mark Hurd—including a closer look at the considerable executive compensation package he received. According to the filing, the company is considering the action in response to a shareholder's demand. Hurd abruptly departed from HP last year following… Read More

The U.S. Securities and Exchange Commission has launched an investigation into the abrupt departure of Mark Hurd as Hewlett-Packard's chief executive earlier this year, focusing in particular on whether Hurd leaked details about HP's confidential intentions to acquire Electronic Data Systems. Hewlett-Packard acquired EDS—the technology services company founded by Ross Perot—back in May 2008 for a whopping $13.9… Read More

Database giant Oracle has won a major victory in its software theft case against rival SAP: a jury has ordered SAP to pay Oracle $1.3 billion to Oracle for stealing software and customer support materials from a password-protected Oracle Web site. If the finding holds up, the award will be one of the largest ever granted for software piracy, and may send a clear signal to the enterprise and business software communities not only because of the… Read More

Technology giant Hewlett-Packard managed to beat market expectations with its fourth quarter earnings report, announcing that the company has seen a five percent increase in profits and an eight percent jump in overall revenue compared to the same quarter a year ago. For an idea of how large a company HP is, the company had revenues of $33.3 billion during the quarter and earnings of $2.5 billion. “HP proved once again that it is able… Read More

From a stock price standpoint, no one could have moved HP’s stock price higher by taking the reins than Apple’s Tim Cook, but even Cook would have been a really bad fit for HP. This is because HP is an umbrella company that’s related, in structure, to IBM, rather than Apple. To change HP to mirror Apple would have resulted in trimming something like 80 percent off – and that surgery is probably not survivable by any company. However, Leo… Read More

Hewlett-Packard has named Léo Apotheker as its new chief executive officer, hopefully putting an end to the company's top-office turmoil after the abrupt resignation of former CEO Mark Hurd in August. Apotheker comes to Hewlett-Packard from the CEO position SAP, which specializes in business software applications aimed at large enterprises. Apotheker spent more than 20 years at SAP. HP has also appointed him to the HP Board of Directors.… Read More

Hewlett-Packard has resolved its lawsuit against database giant Oracle over hiring former HP CEO Mark Hurd on as a co-President and that the companies are re-affirming their long-term strategic partnership. Although the companies claim the terms of the settlement are confidential, filings with the U.S. Securities and Exchange Commission reveal some of the details: Hurd will be giving up options on more than 330,000 shares of HP stock awarded… Read More

Database giant Oracle has announced that former HP CEO Mark Hurd has joined Oracle as a co-President, and has also been appointed to the company's board of directors. Hurd will replace Charles Phillips as both co-President and a member of the HP board; Phillips announced his resignation from both posts at the same time Hurd accepted the positions. “Mark did a brilliant job at HP and I expect he'll do even better at… Read More

Last month, Mark Hurd resigned from the CEO position at Hewlett-Packard after the HP board dteremined that he had violated the company's code of business conduct with regard to his relationship with a former marketing contractor who worked with Hewlett-Packard. Now, reports are surfacing in the Wall Street Journal (subscription required) and elsewhere that Hurd is considering a senior position at database giant Oracle—although the… Read More

The sudden forced resignation of HP CEO Mark Hurd following sexual harassment allegations may not have gone over well with Oracle’s CEO Larry Ellison, who called the HP Board “idiots,” but the sentiment was not shared by the majority of HP employees. In the wake of Hurd’s departure, HP employees are beginning to speak out, claiming that Hurd was “profane, a bully, autocratic, threatening, demeaning, vindictive, and rude” according to HP Phenom,… Read More