Oracle Chief Executive Larry Ellison issued on Tuesday a strongly worded criticism of Hewlett Packard(HP) and its lawsuit against HP’s former Chief Executive Mark Hurd, suggesting that Oracle might discontinue its 25-year partnership with HP. “Oracle has long viewed HP as an important partner,” said Oracle CEO Larry Ellison in a statement. “The H-P board [...]
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Mark Hurd : His Oracle Move Made HP to Suit Against Former CEO
September 8, 2010 By Leave a Comment
Hewlett-Packard (HP) is suing its former CEO Mark Hurd, alleging breach of contract and threatened misappropriation of trade secrets, a day after he was named co-president of rival Oracle. Below, a look at some of the most salient points in the suit. In a civil lawsuit filed with the Superior Court of California for the [...]
Report Says that Mark Hurd May Get $40 Million from HP
August 16, 2010 By Leave a Comment
Citing executive pay experts who combed over Hurd’s employment agreements, the Financial Times of London reported over the weekend that Hurd’s airtight contract with Hewlett-Packard didn’t include specific circumstances in which the company would fire him “for cause,” which would have enabled it to avoid paying severance. Hurd will get a severance payment of $12.2 [...]
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