Oracle CEO Larry Ellison calls HP CEO firing "cowardly"

By on August 11, 2010 at 1:01 AM.

Oracle CEO Larry Ellison calls HP CEO firing "cowardly"

Last Friday, HP CEO Mark Hurd resigned amidst sexual harassment allegations that his former employer chose to make public. Monday, in a letter to the New York Times, Oracle CEO Larry Ellison did not mince words about his thoughts on the forced resignation of Mr. Hurd. “The H.P. board just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago. [...] In losing Mark Hurd, the H.P. board failed to act in the best interest of H.P.’s employees, shareholders, customers and partners. The H.P. board admits that it fully investigated the sexual harassment claims against Mark and found them to be utterly false.” Ellison went on to say, “publishing known false sexual harassment claims is not good corporate governance; it’s cowardly corporate political correctness.” Hurd, who had been with HP for five years, is set to receive a severance package of cash and stock worth an estimated $28 million. At least he won’t go away empty handed? More →

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HP CEO resigned amidst sexual harassment allegations

By on August 6, 2010 at 5:10 PM.

HP CEO resigned amidst sexual harassment allegations

This is not how you want to start your weekend. The Wall Street Journal is reporting that HP CEO Mark Hurd has resigned, effective immediately, due to sexual-harassment allegations. In a statement, Mr. Hurd said: “As the investigation progressed, I realized there were instances in which I did not live up to the standards and principles of trust, respect and integrity that I have espoused at HP and which have guided me throughout my career.” HP said that the former CEO did not violate the company’s sexual-harassment policy, but they did find instances were he violated HP’s “Standards of Business Conduct.” Chief Financial Officer Cathie Lesjak will assume the roll of interim CEO. Hurd had been with HP for the past five years. More →

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