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Oracle CEO Larry Ellison  (Source: PeopleSoft Planet)

Mark Hurd, Former HP CEO  (Source: Getty Images)
Ellison calls HP board "idiots"

HP is the largest computer maker around with a business that spans the globe and reaches into the corporate and consumer markets. The company recently forced the resignation of its CEO Mark Hurd after allegations of sexual harassment and falsified expense statements.

The CEO of Oracle Lawrence Ellison is speaking out in support of Hurd and condemning HP's board for Hurd’s departure. Ellison and Hurd are reportedly close friends, though the companies do compete on some levels and work together on other projects.

Ellison sent an email to the New York Times stating, "The H.P. board just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago. That decision nearly destroyed Apple and would have if Steve hadn’t come back and saved them."

Ellison continued in the email claiming that, "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."

According to Ellison, a debate amongst the HP board was raging on whether or not to disclose the allegations of sexual harassment to the public. Hurd reportedly didn’t see the need to force disclosure of the allegations after an investigation by the HP board found that the claims were false.

Hurd and the woman involved in the case, Jodie Fisher, both maintain that there was no romantic relationship between them. However, Fisher reportedly settled the claims with Hurd for an undisclosed sum of money.

Why there would have been a settlement if nothing happened is unknown. HP maintains that the reason for Hurd to be forced to resign was due to falsifying expense reports in an effort to conceal the relationship.



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RIP HP
By Mithan on 8/10/2010 10:15:50 AM , Rating: 1
The United States is going to collapse soon anyways into a world changing depression. This means that the people were going to be far too poor to keep buying HP products anyways, so who cares if they fire the guy.




RE: RIP HP
By Ammohunt on 8/10/2010 2:33:27 PM , Rating: 2
Pray that it doesn't becasue the whole world will go with it.


RE: RIP HP
By michael67 on 8/11/2010 12:52:42 AM , Rating: 1
Doubtful, yes the US is a important market, but the EU market is 50% bigger, and Asia is getting almost as strong as the EU and US combined.
Remember EU and US count only for 10% of the worlds population, and even do militarily speaking the US is still the biggest boy on the block, financially speaking its all ready behind EU, and China is soon if they all ready haven't taking over spot 2 and are going for Nr 1.

And don't forget about country's like Taiwan, Korea and India, they are getting stronger and stronger as we get weaker over time.

Its time that American exceptionalism is put aside America is not better then anyone else, and even if it was, its going down the same road as Rome, due to the same problem, greed and corruption by the rich.
Top 1% of the people got more money then the lower 90% combined, and if we not waking up and do something about it the American dream go's the same way as the dodo's, and for most people its all ready gone there.
https://secure.wikimedia.org/wikipedia/en/wiki/Ame...

America is no longer the country of the free but the country of scared and owned by the greedy.


RE: RIP HP
By FishTankX on 8/11/2010 8:33:54 AM , Rating: 3
http://en.wikipedia.org/wiki/List_of_countries_by_...

According to this chart, the EU is about eqiuvalent to the US in GDP. Not 50% bigger. This should say something, considering that the US's GDP per capita is probably 50% higher than the EU's (as per this link: http://en.wikipedia.org/wiki/List_of_countries_by_...

So I imagine as far as consumption goes, The US is a huge market for imports. I'd say that the US is probably the most important country as far as gross imports go. Even when put up against the euro zone.


RE: RIP HP
By tmouse on 8/11/2010 8:55:16 AM , Rating: 3
Why is it doubtful? While the EU market may be 50% bigger many of its members are still in serious default risk. Germany, Australia, and the US have the lowest default risk. If the US economy goes down the tubes the others will also. As for Asia, Japan has serious problems itself with an aging population and very low birth rate as well as its dependency on external markets, and while China is buying our debt how will an economic collapse here not affect them? Europe is seeing a temporary stabilization due to the enormous stimulus payments they have been pushing out, but just like our debt spending I fear it’s too late we all have to stop looking for “quick fixes” and just hunker down and accept if it is still possible to avoid a serious depression it will require a lot of long time suffering and some real solid economic and behavioral reform. The problem is I do not see any evidence of anyone in authority taking any proactive steps. Our current policies seem to be close your eyes, click your ruby slippers together and say “there is no place like home.”


RE: RIP HP
By nafhan on 8/11/2010 9:57:29 AM , Rating: 2
If the US collapsed, the whole world would go with it (economically). If the EU collapsed, the whole world would go with it. If China, etc., etc. Your blatant anti-Americanism doesn't make that any less true.


RE: RIP HP
By Ammohunt on 8/11/2010 11:16:56 AM , Rating: 2
Not true Its called buying power because of our freedoms America is the largest consumer of goods world wide you don't generate consumers like that over night if that disapeared it would create a huge vacuum.


RE: RIP HP
By michael67 on 8/11/2010 4:58:40 PM , Rating: 2
quote:
Your blatant anti-Americanism doesn't make that any less true.

I worked and lived for 8 years in Texas, and have many friend there, do i hate the part of you that thinks the US way is the best way of living, and I lived there long enough to see both sides, and to be honest there are a lot of things i really liked when i was living there, a specially the low taxes compared to Holland and even more compared to Norway ware i live now.
But that's only true if you have a job, if you don't have one, you f......

Holland is a small country compared to the US whit only 17.5m people, still last year only 650 houses ware sold under privet bankruptcy up only 100% form 5 years ago.

If you get out of a job, you don't get thrown out of your house, do having stake for diner is out of the question you will make end meet even do you have to scrape the barrel.

I now socialism is a bad word in the us, do Americans that have bin here for a wile see its not suds a bad thing after all.

Do on the moment i really don't like my home country that mouths eider, as politics of fear is also ruling Holland on the moment just like in the USA.


RE: RIP HP
By Ammohunt on 8/11/2010 11:14:26 AM , Rating: 2
quote:
Its time that American exceptionalism is put aside America is not better then anyone else, and even if it was, its going down the same road as Rome, due to the same problem, greed and corruption by the rich.


Spoken like a true college grad ignorant of so many things.
I know you would like American Exceptionalism to go away in your twisted Marxist way you would attempt to make everyone "equal" by legislation because Its easier to control the world populace when everyone marches lock step with the herd. I for one will be the first to spit in the eye of Marxists such as yourself and if need be take to arms like my fore-fathers to prevent the subjugation to a ruling class and oppression you are proposing.


RE: RIP HP
By Reclaimer77 on 8/11/2010 1:10:41 PM , Rating: 2
quote:
Its time that American exceptionalism is put aside America is not better then anyone else, and even if it was, its going down the same road as Rome, due to the same problem, greed and corruption by the rich.


Yes except the rich were the ruling class, aka government, who consolidated all the power and turned a once Democratic Republic empire into a centralized corrupt bureaucracy who collapsed under it's own weight. Sound familiar?

Not sure where you are getting your history lessons from.


RE: RIP HP
By ipay on 8/10/2010 3:49:03 PM , Rating: 3
Did the voices in your head tell you this, or was it the Illuminati?


For once...
By MrBlastman on 8/10/2010 10:26:20 AM , Rating: 3
I agree with Larry. Political correctness is registering at insane levels these days in America, especially in the workplace. This guy was a million times better than Carly and they should have just let things be; it isn't like he slept with her.




RE: For once...
By nafhan on 8/10/2010 10:48:39 AM , Rating: 5
Uhm, he got fired for falsifying expense reports, and was cleared of the other stuff. Falsifying expense reports is pretty much stealing and would certainly get me fired.
Anyway, we're getting only bits and pieces of the whole story, and there's almost certainly a lot more to it than expense reports and harrassment.


RE: For once...
By Reclaimer77 on 8/10/2010 4:39:15 PM , Rating: 3
quote:
Uhm, he got fired for falsifying expense reports, and was cleared of the other stuff. Falsifying expense reports is pretty much stealing and would certainly get me fired.


So what? They gave him 40 freaking million for letting him go. So what's the message here? Fudge a few thousand, or even hundreds of thousands, on an expense report and we'll fire your ass and give you tens of MILLIONS!? How does that make sense?

Here's a crazy idea, but ummm, instead of firing someone for it, why don't you simply demand he make things right and reimburse the company? I mean, do we even know for a fact the discrepancies were intentional?

Also it's pretty ironic these "discrepancies" came right at the same time Mrs. Cocktease came on the scene. I'm just saying...


RE: For once...
By nafhan on 8/11/2010 9:46:22 AM , Rating: 2
That's why I wrote the part of the post you didn't quote. Clearly lying, in writing, about money is bad, and certainly adequate for firing someone, but they probably could have found some way to keep him if they wanted to. Again, there's more to this than harrassment or expense reports. I think there's a good chance the drama's not over.


RE: For once...
By croc on 8/10/2010 7:07:12 PM , Rating: 2
Let me tell you about falsifying expense reports...
My partner used to work for an investment banker. The traders would frequently go out of country to a client's site to close a deal... They were expected (by the client) to do some wining and dining, (especially the Japanese). There expense reports read like something out of the latest best seller, ie so blatently false that no one would believe them, yet they fit within the company's guide lines.

She asked one such why he couldn't just file a truthful report... To which he replied something like, You want me to close a .5 billion deal by feeding them double cheeseburgers?


RE: For once...
By guffwd13 on 8/10/2010 3:03:02 PM , Rating: 2
I actually agree with you completely on that topic. But I'm surprised, no comment on how this guy's an idiot because of all the CEO's in the world he could have chosen to reinforce that ridiculousness of the whole HP situation, he chose Steve Jobs?

And you're against political correctness, but you're in favor of ethical business practices? That seems like an oxymoron.


Something Stupid this way Comes
By Belard on 8/10/10, Rating: 0
RE: Something Stupid this way Comes
By amanojaku on 8/10/2010 10:41:59 AM , Rating: 1
1) You have to be sane to go crazy...

2) Try "incremental, but functional" vs. "game-changing, but doesn't work as advertised"

3) I always assume branded desktops are crap (I build my own), and I have a sh1ty Dell notebook for work(other option was a Mac). However, of the big three (Dell, HP, IBM) HP is the clear winner with the best mix of pricing, build quality, and configuration options. I would argue that Sun's x86 line is as good as HP's, and sometimes performs better, but few people think of x86 when they buy Sun. Well, Oracle, now.

As to the stupid, that's a necessary evil of publicly traded companies. You might never grow so large without investors, but you have to deal with a lot of crap because folks are constantly worried about the bottom line. Losses are unacceptable, and no amount of profit is ever enough. And if you're the CEO, or visible enough, and you screw up you're canned.


By mattclary on 8/10/2010 11:15:58 AM , Rating: 2
quote:
You might never grow so large without investors, but you have to deal with a lot of crap because folks are constantly worried about st0ck price .


There, fixed that for you.

Stupid spam filters...


Mark Hurd
By jatkinsaut on 8/10/2010 11:17:31 AM , Rating: 2
Perhaps it would have been better for everyone if Mr. Hurd had returned to HP 100 times the amount he misrepresented on his expense report. This would have sent a clear enough message that lying on expense reports cannot be tolerated. It would have minimized the disruption that HP is experiencing. Of course, this 100x rule might need to be applied to all HP employees.




RE: Mark Hurd
By Taft12 on 8/10/2010 1:03:44 PM , Rating: 1
The message that sends is that stealing is fine if you get away with it.


relationship
By mattclary on 8/10/2010 11:18:20 AM , Rating: 2
quote:
HP maintains that the reason for Hurd to be forced to resign was due to falsifying expense reports in an effort to conceal the relationship.


Yes, the relationship that didn't exist. What a crock of sh1t. He was so laying the pipe to her...




By inscrutablelyAble on 8/10/2010 1:08:01 PM , Rating: 2
If we consider Ms. Fisher's dodgy reputation -- plus the lack of evidence tying her sexually to Mr. Hurd -- it might suggest that she was paid to be eye candy at some number of events; either for Mr. Hurd, or for the shear pleasure of her personality. Additionally, Mr. Hurd was probably reluctant to specify her on his expense report and may have used a false name, or shadow corporation, to facilitate payment (e.g. She may have just been escorting him to HP functions.)




Call a spade a spade
By Taft12 on 8/10/2010 1:10:35 PM , Rating: 2
quote:
Hurd and the woman involved in the case, Jodie Fisher, both maintain that there was no romantic relationship between them. However, Fisher reportedly settled the claims with Hurd for an undisclosed sum of money.


Her ambulance-chasing lawyer had plenty to do with this, but the term usually used here is "hush money".




Ellison?
By Ammohunt on 8/10/2010 2:36:59 PM , Rating: 2
look up the definition of Idiot in the dictionary and you will see Larry Ellisons name the guy has no shame.




Not sure about this part
By InternetGeek on 8/10/2010 8:16:56 PM , Rating: 2
quote:
Ellison sent an email to the New York Times stating, "The H.P. board just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago. That decision nearly destroyed Apple and would have if Steve hadn’t come back and saved them."


I think Apple fired Jobs because he WAS driving the company into the ground. They brought him back, but he doesn't have the same level of control over the company as he did before.




Ignore the man behind the curtain.
By Taft12 on 8/10/10, Rating: -1
RE: Ignore the man behind the curtain.
By brokenaxiom on 8/10/2010 11:03:35 AM , Rating: 5
I'm not sure where you hear that HP has been failing for ten years, but under the reign of Hurd, the company has doubled its market cap. It also has become the largest manufacturer of PCs in the world. And they are well positioned for competing with the Ipad thanks to the Palm acquisition.

quote:
Sexual harassment allegations alone against any HP employee below the executive level would result in them being immediately walked out of the building. Like his buddy, Larry is also in favour of different standards for "more important" staff.


No they would result in an investigation. If wrongdoing was found, then termination or disciplinary action. And yes you have different standards for more important staff. If Steve Jobs fudged some expense reports, then Apple would be utterly insane to fire him. They would simply correct the mistake through reimbursement. Some people- although replaceable- are really nice to have around.


By Jedi2155 on 8/10/2010 12:43:02 PM , Rating: 2
I agree, its like the Emperor sending off his right hand Darth Vader to jail for sexually harassing some poor Twi'lek slave girl.


By Taft12 on 8/10/2010 1:02:06 PM , Rating: 2
I'm not sure doubling the market cap is as impressive as it sounds given the economic conditions during his tenure.

I read the thoughts of a former higher-up with HP whose opinion I respect shortly before I read this DT story which was obviously fresh in my mind (pretty scathing and pessimistic stuff!)

http://perens.com/blog/d/2010/8/10/31/

If double standards are OK as you say, how much corruption is too much? Mark Hurd offered to repay the amount of the falsified expense reports (~$20,000 which is practically pennies) but only because he got caught. Would this be OK if it was in the millions? It would still be minor compared to HP's balance sheet. This kind of thing is very harmful to morale in the company (which is pretty damn low already), and I come down on the side that claims the board did the right thing.


By rdhood on 8/10/2010 1:55:58 PM , Rating: 5
HP preachs ethics to the employees. Employees are required to take hours of ethics training every year.

It is hard to spend millions preaching breach-of-ethics to the tribe as a cause for termination, and then let the chief have a pass. It fosters an "us vs. them" mentality that rots a company from inside out.


By nitrous9200 on 8/10/2010 11:24:37 PM , Rating: 2
And as they've risen to #1 in shipments, their quality has tanked. In my small computer repair shop, I have not seen a brand with as many different product failures and even design flaws across so many different product lines as HP. But of course, that's what happens when companies start cutting costs to save $2 on each product they manufacture!


By Reclaimer77 on 8/10/2010 4:32:51 PM , Rating: 1
quote:
Way to conveniently ignore the provable claim that the expense reports were falsified. HP has been floundering for a decade and Hurd was not helping.


Yeah except they gave him 40 million (I think?) for leaving. I mean, maybe I'm crazy, but I seriously doubt you could have a discrepancy anywhere CLOSE to that big without someone catching it. So instead of firing him, and losing even bigger sums of money, couldn't they simply have demanded he paid back the expense discrepancy? Given him a forced vacation or leave, and then did the usual spin control and gone on their happy way with Herd remaining CEO?

Maybe I'm using too much common sense. But the more I learn about this soap opera, the more I think Herd was fired for pretty dubious reasons.


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