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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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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.


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