Print 35 comment(s) - last by michael67.. on Aug 11 at 4:58 PM

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

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.

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

By FishTankX on 8/11/2010 8:33:54 AM , Rating: 3

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:

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.

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.”

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.

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.

By michael67 on 8/11/2010 4:58:40 PM , Rating: 2
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.

By Ammohunt on 8/11/2010 11:14:26 AM , Rating: 2
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.

By Reclaimer77 on 8/11/2010 1:10:41 PM , Rating: 2
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.

"If a man really wants to make a million dollars, the best way would be to start his own religion." -- Scientology founder L. Ron. Hubbard

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