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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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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.”


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