10 Aug 2010
Oracle chief executive Larry Ellison has launched a blistering attack on the HP board for forcing the resignation of chief executive Mark Hurd.
Ellison said in an email to The New York Times that the decision is a grave mistake, and is not in the interests of the company or its customers and shareholders.
"The HP board just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago," he said. "That decision nearly destroyed Apple, and would have if Steve hadn't come back and saved them."
Ellison, who is a friend of Hurd's, said that, after the HP board found that there had been no harassment, it was advised by a public relations consultant to go public on the news.
Hurd disagreed and the board voted 6-4 to disclose the investigation, at which point resignation became part of the package.
"In losing Mark Hurd, the HP board failed to act in the best interests of HP's employees, shareholders, customers and partners," said Ellison.
"The HP board admits that it fully investigated the sexual harassment claims against Mark and found them to be utterly false."
The original complaint against Hurd was made by Jodie Fisher, a part-time actress, who was working as a marketing consultant for HP at the time.
"I was surprised and saddened that Mark Hurd lost his job over this. That was never my intention," she said in a statement.
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A $20M termination for a $0.2M abuse
According to http://www.v3.co.uk/v3/news/2267806/hp-chief-executive-resigns "Mark Hurd to quit after HP sexual harassment probe", the eventual abuse "between 2007 and 2009... reportedly ranged from $1,000 to $20,000", that Hurd agrees to repay, and "According to the terms of his resignation, he will receive an immediate payment of $12,224,693". If true, Larry Ellison has a point: when a company doesn't fire a $20k/y secretary for a $10 abuse over 2 years (which I assume is the case of all companies including HP), then they shouldn't fire a http://www.siliconbeat.com/2009/01/20/2522 $40M/y CEO for a $20k abuse. Versailles, Wed 11 Aug 2010 17:18:00 +0200
Posted by: Michel Merlin 11 Aug 2010