Oracle has confirmed that former Hewlett-Packard CEO Mark Hurd has found a cushy place to land after one of the year’s messiest tech scandals. Hurd will be joining the company as Co-President alongside Oracle CEO and close friend Larry Ellison.
This comes as no surprise if you believed yesterday’s rumors of Hurd’s hire or took note of the fact that Ellison came to his defense during the controversy over allegations of harassment by former HP contractor Jodie Fisher.
According to The New York Times, Ellison chastised HP for firing Hurd last month, calling it “the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago.”
Mark Hurd wrapped up five years at HP last August and during his tenure the company’s stock price had more than doubled. Hurd was compensated generously for his accomplishments, pulling a $24.2 million in salary at HP in 2009.
He now has the unique opportunity to use what he learned at HP to maximize Oracle’s acquisition of Sun Microsystems, one of H.P.’s direct competitors.
Says Ellison, “Mark did a brilliant job at H.P., and I expect he’ll do even better at Oracle. There is no executive in the I.T. world with more relevant experience than Mark.”
Hurd will be replacing Oracle Co-President Charles Phillips, who was coincidentally on the receiving end of another sex scandal earlier this year.
Oracle is an enterprise IT company with a specialty in database management systems.
Hewlett-Packard Company (NYSE: HPQ), commonly referred to as HP, is an American multinational information technology corporation headquartered in Palo Alto, California, USA. HP is one of the world’s largest information technology companies and operates in nearly every country. HP specializes in developing and manufacturing computing, data storage, and networking hardware, designing software and delivering services. Major product lines include personal computing devices, enterprise servers, related storage devices, as well as a diverse range of printers and other imaging products....
Mark Hurd is the Co-President at Oracle, which he joined in early September 2010. Prior to Oracle, Hurd had most recently served as chief executive officer and president of HP and a member of the company’s board of directors since early 2005. In September 2006, he was named chairman of the board. Hurd was forced out of his position at HP in August 2010. Prior to joining HP, Hurd spent 25 years at NCR Corp., where he held a variety...
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