Linked by Thom Holwerda on Fri 6th Aug 2010 22:15 UTC
In the News Right before the weekend, we have some interesting news from Hewlett Packard, hardware and software maker, but most of all (at least to me) owner of Palm and its assets. CEO of HP, Mark Hurd, has resigned, effective immediately, after the board found out he had behaved "inappropriately" towards a former HP marketing contractor which "violated HP's Standards of Business Conduct". Cathie Lesjak has been appointed interim CEO while the company seeks a new one.
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If you can believe them.
by Tuishimi on Fri 6th Aug 2010 23:01 UTC
Tuishimi
Member since:
2005-07-06

...I've seen some... "questionable" actions taken/reasons given in employee hiring and firing in my time.

Reply Score: 3

v I think Microsoft is behind this
by gnufreex on Sat 7th Aug 2010 04:18 UTC
tyrione Member since:
2005-11-21

Microsoft already infiltrated their guy as a chef of OS and software division at HP.

http://www.businessweek.com/news/2010-05-05/hewlett-packard-names-b...

Microsoft is scared that HP might strongly push Linux over Windows on servers, so they are probably removing Hurd because he isn't doing enough to help Microsoft's anti-Linux jihad.

I expect to see Microsoft guy replacing Hurd.


I believe Mr. Little Bill is behind this and was speaking for Mr. Big Bill and he went out of his way to forge company expenses to hide all the "gifts" he paid for to make Mr. Little Bill happy. He clearly shows he is an idiot.

Any CEO at his level in the Valley can pick his choice of women to have a relationship, on their won exceedingly large dime. He has as much ethics as Carly.

Good riddance.

Reply Score: 1

vivainio Member since:
2008-12-26


I believe Mr. Little Bill is behind this


It says so in the summary.

Gifts as expenses probably would not be a problem, but making deals because of "services" provided can annoy shareholders quite a bit.

Reply Score: 2

gnufreex Member since:
2010-05-06

Let's wait and see what happens when new CEO gets appointed. I think it will be Rick Belluzzo all over again.

http://en.wikipedia.org/wiki/Richard_Belluzzo

http://www.urbandictionary.com/define.php?term=belluzzo&defid=38616...

Reply Score: 1

Arnaudk Member since:
2010-08-07

I hope they won't hire such a guy. HP is one of the top-selling netbooks that preload Linux on it. Also it would be a huge setback for Palm acquisition (Will this guy kill also WebOS in favour of Windows Mobile 7 ?)

Reply Score: 2

gnufreex Member since:
2010-05-06

Well, it looks like Larry Ellison also thinks that there was no 'sexual harassment'.

http://www.guardian.co.uk/business/2010/aug/10/oracle-boss-blasts-h...

"Publishing known false sexual harassment claims is not good corporate governance; it's cowardly corporate governance"

It was Microsoft harassment that Hurd did, not sexual harassment.

Reply Score: 1

CEO Job Duties
by hackus on Sat 7th Aug 2010 14:51 UTC
hackus
Member since:
2006-06-28

Call me cynical, but isn't that what most CEO's do today?

I mean half the CEO's today have been indicted, are on other boards to facilitate massive board collusion...(i.e. Shell Oil execs on GM's Board then expecting gas efficient cars seems to be well....stupid.)

Smells fishy.

-Hack

Reply Score: 3

RE: CEO Job Duties
by vivainio on Sat 7th Aug 2010 16:23 UTC in reply to "CEO Job Duties"
vivainio Member since:
2008-12-26


Smells fishy.


Very appropriate observation :-P.

Reply Score: 2

RE: CEO Job Duties
by fanboi_fanboi on Mon 9th Aug 2010 20:37 UTC in reply to "CEO Job Duties"
fanboi_fanboi Member since:
2010-04-21

I mean half the CEO's today have been indicted, are on other boards to facilitate massive board collusion...


Half of the CEOs of all corporations have been indicted?

Exaggerate much?

Reply Score: 1

a bad seed
by jonathane on Sat 7th Aug 2010 16:16 UTC
jonathane
Member since:
2009-05-31

I always knew that guy had a defective kernel.

Reply Score: 1

Sounds too capitalistic
by viton on Sat 7th Aug 2010 18:46 UTC
viton
Member since:
2005-08-09

"HP has an extremely talented executive team supported by a dedicated and customer focused work force."

How pathetic...
"customer focused work force" Well, you know, all that dirty crowd who actually doing all the work.
Yeah, it requires talent to sell the most expensive liquid on planet.

Reply Score: 2

RE: Sounds too capitalistic
by ari-free on Sun 8th Aug 2010 08:41 UTC in reply to "Sounds too capitalistic"
ari-free Member since:
2007-01-22

"Yeah, it requires talent to sell the most expensive liquid on planet."

That would be BP, not HP

Reply Score: 1

RE: Sounds too capitalistic
by ari-free on Sun 8th Aug 2010 08:43 UTC in reply to "Sounds too capitalistic"
ari-free Member since:
2007-01-22

haha now I get it. You were talking about printer ink, not sweet crude.

Reply Score: 3

What's up with these guys?
by cmost on Sat 7th Aug 2010 21:30 UTC
cmost
Member since:
2006-07-16

Can't they simply do their work without putting their hands on the hired help? I blame the proliferation of Viagra for this. ;-P

Reply Score: 2

CEOs and their conduct
by mbpark on Sat 7th Aug 2010 23:45 UTC
mbpark
Member since:
2005-11-17

This is more common than you think.

Mark Hurd just got caught.

Henry Nicholas from Broadcom did much worse: http://www.thesmokinggun.com/documents/crime/billionaire-drug-bust

Now you know where the "profits" from many of these companies go. They don't go to re-investing into the technology in a lot of cases. They go to hiding the screwups of many C-levels, and a lot of things that shareholders never know about because they're hidden very well in the financial reports.

A lot of C-level executives treat their companies like piggy banks with their pick of sexual partners attached. This is nothing new. There are more than enough enablers and lackeys in the executive ranks that encourage this. Again, this is nothing new. Absolute power corrupts absolutely.

What is a potential problem for HP is that their CEO lied on his expense reports. He can be held liable for this under SOX, and therefore, can be charged and sent to jail. Anyone that helped him gets charged too.

The SEC would prosecute something like this because it makes the news and makes them look like they are doing something, and it puts the screws to a disagreeable character. Meanwhile, for every Mark Hurd, there are 1,000 other C-levels that are doing much worse, and 10,000+ people that got screwed by companies that will never get justice for their plight because the SEC will focus their best and brightest on prosecuting someone over expense reports.

Reply Score: 2

ceo
by xaeropower on Sun 8th Aug 2010 00:07 UTC
xaeropower
Member since:
2005-12-16

Sick fucks like this try to keep their positions for 10-20 years instead of giving others the opportunity to proceed with their careers and have his position.

Made enuf monnies anyways now i can apply :S

Reply Score: 1

Comment by pjafrombbay
by pjafrombbay on Sun 8th Aug 2010 02:57 UTC
pjafrombbay
Member since:
2005-07-31

Is this really an OSNews type topic? IMHO it ought to be in the gossip columns rather than a serious (or used to be serious) column.

Regards,
Peter

Reply Score: 2

RE: Comment by pjafrombbay
by bousozoku on Sun 8th Aug 2010 04:42 UTC in reply to "Comment by pjafrombbay"
bousozoku Member since:
2006-01-23

Is this really an OSNews type topic? IMHO it ought to be in the gossip columns rather than a serious (or used to be serious) column.

Regards,
Peter


Maybe, they'd rather talk about why Mark Papermaster left Apple.

I'm still thinking that it's defective that all this "talent" can take away such a large severance package, especially for those who ruin a company, even if they can't do it on their own.

Reply Score: 2

Bit unfair, but for the severance package
by fran on Sun 8th Aug 2010 09:37 UTC
fran
Member since:
2010-08-06

Few mention the multimillion dollar golden handshake he received. For that money they can fire me any day for whatever f@#@ng reason.
Just some points here, normally companies’ don’t fire there execs even if they are coke sniffing LSD heads. As long as money rolls and the shareholders are happy.
I think HP and press might have been a bit unfair here.
1. He was cleared of sexual harassment.
In other words we had two consenting adults here.
2. She wasn’t even an HP employee.
3. It looks like the scorned woman case and maybe not even scorned just opportunistic.

In this specific case I think the lawsuit was frivolous and opportunistic and a shame for the gender equality in the workspace. Men to are frequently victims here.
This is the reason why so many execs hire men or old ladies for assistants these days.

Reply Score: 1

lenrek Member since:
2005-07-07

From article...

... several other facts came to light that made Hurd's position as CEO untenable; he "failed to disclose a close personal relationship he had with the contractor that constituted a conflict of interest, failed to maintain accurate expense reports, and misused company assets".

He did not resign due to the lawsuit.

Edited 2010-08-08 11:32 UTC

Reply Score: 1

sounds fishy
by TechGeek on Mon 9th Aug 2010 14:18 UTC
TechGeek
Member since:
2006-01-14

According to other sources, the woman, Jodie Fisher, says they never had sex. And she is sorry he lost his job. She did receive money in a settlement, but how much is anyone's guess. She and Hurd are being very tight lipped about the whole thing.

Reply Score: 2