

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.
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...
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.
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
"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.
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.
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.
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.
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