Linked by Thom Holwerda on Tue 7th Sep 2010 20:15 UTC
Legal "It took Hewlett-Packard less than a day to file a lawsuit against its former chief executive, Mark V. Hurd, over his decision to join its rival and partner Oracle as a co-president. H.P. filed its lawsuit on Tuesday in the Superior Court of California in Santa Clara, claiming that Mr. Hurd had breached his contract with the company. The lawsuit said that Mr. Hurd could use his intimate knowledge of H.P. and its trade secrets to aid Oracle and harm H.P. The two companies compete in the market for computer servers, storage systems and business software."
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Not too fair
by David on Tue 7th Sep 2010 21:35 UTC
Member since:

You're fired, and by the way, you can't take the job that you're perfectly qualified for, which is heading up another big tech company. Our contract says that if we fire you, you have to go work at Starbucks afterward. I don't think this will stand up in court unless HP can prove that they didn't force him to resign and that he resigned just so he could take the Oracle job.

Reply Score: 3

RE: Not too fair
by Soulbender on Wed 8th Sep 2010 07:42 in reply to "Not too fair"
Soulbender Member since:

Our contract says that if we fire you, you have to go work at Starbucks afterward.

Sorry, but I have a really hard time feeling sorry for someone who rakes in as much dough as he most likely did. Also recall that he resigned because of inapproriate behavioiur so no, I really don't feel sorry for him.
It's standard practice for such positions that you can't join a competitor for X number of onths after resigning. It's not like he couldnt have done the smart thing and waited but we've already seen that he lack both smarts and ethics.
Although why Oracle would even want to hire him is anyone's guess.

Edit. Ah, Ellison is his buddy. well, that explians it.

Edited 2010-09-08 07:44 UTC

Reply Parent Score: 5

RE: Not too fair
by kwanbis on Wed 8th Sep 2010 12:49 in reply to "Not too fair"
kwanbis Member since:

No. Is more like "you are fired, and you have 35+ million dollars in compensation, go out and fool around for a couple of decades".

I don't understand why he even wants to keep working.

If i ever get 10+ million bonus, i say good by, and go out to travel the world.

Edited 2010-09-08 12:53 UTC

Reply Parent Score: 3

RE[2]: Not too fair
by tylerdurden on Wed 8th Sep 2010 13:22 in reply to "RE: Not too fair"
tylerdurden Member since:

That's because you are not a sociopath.

Most CEOs don't reach that position by being either nice or actual functional human beings. At some point, the level of greed displayed by some of the super wealthy must be considered what it is: pathological.

Reply Parent Score: 4

RE: Not too fair
by tylerdurden on Wed 8th Sep 2010 13:20 in reply to "Not too fair"
tylerdurden Member since:

Whatever, lowly engineers are forced to sign non-compete agreements which puts them in the same pickle. eVen though technically they are illegal in Cali. What it is good for the goose, should be good for the gander. Let'em taste their own medicine.

There are far more people who deserve actual concern for fairness that some guy who just got a massive golden parachute. He doesn't have to work a single day in his life, and yet still live better than you. And you worry about "fairness" now?

Edited 2010-09-08 13:26 UTC

Reply Parent Score: 2