Mark V. Hurd, the former CEO of Hewlett Packard, resigned amid controversy over sexual harassment allegations concerning a former consultant, Jodie Fisher. After leaving Hp, he was just lately hired by Oracle as part of the executive team of that company. Hurd is the brand new co-president of Oracle. Nevertheless, it isn’t easy to jump from one huge tech business to one more. Hurd had to sign confidentiality agreements as part of his employment with HP. As a result, HP is suing Oracle for not legally hiring him. Hurd is a giant among men within the tech industry.
Hurd and Hewlett Packard did not part on the greatest conditions
As outlined by Reuters, Oracle Corp. just announced a new hire. That would be Mark Hurd. . Oracle is one of the largest computer technology corporations within the world, behind only Microsoft and IBM in sales of software. Oracle acquired Sun Microsystems earlier this year, placing the company in direct competition with Hp. Hewlett Packard had a high profile bidding war with Dell for 3COM. Hurd resigned in August from HP after allegations of sexual harassment, brought by a former consultant, Jodie Fisher.
Did Oracle divine Hp suing them?
Oracle made a bold move by acquiring Sun Microsystems. It made the business a competitor of Hewlett Packard. The lawsuit alleges that Oracle could not legally hire Hurd, as outlined by the New York Times. As CEO of Hewlett Packard, he has inside information which could breach contracts with Hp. Hurd was known as a significant player within the tech field during his tenure at Hp. Hp became far more efficient under Hurd’s stewardship, and became a success story in the past five years. Hp allowing Hurd to leave was compared to when Apple let Steve Jobs go by none other than Lawrence Ellison, the CEO of Oracle.
Hewlett Packard might have an argument
Hurd, as a former CEO of Hewlett Packard, does have insider info that can damage Hp. There are generally confidentiality clauses in executive contracts. There is no guarantee the lawsuit will go really far. That said, it can be worth it in the end, as Hurd has a reputation for making an awful lot of cash.
Find more data on this subject
Reuters
reuters.com/article/idUSN0724548420100907
NY Times
nytimes.com/2010/09/08/technology/08hewlett.html?src=busln
