Hurd sued by HP over Oracle job September 7, 2010 MARK HURD, the former chief executive of Hewlett-Packard (HP), is being sued by the computer company over his move to join rival Oracle. Hurd was appointed as co-president and director of Oracle, the world’s third-largest software maker, yesterday and just one month after he resigned from HP. HP has alleged that Hurd’s move to Oracle [...]
Oracle in talks to hand former HP boss new role September 5, 2010 ORACLE has offered a job to Mark Hurd, the former chief executive of Hewlett-Packard who resigned amid a scandal involving inaccurate expense receipts related to a female contractor. It is understood that a final decision has not yet been made. Oracle was not immediately available for a comment. Hurd resigned early last month, after a [...]
Search is on for successor of ousted HP boss August 19, 2010 Hewlett-Packard yesterday named headhunting firm Spencer Stuart to lead the search for a new chief executive following ousting of Mark Hurd. The former boss was forced to resign for inaccurate expense claims brought to light in the wake of sexual harassment allegations by former porn star Jodie Fisher. Spencer Stuart will consider both internal and [...]
FINANCE BOSS SAYS SORRY FOR HITLER GAG August 18, 2010 AN UPDATE on the saga of Stephen Schwarzman, the Blackstone Group chief executive who ruffled a feather or two recently by comparing the plight of the private equity industry to the Second World War. The ever-outspoken Schwarzman, peeved at the ongoing battle between US politicians and the sector over increasing its tax burden, claimed: “It’s [...]
Shareholdersshow disdain for Dell chief August 18, 2010 DELL founder Michael Dell survived an investor savaging during his re-election to chief executive, with more than a quarter of voters withholding their support. Shareholders are furious at the firm’s fall from being the biggest computer manufacturer in the world to its current third place behind Hewlett-Packard (HP) and Acer. Dell’s stock is down more [...]
Oracle slams HP’s corporate correctness August 10, 2010 Oracle boss Larry Ellison yesterday laid into Hewlett-Packard after its chief executive Mark Hurd was forced to resign following allegations by a former porn star. Ellison slammed HP’s board for ousting close friend Hurd despite clearing him of sexually harassing Jodie Fisher, star of movies including Sheer Passion and Intimate Obsession. Ellison said: “The HP [...]
Porn star takes centre stage in the ousting of HP boss Mark Hurd August 9, 2010 A glamorous former porn star set in motion the chain of events that last week ended with the downfall of one of America’s most powerful chief executives. HP boss Mark Hurd, 53, was forced to resign after it was found $20,000 (£12,500) of expense claims in his name were inaccurate. It then emerged the married [...]
Wall Street pauses ahead of Fed rates August 9, 2010 US stocks rose yesterday in the quietest session of the year on speculation that the Federal Reserve would signal potential steps to boost the sluggish economic recovery. Volume was a mere 5.71bn shares, compared with last year’s estimated daily volume of 9.65bn shares, as investors were wary of taking new positions before the Fed’s statement [...]
Ousted HP boss settles with accuser August 8, 2010 HEWLETT-PACKARD’S former chief executive officer Mark Hurd has reached a legal settlement with the woman who accused him of sexual harassment, and she has also agreed to release HP from legal claims, according to sources familiar with the matter. The world’s biggest computer maker stunned Wall Street and Silicon Valley on Friday by announcing Hurd’s [...]
EX-CITI BANKER CLAIMS UNFAIR DISMISSAL – FOR BEING GORGEOUS June 2, 2010 WE’VE all heard of lawsuits being fired back and forth due to foxy females being sexually harassed at work, but bringing a legal complaint because managers insist a lady is too attractive to wear her normal office attire? That’s got to be a new one. Latino bombshell Debrahlee Lorenzana has filed a lawsuit in New [...]