Oracle CEO says Firing Mark Hurd has been a Fatal Mistake
Lawrence Ellison, CEO of database software maker Oracle, charged Hewlett-Packard's board of creating a crucial mistake in ousting their chief Mark Hurd due to sexual harassment and erratic expense report cases. In an email sent to the New York Times, Ellison rattled off the odds for HP's decision.
“The H.P. board just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago,” wrote Oracle chief Ellison to the New York Times, “that decision nearly destroyed Apple and would have if Steve hadn’t come back and saved them.”
Oracle has been an HP competitor in computing hardware market since its purchase of Sun Microsystems early this year. But Ellison and Hurd have maintained a close personal friendship with one another. Mr. Hurd even drops by Mr. Ellison’s Silicon Valley house to play tennis.
The Oracle chief touched on HP’s corporate administration in his email. He said, “In losing Mark Hurd, the H.P. board failed to act in the best interest of H.P.’s employees, shareholders, customers and partners…The H.P. board admits that it fully investigated the sexual harassment claims against Mark and found them to be utterly false.”
The investigative committee had been unable to come up with enough proof of sexual misconduct by Mr. Hurd and actress Jodie Fisher, who was hired by HP to work at marketing events. Both also denied having had romantic affair.
In defense, HP directors stated that Mr. Hurd had been forced to leave because of a break of trust. He reportedly filed erratic expense reports to camouflage his romantic relationship.View Article Source »