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Mark Hurd

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BUSINESS
September 6, 2010 | Alex Pham and Jessica Guynn
Mark Hurd, ousted a month ago as chief executive of Hewlett-Packard Co., is being considered for the No. 2 job at software giant Oracle Corp. Although the details are still being finalized, Hurd is likely to join his longtime friend and sometime tennis partner Larry Ellison, the outspoken CEO of Oracle who blasted HP for the move, according to several people knowledgeable about the discussions. In an e-mail sent to the New York Times three days after Hurd's resignation Aug. 6, Ellison called HP's move "the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago. " Hurd had been credited with nearly doubling HP's market value to $100 billion and surpassing IBM Corp.
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BUSINESS
July 1, 2013 | By Chris O'Brien
Even in a place where the seemingly fantastic happens on a daily basis, the events of last week involving Oracle Inc. left many long-time observers of the tech scene in Silicon Valley stunned. Oracle, the Redwood City giant best known for its database software, announced a series of partnerships with two sworn blood enemies (Microsoft and Salesforce.com) and another rival with whom it has a complicated relationship (NetSuite). This followed by a few weeks another deal with a rival, Dell.
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BUSINESS
September 22, 2006 | James S. Granelli, Times Staff Writer
Hewlett-Packard Co. Chief Executive Mark V. Hurd offered Thursday to testify at a congressional hearing next week about the company's corporate spying scandal amid growing evidence that he knew more about it than previously believed. Hurd's offer followed reports that he had been aware of at least some of HP's efforts to dig into the lives and private records of about 20 directors, employees, reporters and their families to find out who leaked sensitive company information to the media.
BUSINESS
August 1, 2012 | Bloomberg News
A California judge has ruled that Oracle Corp. is contractually obligated to continue developing software for Hewlett-Packard Co.'s Itanium-based servers. The decision Wednesday by Judge James P. Kleinberg in San Jose advances Hewlett-Packard's lawsuit to a jury trial to determine whether Oracle broke the contract and what, if any, damages should be awarded. Both sides have 15 days to file an objection to the decision, the judge said. The judge agreed with Hewlett-Packard that Oracle made a commitment to support Intel Corp.
BUSINESS
September 21, 2010 | By David Sarno
Hewlett-Packard Co. agreed Monday to end a lawsuit aimed at preventing its recently ousted chief executive, Mark V. Hurd, from going to work for rival Oracle Corp. Under the settlement, Hurd agreed not to disclose HP's trade secrets to his new employer and waived his rights to nearly 345,000 special stock units he was entitled to as part of his severance package. If sold today, they would be worth close to $14 million. In addition to the stock units he gave up, Hurd's severance package included more than $12 million in cash and 775,000 stock options that vested on the day of his resignation, worth tens of millions more.
BUSINESS
January 24, 2006 | From Bloomberg News
Hewlett-Packard Co. paid Chief Executive Mark Hurd $24.4 million last year in salary, bonus, stock options and other compensation. The Palo Alto-based company also paid ousted CEO Carly Fiorina $22.3 million last year in salary and severance. Fiorina, who worked for three months in 2005, earned $575,287 in salary and the rest in severance. Hurd, who took over April 1, received $816,667 in salary, a bonus of $5.13 million and stock and options worth $9.
BUSINESS
August 1, 2012 | Bloomberg News
A California judge has ruled that Oracle Corp. is contractually obligated to continue developing software for Hewlett-Packard Co.'s Itanium-based servers. The decision Wednesday by Judge James P. Kleinberg in San Jose advances Hewlett-Packard's lawsuit to a jury trial to determine whether Oracle broke the contract and what, if any, damages should be awarded. Both sides have 15 days to file an objection to the decision, the judge said. The judge agreed with Hewlett-Packard that Oracle made a commitment to support Intel Corp.
BUSINESS
January 24, 2007 | From the Associated Press and Bloomberg News
Hewlett-Packard Co. said Tuesday that Chief Executive Mark Hurd received an $8.6-million bonus in 2006, a year of strong performance but one plagued by scandal over its shady boardroom spying antics. In its proxy filing with the Securities and Exchange Commission, HP said Hurd received the bonus on top of his $1.4-million base salary for his strong leadership in helping the company grow and become more efficient. The computer and printer maker surged past IBM Corp.
BUSINESS
August 31, 2010 | Bloomberg News
Hewlett-Packard Co., the world's largest maker of personal computers and printers, said Monday that its board had approved an additional $10 billion for share repurchases. The move adds to $4.9 billion already available and will help offset dilution from employee stock purchases, HP said. The company will repurchase at least $3 billion in shares in the fourth quarter ending in October, interim Chief Executive Cathie Lesjak said in a statement. The Palo Alto company is in a bidding war with Dell Inc. for data storage provider 3Par Inc. of Fremont.
BUSINESS
March 30, 2005 | Terril Yue Jones, Times Staff Writer
Hewlett-Packard Co. on Tuesday named NCR Corp. Chief Executive Mark Hurd to head the storied computer and printer maker as it struggles to compete in an industry it helped create. Hurd, who joined NCR out of college in 1980, was a surprise choice. His hiring came seven weeks after HP's board ousted chief Carly Fiorina over dissatisfaction with her "execution" after the acquisition of Compaq Computer Corp. that she engineered two years ago.
BUSINESS
December 31, 2011 | By David Sarno, Los Angeles Times
A letter detailing allegations of sexual harassment against former Hewlett-Packard Co. Chief Executive Mark V. Hurd is renewing interest in the year-old scandal but is not expected to hurt his position at Oracle Corp. The content of the June 2010 letter, which eventually led to Hurd's ouster from HP, was disclosed Thursday after a federal judge in Delaware ruled that releasing the letter would not violate Hurd's privacy rights. Prepared by Los Angeles attorney Gloria Allred, the letter chronicles Hurd's alleged efforts to woo Jodie Fisher, an event hostess and actress.
BUSINESS
August 28, 2011 | Michael Hiltzik
Austrian economist Joseph Schumpeter is usually credited with using the term "creative destruction" to describe how capitalism evolves by supplanting the old with the new. But it's a fair bet that Schumpeter never could have imagined how creatively Hewlett-Packard Co. has managed its own destruction. Arguably the founding engineering firm of Silicon Valley when it was created by Bill Hewlett and David Packard in 1939, HP has been on a more than decade-long stumble dating back to before the appointment of the glamorous Carly Fiorina as chief executive in 1999.
BUSINESS
January 21, 2011 | Walter Hamilton and Tiffany Hsu
Five months after the controversial ouster of its chief executive, Hewlett-Packard Co. announced Thursday that four members of its board of directors were stepping down. They are being replaced by five newcomers including Meg Whitman, the former EBay Inc. chief executive who was defeated in her bid to be elected California governor last November. The board of HP, which is the world's largest computer maker, drew widespread criticism last August for its handling of a scandal involving Mark Hurd, its once highly respected CEO. The board forced Hurd to resign amid accusations of sexual harassment and expense-account abuse.
BUSINESS
December 21, 2010 | Bloomberg News
The Securities and Exchange Commission has begun an inquiry into Mark Hurd's departure as chief executive of Hewlett-Packard Co., according to two people familiar with the matter. The people declined to be identified because the inquiry hasn't been made public. The securities regulator is looking into whether Hurd leaked information about HP's planned acquisition of Electronic Data Systems Corp. to a contractor, according to a published report. Hurd, 53, left HP on Aug. 6 after an investigation found that he violated standards of business conduct by concealing a personal relationship with a contractor.
BUSINESS
October 11, 2010 | Reuters
Hewlett-Packard Co. on Monday defended new Chief Executive Leo Apotheker from the latest barrage of criticism and accused former CEO Mark Hurd of lying repeatedly to the board while still HP's chief. HP said there was no evidence that former SAP chief Apotheker, whose appointment disappointed some in the investment community, was involved in misconduct that took place at the German software giant, as asserted by New York Times columnist Joe Nocera. That aggressive stance, laid out in a letter to the New York Times by incoming HP Chairman Ray Lane, could further inflame the company's already testy relationship with partner and rival Oracle Corp.
BUSINESS
October 1, 2010 | By Jessica Guynn
Hewlett-Packard Co. on Thursday tapped Leo Apotheker as its chief executive, handing the reins of the world's largest technology company to a software industry veteran with global credentials. Apotheker, who spent more than two decades at German business software company SAP, abruptly resigned as its CEO earlier this year. He succeeds Mark Hurd, whose ouster by HP in August sent shock waves through Silicon Valley, where he was credited with turning around the company that is now the largest seller of printers, personal computers and servers as well as a major player in services, storage and software.
BUSINESS
January 21, 2011 | Walter Hamilton and Tiffany Hsu
Five months after the controversial ouster of its chief executive, Hewlett-Packard Co. announced Thursday that four members of its board of directors were stepping down. They are being replaced by five newcomers including Meg Whitman, the former EBay Inc. chief executive who was defeated in her bid to be elected California governor last November. The board of HP, which is the world's largest computer maker, drew widespread criticism last August for its handling of a scandal involving Mark Hurd, its once highly respected CEO. The board forced Hurd to resign amid accusations of sexual harassment and expense-account abuse.
BUSINESS
September 13, 2010 | By Brandon Bailey
Hewlett-Packard Co. is continuing its recent spending spree by buying ArcSight Inc., a Cupertino, Calif., security software company, in a deal worth about $1.5 billion, the two companies confirmed Monday. HP said it would pay $43.50 a share for the company, which makes software that detects intrusion attempts on big computer networks. The deal will help HP beef up its line of software for commercial computer systems, as it increasingly tries to sell a full range of hardware, software and tech services.
BUSINESS
September 21, 2010 | By David Sarno
Hewlett-Packard Co. agreed Monday to end a lawsuit aimed at preventing its recently ousted chief executive, Mark V. Hurd, from going to work for rival Oracle Corp. Under the settlement, Hurd agreed not to disclose HP's trade secrets to his new employer and waived his rights to nearly 345,000 special stock units he was entitled to as part of his severance package. If sold today, they would be worth close to $14 million. In addition to the stock units he gave up, Hurd's severance package included more than $12 million in cash and 775,000 stock options that vested on the day of his resignation, worth tens of millions more.
BUSINESS
September 13, 2010 | By Brandon Bailey
Hewlett-Packard Co. is continuing its recent spending spree by buying ArcSight Inc., a Cupertino, Calif., security software company, in a deal worth about $1.5 billion, the two companies confirmed Monday. HP said it would pay $43.50 a share for the company, which makes software that detects intrusion attempts on big computer networks. The deal will help HP beef up its line of software for commercial computer systems, as it increasingly tries to sell a full range of hardware, software and tech services.
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