September 21, 2010 |
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.
CALIFORNIA | LOCAL
December 6, 2011 |
Patricia Dunn, the former Hewlett-Packard Co. chairwoman whose role in an explosive corporate spying scandal overshadowed her storybook rise from temporary secretary to one of corporate America's most powerful women, has died. She was 58. Dunn, who had battled ovarian cancer for nearly eight years, died Sunday morning at her home in Orinda, Calif. Her death was confirmed by Hewlett-Packard spokesman Michael Thacker. Dunn dropped out of the public spotlight since resigning as outside chairwoman of Hewlett-Packard in September 2006 amid a media firestorm that she had approved a surveillance and sting operation to plug board-level leaks about one of the world's largest technology companies.
January 24, 2006 |
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.
August 1, 2012 |
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.
January 21, 2011 |
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.
January 24, 2007 |
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.