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    HP Sues Ex-CEO Mark Hurd Over Oracle Job

    in Hewlett-Packard



    DATE: 2010-09-07 | By Jessica Davis
    Article Rating:starstarstarstarstar / 4
    Article Views: 4917

      Table of Contents:
    1. HP Sues Ex-CEO Mark Hurd Over Oracle Job
    2. Oracle Threatens to Cut Ties with HP

    HP has filed suit in California Superior Court against its former CEO Mark Hurd alleging that he cannot fulfill his duties as Oracle's new president without violating his confidentiality agreements with HP. Oracle responded, threatening to cut all business ties to HP.

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    HP Sues Ex-CEO Mark Hurd Over Oracle Job - Oracle Threatens to Cut Ties with HP


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    Oracle responded with fire and fury in a tersely worded statement, threatening to cut off all business dealings with HP.

    “Oracle has long viewed HP as an important partner,” said Oracle CEO Larry Ellison, in the statement. “By filing this vindictive lawsuit against Oracle and Mark Hurd, the HP board is acting with utter disregard for that partnership, our joint customers, and their own shareholders and employees.   The HP Board is making it virtually impossible for Oracle and HP to continue to cooperate and work together in the IT marketplace."




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