Oracle, HP Fight Over Hurd
HP and Oracle both ratcheted up the hostilities yesterday as HP sued its former CEO and now Oracle president Mark Hurd and Oracle responded with a statement from CEO Larry Ellison threatening to cut ties with HP. The companies are protecting their turf, for sure, and their shareholders' investments. Probably the biggest losers in the whole game are HP and Oracle customers and partners who may suffer if these two companies don't make peace.
Here's a look at the quick moving events leading up to yesterday's actions:
HP CEO Mark Hurd resigns following a sexual harassment scandal involving a contractor and what the HP board said were irregularities in Hurd's expense reports.
August 6: Sexual Harassment Probe Leads to Surprise Resignation of Mark Hurd
August 8: Five possible replacements for Mark Hurd to head up HP
August 9: HP CEO Search: Tech Giant at Crossroads as Hurd Replacement Sought
August 10: Oracle's Ellison Condemns HP Board Action on Hurd
August 12: Qualities HP's new CEO Must Possess
September 2: Lessons to Draw from Hurd's Departure from HP
September 7: Oracle Hires Former HP CEO Mark Hurd
September 8: HP Sues Ex-CEO Mark Hurd Over Oracle Job, Oracle Fires Back
September 8: Oracle President Mark Hurd's Big Paycheck