Oracle CEO Defends Fellow Executive Mark Hurd

Richard Duboc

This week, Oracle C.E.O. Lawrence (Larry) Ellison chastised Hewlett-Packard’s  (HP) Board of Directors for forcing the resignation their C.E.O. Mark Hurd.

Calling it “the worst personnel decision since the idiots on the Apple board fired Steve Jobs,” Ellison doesn’t pull any punches in showing his disgust.

On August 9th Hurd announced that he would no longer be calling the shots at one of the Bay Area’s largest and most profitable companies.

The Board made the decision after a discrepancy in expense reports appeared to ad credibility to an allegation that Mark Hurd had formed a non-professional relationship with consultant and former actress Jodie Fisher.

Many people around the business community believe that there may have been more to the story then the $20,000 in misappropriated funds. However, Fisher has maintained that the relationship did not become sexual and that she is “surprised and saddened” that Hurd lost his job. Whether or not the C.E.O. is guilty of sexual-harassment or if his abuses of power merit dismissal is now a matter of opinion.

It is obvious that Ellison’s opinion is very strong. His assertion that the Board’s decision goes against the “interest of HP’s employees, shareholders, customers and partners” includes himself due to Oracle and HP’s close business partnership.

Ellison is most certainly angry that HP is losing the man who led them out from the brink of economic collapse, but he may also be worried that this sets a precedent that Directors can be swayed by unsubstantiated allegations and blackmail.

C.E.O.s around the world are now worried that their extracurricular activates will catch up to them.