Oracle offered job to ex-HP CEO Hurd says source

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Mark Hurd, chairman, CEO and president of HP speaks at the Fortune Brainstorm Tech conference in Pasadena, California, in this July 24, 2009 file photo. REUTERS/Fred Prouser/Files

Mark Hurd, chairman, CEO and president of HP speaks at the Fortune Brainstorm Tech conference in Pasadena, California, in this July 24, 2009 file photo.

Credit: Reuters/Fred Prouser/Files

NEW YORK | Sun Sep 5, 2010 1:27pm EDT

NEW YORK (Reuters) - Oracle Corp has offered a job to Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal involving inaccurate expense receipts related to a female contractor, according to a source familiar with the situation.

The source said a final decision has not yet been made. Oracle was not immediately available for a comment.

Hurd resigned on August 6, after a probe into sexual harassment allegations. HP said he filed inaccurate expense reports related to Jodie Fisher, a marketing contractor who worked for Hurd's office from 2007 through 2009.

A separate source had previously told Reuters that Hurd had received job overtures from private equity firms and public companies immediately after his shocking departure from HP, the world's largest technology company by revenue.

It was unclear what job Hurd was offered.

On August 9, Oracle CEO Larry Ellison, in a letter, slammed HP's decision to oust Hurd, his close friend, calling the actions of HP's board "cowardly.

Shares of HP are down 13 percent since Hurd's resignation. Plucked from relative obscurity to head HP, Hurd is credited with resuscitating the technology giant by cutting costs and pursuing ambitious acquisitions.

HP said the expense reports were meant to hide a "close personal relationship" with Fisher, a sometime actress who has appeared in television shows and movies.

(Reporting by Ritsuko Ando, additional reporting by Jonathan Spicer, editing by Maureen Bavdek and Marguerita Choy)

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Comments (5)
Gerport2001 wrote:
This is an exquisite payback from Hurd to HP management. A powerful statement from Larry Ellison to HP “you people messed-up!!”. Hurd knows where the skeletons are hidden, and can now help Oracle bury HP..

Sep 05, 2010 12:58pm EDT  --  Report as abuse
mottom wrote:
I’m sure there is an agreement somewhere buried in the contract to stop Hurd from doing anything to underscore HP.

Nice to know that Oracle supports unethical behaviors from its future employees and probably current employees.

Sep 05, 2010 4:33pm EDT  --  Report as abuse
Ams3777 wrote:
This is nothing surprising, I saw that coming the CEO from Oracle Corp Lerry Ellison and Mark Hurd they have been a very good friends for a long time. But I can assure you Mr Hurd is not going to take the offer, he doesn’t like to be the second man, he knows he can do a lot better than just be CEO assistant of Mr Ellison.
Oracle Corp can not afore to have to CEOs

Sep 05, 2010 6:28pm EDT  --  Report as abuse
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