Oracle offered job to ex-HP CEO Hurd: 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 | Mon Sep 6, 2010 6:37am 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 (1)
jonnboy42 wrote:
A note to corporations: People get horny, and act on it. It’s not going away. Learn to deal with it properly. HP-take notes! You’ve gushing money again, Hurd was setting your organization back on the winning path. Now you’ve pissed him off and blown it.

Oracle is going to make a mint if they bring Hurd into the fold.

Sep 06, 2010 2:52pm EDT  --  Report as abuse
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