Larry Ellison Rips HP Board a New One
theodp writes "No stranger himself to sexual harassment allegations, Oracle CEO Larry Ellison has denounced HP's directors for forcing the resignation of HP CEO Mark Hurd. 'The HP board just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago,' Ellison wrote. For now, it seems that Rupert Murdoch is also standing by Hurd, who sits on News Corp's Board of Directors and its Corporate Governance Committee. Less likely to survive the scandal is Hurd's relationship with HP General Counsel Mike Holston, who accepted Hurd's signed separation agreement after leading an investigation into Hurd's actions, which Holston told the NY Times 'showed a profound lack of judgment.' Quite a change from just last year, when Hurd and Holston teamed up to get their daughters' elite prep school a state-of-the-art HP Data Center."
Does anyone know if there is hard evidence (heh) proving this guy's guilt? It would be a real shame for this to be a false accusation that destroys a man's career...
Living With a Nerd
No stranger himself to sexual harassment allegations, Oracle CEO Larry Ellison
I heard Larry Ellison keeps the sexual harassment forms in the bottom drawer of his desk. That way when a woman goes to get one he can check out her ass.
.
Trolling is a art,
This has turned into a episode of Mad Men. the lawyer wants the CEO out, because maybe he has some dirt on him. Call it Pack Men.
Hopefully, the offended woman will do some Ahley Dupree photo shoots soon so we can see what the fuss is about.
I bet the guy was too successful and shook things up for too many of the other managers.
The other guys being, you know, the rider/failure/moron type of management common at most companies.
You can't get things done in a big company like HP without pissing on a few people's pet projects and interests.
Mod me down, my New Earth Global Warmingist friends!
With so many senior tech company staff quitting or being fired in the past few weeks, I must conclude that there is a connection. The Earth is doomed, and these individuals have been chosen to be part of the secret task-force designing the space craft that will whisk the rich and influential away to live on another planet.
No kidding!!! What do you say at this point?
Be nice to find another news source - like this one where a login was not needed.
"In losing Mark Hurd, the H-P board failed to act in the best interest of H.P.'s employees, shareholders, customers and partners," Ellison wrote in an email to The New York Times, which posted excerpts of the email late Monday. "The H-P board admits that it fully investigated the sexual harassment claims against Mark and found them to be utterly false."
+++ UGUCAUCGUAUUUCU
Mark violated other company policies and chose the better path. There are many other people who can fill the shoes of the CEO at HP. Mark's departure strengthened the HP brand and that is very valuable.
It seems like there are only about ten people in total that sit on the boards of all the world's Corporations. Something's wrong with that.
For justice, we must go to Don Corleone
Is this how "corruption on a massive scale" is spelled, nowadays?
"The agriculture ministry is not in charge of Gundam" - Japanese ministry official.
It is a matter of a criminal court, not company policy.
How many times do we have to say it people? It's GNU/Hurd!
Part of the scandal that she didn't want him fired as he had already settled the harassment charges with her. The pictures I saw showed very attractive actress back in her 30s (she is 50 now). She was hired for marketing and networking. ("HP paid her up to $5,000 per event to greet people and make introductions among executives")
She reported unwanted advances and that uncovered a forged dinner reimbursement with her that was why he was ousted. (He probably was with another woman but claimed it was her so he could get dinner reimbursed.) She says she was "surprised and saddened" that Hurd lost his job. http://www.msnbc.msn.com/id/38611219/ns/business-us_business/
Why do I remember reading some long article (NY Times? New Yorker?) about intrigue on the HP board. It may have been Fiorina related, but I seem to recall something to do with cell phone records, etc.
He was not fired for the sexual harassment stuff. In fact he was cleared of violating HP's policy and he settled the suit out of court. Both he and woman have confirmed that they did not have a sexual relationship.
He was fired for filing inaccurate expense reports totalling about $20,000. Basically he concealed the fact that he was expensing meetings with this woman. HP has stated that they do have clear evidence of that, and that Hurd admitted it and offered to repay the $20k. Instead they fired him.
He was a superstar manager. If HP's financial performance suffers without Hurd, they could lose tens of billions of dollars in market cap. If that happens I have to think that investors are going to question whether that $20k was worth it.
Build a man a fire, he's warm for one night. Set him on fire, and he's warm for the rest of his life.
This is the board that hired Carly, setting a new standard for "worst personnel decision". Compared to that, this doesn't even make a blip on the radar.
Just because you're paranoid doesn't mean they aren't out to get you
'The HP board just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago,'
I'm surprised Ellision is surprised. The HP board is no stranger to godawful personnel decisions.
-- If you try to fail and succeed, which have you done? - Uli's moose
Everyone is focusing on the sexual aspects of this. If you read through HP's statements, they fired him because he falsified expense reports (lied) so he could give money to the woman involved for *consulting* services that appeared to have either never been performed or were done so poorly as to be worthless (stole).
HP canned his butt for stealing, plan and simple. It would be idiotic to keep a thief on as your CEO, especially in this political, companies are the root of all evil climate. HP's board did their job in this case.
If Larry Ellison backs Hurd then he must be his kind of scum - fearless and inventive. Takes one to know one.
That is all.
From http://bit.ly/98DlLO
"The investigation discovered that Hurd had a "close personal relationship" with a marketing contractor that he did not disclose to the board, Mike Holston, HP's general counsel said. The consultant does not wish to be named, he said.
It also revealed that there were numerous instances where the contractor was paid or reimbursed without performing work. There were also inaccurate expense reports from Hurd meant to hide his personal relationship with the contractor, Holston said. That evidence pointed to "a profound lack of judgment" by Hurd, he said."
Basically, a bunch of overpaid CEOs are shocked and appalled that one of their own could be fired for cause, when they regularly dismiss thousands of employees without cause in order to appease the gods of Wall Street, thus maintaining the value of their stock options.
Really, is anyone surprised that this is Larry Ellison's reaction? (Regardless of the actual details of the allegations or truth of them.)
He's the kind of guy (the bit about him in the Washington Post article linked in TFA speaks to this somewhat, if you're not familiar) who thinks of executives as a kind of new aristocracy, able to do whatever they want and sleep with whichever female employees they want without limit or accountability.
People rag on the quirks tech CEOs like Ballmer and Jobs (and some of it's deserved and/or funny), but Ellison is a honest-to-god king of the douchebags.
Does anyone know if there is hard evidence (heh) proving this guy's guilt? It would be a real shame for this to be a false accusation that gives this man $12 million in cash and $30 to 40 million in stock options...
-Rick
"Most people in the U.S. wouldn't know they live in a tyrannical state if it walked up and grabbed their junk." - MyFirs
he is guilty of embezzlement and using the money to pay for a prostitute, he is pretty damn lucky to get 28 million and forced to leave, if i had anything to do with it he would be looking at a long prison sentence.
Politics is Treachery, Religion is Brainwashing
See, you can't even point it out without getting a flamebait mod.
SJW: Someone who has run out of real oppression, and has to fake it.
:-) Guess again. Your troll games don't work on me. You only look like one of those "free market" fanatics.
These companies are subject to SEC rules, as toothless as they are. A person should only be permitted to sit on one board at a time.. none of this two places at once crap.. It provides better protection for the illusion of competition.
For justice, we must go to Don Corleone
If Larry Ellison backs Hurd then he must be his kind of scum
Then so must Richard Stallman.
If anybody believes that this incidence is what causes his firing, they are absolutely stupid. This kind of stuff goes on ALL the time. And it is not enough to get ANY ceo fired in this day and age. Obviously, there is a LOT more behind the story, that HP does not want to come to light. The issue is that this was simply the last straw, or the rest was found during the investigation about this.
I prefer the "u" in honour as it seems to be missing these days.
Doesn't matter. Business code of conduct says if it might look bad in a headline, don't do it. HP is a fortune 10 company and in the middle of a pretty big turnaround. The last thing they need is (potential) clients questioning leadership.
http://www.zdnet.com/blog/sustainability/hp-ousts-ceo-hurd-fails-the-headline-test/1126
The firing wasn't about the amount of the falsification. $20k is indeed chump change for a bazillion-dollar executive. But once you let the CEO get away with blatantly falsifying expense accounts, you've now made theft from the company an acceptable practice. How do you now justify firing an employee for the same thing? Why is it okay for a CEO to steal $20k, but not okay for a peon to do the same? Condoning this behavior is simply not the right thing to do, and can trigger long-term problems with morale and the company culture which can lead to massive losses (and possibly company failure) years down the road.
I'd say there is a 100% chance that any peon that stole $20k would be escorted out of the building by security (and isn't going to receive any cushy severance package either) and possibly brought up on charges.
I applaud HP's board for doing the right thing here and demonstrating the executives are held to the same ethical rules as front-line employees. Yes, it hurt. Yes, Hurd was an otherwise-excellent CEO. Yes, this has cost a lot of short-term pain to the stock price. But some things just aren't right, and churning up $20k in fraudulent expense accounts is one of them. (Wiretapping journalists to find out their sources is another, which HP found out the hard way.) I think HP will be a stronger company down the road as a result.
SirWired
from the linked NY Times article:
Even those who side with the HP board in their decision would agree with Mr. Ellison on that point. The issue is not whether the board damaged HP, of course they did, it is whether the greater good of enforcing ethical conduct was served by doing so.
Ceci n'est pas une signature.
Larry Ellison runs Oracle like his own personal fiefdom. He's very good at what he does, but he's the last person on earth I'd ask for advice on executive boundaries. His attitude fits in very well with Oracle's corporate culture (which he built.) It would be a disaster for HP.
Oracle's board would never fire him for such a thing (could they even do so?), but HP's board was quite right in tossing Hurd to the curb.
HP's board made a tough choice, but in the end, I think it will have proven to be the correct one.
SirWired
Playing grab ass with some aging wannabe starlet who makes a living by flashing her tits is extraordinarily bad judgment even if he weren't married. Hiding $20K in his expense account to do it - especially at his income level - is even stupider.
He got what he deserved, even if he never managed to get in her pants.
*shrug*
From the various stories and statements, what happened was this: he asked her out, probably more than once. Not a crime, and not really against policy in any corporation. Here's where it gets fuzzy, though. He's the boss-man, and she works for them. It will start to stress a girl out, knowing that he can terminate the business relationship. From her own statement, she did not want him fired, and probably went to HR in order to make the complaint formal so no reprisals would occur. HR isn't always the best way, but some times a girl will feel pressured. Someone in any management position should take great care of asking out anyone over whom one has management influence over, and when making the decision to do so should probably never make a second attempt if the answer is "no".
If you RTFA, you'll see he wasn't fired for any of this, regardless. It was something else, with finances.
C//
Comment removed based on user account deletion
They just aren't allowed to say it out loud.
Don't fool yourself. Boards don't give a damn about CEOs and top managers sexually harassing employees (even if it wasn't the case here) and they couldn't care less about expense account abuses (record companies executives anyone? hookers and blow etc.) or about rampant corruption. They only care when any of it goes public, then heads have to roll (damage control and PR bullshit). This is what happened here.
Worried that your board might show you the door?
CUR ALLOC 20195.....5804M
If Rupert Murdoch is on Hurd's side, Hurd must be a dirtbag. Rupert Murdoch has time and again proven himself to be the slimiest of the slime.
The Christian Right is Neither (Christian nor right). See: Matthew 23, Matthew 25, Ezekiel 16:48-50
[Citation needed]. Please, do tell. Quote me a "feminist" who's running around claiming that no woman has ever lied about this sort of thing. That's all right, I'll wait.
This is hardly limited to sexual harassment/rape cases - most people reflexively think that people accused of ANYTHING are probably guilty. There's a reason why grand jury proceedings are secret.
A quick look at the HP share price also suggests what a lot of influential people may think; the sudden fall off the side of a cliff suggests a perception that either this is seen as a bad move which will affect future earnings, whether it is seen as reflecting on the competence of the remaining HP Board, or the probability of their finding an adequate replacement.
From scarped cliff or quarried stone she cries "A thousand types are gone, I care for nothing, no not one."
Who the hell cares what Larry Ellison thinks about this matter? Is he on HP's board? Is he a major HP investor? No? Then, Larry, STFU.
Also, sure, he was cleared of the harassment charge. He wasn't, however, cleared of the charge that he freaking stole $20k from the company by using fraudulent travel claims. I really can't see that this qualifies as the outrage of the week.
Severance Pay: $40M Not having to live through the consequences of accidently buying a behind the curve smartphone manufacturer, and having your CEO buddies think you were booted for sexy stuff: Priceless.
How many Slashdot readers would change places with Hurd at this time? How could any of us ever get to quit a job and walk away with $40M?
Is "state of the art data center" new slang for "penis"?
I've read numerous statements claiming that Hurd was an "excellent" CEO. That depends on the perspective. From a shareholder's viewpoint, he was a terrific CEO. From the employee's viewpoint, who all (exempt employees) took a 5% and many took upwards of 20 to 25% pay cut, he was a terrible CEO. Imagine the fury of the employees that took 25% pay cuts hearing that Hurd got to keep his job after stealing $20,000 from the company. Moral at HP is bad enough.
Hurd STOLE from the company. He deserved to be fired just like any other employee.
What should the limit be on sleeping with female employees?
Mark Hurd's silly exit has little to do with HP's real problems. As an executive there about a decade ago, I saw a company that was giving up its differentiating value in the name of operational savings, not realizing that by now the Golden Goose of creativity would find greener pastures. But surprisingly, the classic HP tradition of building a great place to do engineering that results in a flood of excellent creative products is being followed...
Read the rest of the posting.
Bruce Perens.
Hurd is a common scofflaw and thief, and has no right to run a $100 Billion corporation.
The fact that he's also a douchebag just made it easier for HP's board to put him in a position to blow his stack and his career.
At least one of HP board members, Marc L. Andreessen, also serves on another board. Ebay Inc. in his case.
It would be interesting to make a graph of all the interconnected board members of US corporations. Wouldn't that be a sight.
Firing Hurd was a bad idea. Other than paying corporate funds to a cute woman who didn't earn them, I still not clear on what Hurd did. But I'm sure it is far less than what Larry Ellison or Larry Michaels (CEO of the original SCO) have gotten away with.
I've abandoned my search for truth; now I'm just looking for some useful delusions.
It would be interesting to make a graph of all the interconnected board members of US corporations. Wouldn't that be a sight.
Yep It also includes the government...
For justice, we must go to Don Corleone
Yeah! Down with the "free market"! I'd like to see those fanatics name one good thing that has ever come from the so-called "free" market!
Proud neuron in the Slashdot hivemind since 2002.
He should have said that he thought this was the worst train of thought since his crazy idea of network computers replacing desktops in the mid 90's.
Did you know 80 to 90% of the moderators on slashdot wouldn't recognize a troll even if one dragged them under a bridge.
All depends on your position in the hierarchy... Good for some, shit for others.. And I also forgot to mention the revolving door between government and corporate positions in the GP Oh well... Such is life
For justice, we must go to Don Corleone
Or, what she said happened is exactly what happened. Or somewhere in the middle. The fact that idiots like you jump directly to "she's a ditzy bimbo, she was probably asking for it" or "what kind of person feels 'pressured' to have sex?" shows you why things are the way they are today.
I haven't follow much news upto and including her departure from HP, other than she was ill with cancer of some type at some point. What did I miss that she did wrong with HP? I had no idea she ran the company into the ground, as its said so often on Slashdot.
It comes from the statement gloria steinem made decades ago, that all men are rapists or potential rapists (paraphrased, don't remember it exactly, but it was a really big deal when she said it). It's been part of the politically correct "feminist" doctrine ever since.
The phrase "all men are rapists" is actually usually attributed to Marilyn French, although even that is incorrect, as it was actually spoken by a fictional character in one of her novels, not by French herself.
The idea that "all men are potential" rapists is part of radical feminism, which is only one faction of feminism, and by no means represents "politically correct 'feminist' doctrine". All too often people assume that "feminism" is a single body of thought, but it is actually quite diverse. Not all feminists hold the "all men are potential rapists" ideal.
Nevertheless, the radical feminist idea of men as potential rapists is widely misunderstood. It does not mean that you, as an individual man, are a potential rapist. It means (overly simplified) that modern patriarchal society socializes men to become rapists. It is a condemnation of societal structures, not men as a sex, nor individuals.
Of course, nobody bothers to learn about these things in order to accept them or criticize them rationally. It's much easier to attack soundbites.
So what he's saying is that HP shouldn't enforce it's standards of business conduct even when the HP CEO breaks them? Interesting. Hm. Goes to show you the kind of person Ellison is...dollars over integrity. And that's what the problem is with all of society. I'm just glad that HP's board values integrity over the almighty dollar. They have set an example for the rest of the industry. My guess is that no other company but HP has the guts to stand up for it's values and it's integrity. Obviously the Oracle board doesn't, if the "No stranger himself to sexual harassment allegations" statement is to be believed.
once you let the CEO get away with blatantly falsifying expense accounts, you've now made theft from the company an acceptable practice
Are you trying to pretend there is a single company wide standard for this?
Life at the top of the American corporation is all about tacit embezzlement. The ultimate? CEO pay.
you had me at #!
"All men are rapists, and that's all they are. They rape us with their eyes, their laws and their codes."
It's a soundbite which is deliberately offensive, which takes the worst aspects of a very small minority of a large group of people ( men ) and extrapolates it to create some kind of modern original sin, of which I am seen as potentially guilty of a horrible crime based sorely on my gender.
It's pure sexism, whether it's aimed at the society which encompasses me, or me directly ( Both in the full quote above ).
Were I to start a movement of radical menism, which included the idea that all women were whores, and only whores ( not you personally, of course, I just mean the society which includes you, your mother and your sister ) then I'd expect condemnation for it, I'd expect anger, and I'd expect people not to really research it because it's not reason, it's a baseless attack.
That feminism in general would be in any way associated with such bigotry is unfortunate, it does nothing for equality, it affects real rapists not at all and so very badly insults most men.
Marilyn French was an angry woman who was married to an abusive man for seventeen years. She possibly had a right to be angry.
At him.
Man, you must have skipped your sociobiology classes, whatever they call it lately. Women bear the brunt of reproductive cost. And due to male insecurity over paternal certainty, even if the rape doesn't lead to an unwanted pregnancy, the woman feels (legitimately) devalued as a mating prospect. Males justify this attitude of blaming the victim with an internal Mel Gibson voice-over (she was asking for it).
On the male side of the reproductive coin, the worst case scenario is paying support for a child that isn't even yours, and that you can't actually visit, and won't love you enough to check you into rehab if you falter in middle age. See How DNA Testing Is Changing Fatherhood. The courts presently have little problem with this, despite its historical demographic slant, and I've yet to read a feminist complaint on this front.
India has also caught the bug. See Don't do paternity test routinely. The previous article argues in favour of precisely this measure.
I don't get the Hurd controversy. America basically impeached the smartest man in American politics since Robert McNamara and there was never a hint of harassment. Over what? Bad judgement concerning small sums of money that wouldn't even top up a petty change jar in the sexually enlightened nation of France.
Mark's obligation to the HP shareholder was to single-source his lechery, or nix his duplicity. Fail to pass elementary skill testing question, do not pass GO multiple times, nor collect over $50m in bonuses.
They were written by French as fiction, and taken by radical feminism as truth. It doesn't change my argument.
My grandmother 'rose up' from the traditional kitchen and marched to London for equal rights for women, in her drifting final days she revisited this often, it was still very vivid for her and she felt she'd done something important. I agree.
The large battles for equality have been won. There's still a discrepancy in pay, there's still a shortage of women in power, but no clear way to balance this. Sweden has stipulated a gender split for company boards and the like, and it often results in inappropriate appointments entirely to conform to this rule. It results in people being promoted based on their gender, not their skills, which is bad for business, and bad for the person who just got ignored because they have the wrong genitals.
'Too anti men' implies that some 'anti men' is ok for feminists.
Basing any judgement on gender is the problem we're trying to solve, right ?
After all, the defined difference is just in the head of the woman. Only she can really know if she wants it or not, and if this information is not reliably transmitted outside of her mind, it is simply not possible to know if it is a rape or not.
And the hysterical anti-rapists never ever tell realistically how people are supposed to know this reliably, while at the same time accusing people of knowing it and ignoring it.
This is logically inconsistent, and one reason I call it hysterics.
One cannot stop a rape if one does not know if it is a rape, whether one is a bystander or a rapist.
The case against Hurd - sexual harassment claim by Jodie Fisher and falsified expense reports to hide his relationship with Ms. Fisher. Falsified expense reports in itself is grounds for termination - anyone less than an executive would not be given the opportunity to resign but be fired. Look at this from 10,000 feet away - hot blonde with Political Science Degree has no business escorting a popular and charismatic CEO to these CEO executive summit meetings. We should shortly hear from Hurd's wife.