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HP Sues Hurd For Joining Oracle

Posted by Soulskill on from the following-the-hurd dept.

CWmike writes "Hewlett-Packard is reported to be suing former CEO Mark Hurd, who was named co-president of rival Oracle on Monday. The Wall Street Journal first reported the news, and has now posted the full text of the suit on Google Docs. Among other things, it says, 'In his new positions, Hurd will be in a situation in which he cannot perform his duties for Oracle without necessarily using and disclosing HP's trade secrets and confidential information to others.'"

1 of 301 comments (clear)

  1. Isn't that what the parachute is for? by strangeattraction · · Score: 5, Insightful

    You are given the parachute in return for the non-compete clause. Therefore you are being compensated for not just getting fired and going to the competition and spilling your guts. The grace period lets your knowledge specific to the company go out of date.