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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.'"

2 of 301 comments (clear)

  1. Re:Popcorn ready...but who to root for? by LouisJBouchard · · Score: 3, Interesting

    Personally I am rooting on Hurd because that will help many of the little people too with these same clauses. I think that if they do not want him working for a set period of time, then then need to pay him for that time based on current salary (same as any other worker whom they do not want to work for the competition). That would make things fair for both sides.

  2. Re:Should've kept him by tomhudson · · Score: 4, Interesting

    Especially since he signed a separation agreement that paid him $12,224,693.00 in return for keeping those secrets, and agreeing not to accept employment that would conflict. He can now kiss that money good-bye, as the lawyers will eat it up.