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  1.    #1  
    Hi all,

    FYI.

    Take care,

    Jay


    5 reasons HP's Mark Hurd resigned
    The official rationale for the former CEO's departure is vague
    Patrick Thibodeau, August 9, 2010, (Computerworld)

    5 reasons HP's Mark Hurd resigned - Computerworld

    The official reason for Mark Hurd's resignation as chairman and CEO of Hewlett-Packard Co. over an allegation of sexual harassment left a lot of questions unanswered.
    Hurd's resignation was announced after the close of markets Friday by HP's board of directors, which said that he ran afoul of the company's business conduct rules.

    But didn't HP have other options than an abrupt departure by its top executive and the unwelcome attention such a move was bound to make on HP? Or did Hurd's problem present the company with an opportunity for change, an opportunity that it took?

    Here are five reasons why Hurd left HP and what's ahead for this company.

    HP's board wanted a change in leadership
    Hurd's chief task at HP became surviving the recession and preparing the company for growth. He cut thousands of employees and worker salaries across the board. The company consolidated its own operations, taking 85 data centers down to six.

    It was tough and scarring work, and the company may have wanted a new face to lead a leaner HP.

    Hurd's focus on operations may have run its course
    The board may have been asking itself whether Hurd was the best person to integrate HP's recent string of acquisitions -- including Palm and 3Com -- and keep ahead of the industry's fast pivot to mobile, Android and the cloud. It wants an innovator.

    HP's interest in a CEO with a little more of Steve Jobs' DNA may have been telegraphed Friday, when HP signaled a new approach with Marc Andreessen. A member of HP's board, Andreessen may best be known for his work on developing browser technologies and co-founding Netscape, but he also gave HP some key server and data center automation technologies with the sale in 2007 of a firm he chaired, Opsware, for $1.6 billion. Andreessen is a Silicon Valley icon with a record of innovation.

    And it was Andreessen who acted as the HP board spokesman when investment analysts were summoned for the call late Friday with this news. Andreessen was a particularly strong voice on the call, calling Hurd's removal "necessary," and telling those on the phone that "HP is not about any one person."

    Andreessen is on the board's CEO search committee. If Friday's call is any indication, then it is Andreessen who may define what HP is seeking in its next CEO and for the company.

    Cathy Lesjack, HP's CFO and now Hurd's temporary replacement, will carry a consistent message to Wall Street and is not seeking the CEO's job.

    The strong CEO and chairman model wasn't working
    Hurd is the second consecutive CEO at HP to leave on rocky terms -- and HP has to be worried about the third strike rule. Hurd's predecessor, former CEO Carly Fiorina left her post in 2005 after disagreements with the board over strategy. Hurd's resignation may be about an internal desire to restructure HP's top jobs and redistribute power as a way to to make room for different approaches.

    During HP's conference call with investment analysts Friday, Andreessen was asked whether the CEO position will be filled by one person or whether it was possible to split the CEO into two different roles. Andreessen didn't rule out the possibility. "We will examine that question over the course of the search," he said.

    The potential P.R. disaster was too great

    This is the era of WikiLeaks and TMZ, and the prospect of this story breaking on its own may have been too much for HP's board to bear. Even if this issue with Hurd was fixable, HP wanted the problem over now.

    Hurd's story had a tabloid element. The woman, identified Sunday night, as Jodie Fisher, is a single mom with a college degree, business credentials and experience as an actress. Fisher "has been in various television shows and films, some of which were R-rated when she was in her 30s," her attorney Gloria Allred, a high-profile Los Angeles litigator, said in a statement Sunday night.

    Fisher was also in the short-lived NBC show Age of Love, where male contestants are "given the chance to choose a woman in her 20s, or a 40-something on the prowl." According to a biography of her on the show's site, Fisher was 46 at the time the show aired for one season in 2007.

    Another problem for HP was Gloria Allred herself. Allred is a Los Angeles attorney who is to the legal profession what Angelina Jolie is to action movies: She loves explosive, big box office productions.

    Allred describes herself as "the most famous woman attorney practicing law in the nation today," and a fighter of the "rich and powerful." Her clients have included Amber Frey, girlfriend of convicted murderer Scott Peterson, and the family of O.J. Simpson's murdered ex-wife, Nicole.

    HP was simply enforcing its standards of conduct
    HP investigated allegations of sexual harassment in the case and determined that Hurd had not violated the company's sexual harassment policy. But it did find that Hurd had violated corporate standards of business conduct.

    Michael Holston, HP's general counsel, told investors on the conference call Friday that Hurd "had a close personal relationship" with a contractor hired by the CEO's office. What did "close personal relationship" mean here?

    In the absence of clarity from HP, Allred's law firm issued a one sentence statement to spell out what wasn't involved: "There was no affair and no intimate sexual relationship between our client and Mr. Hurd." Fisher reiterated that point yesterday.

    What Holston said was this: "The investigation revealed numerous instances where the contractor received compensation and/or expense reimbursement where there was not a legitimate business purpose. And the investigation found numerous instances where inaccurate expense reports were submitted by Mark or on his behalf that intended to or had the effect of concealing Mark's personal relationship with the contractor."

    HP's publishes its "Standards of Business Conduct" on its Web site. Enforcing those standards may have been the paramount reason behind Hurd's resignation
    Please Support Research into Fibromyalgia, Chronic Pain and Spinal Injuries. If You Suffer from These, Consider Joining or Better Yet Forming a Support Group. No One Should Suffer from the Burden of Chronic Pain, Jay M. S. Founder, Leesburg Fibromyalgia/Resources Group
  2.    #2  
    Hi all,

    FYI.

    Take care,

    Jay

    Hewlett Took a P.R. Firm’s Advice in the Hurd Case
    By ASHLEE VANCE and MATT RICHTEL,August 9, 2010

    http://www.nytimes.com/2010/08/10/te...gewanted=print

    SAN FRANCISCO — As the career of Hewlett-Packard’s chief executive Mark V. Hurd hung in the balance, a public relations specialist convinced the company’s directors that H.P. would endure months of humiliation if accusations of sexual harassment by a company contractor against Mr. Hurd became public.

    But even after following the specialist’s advice, the company has not escaped criticism.

    According to a person briefed on the presentation, the representative from the APCO public relations firm even wrote a mock sensational newspaper article to demonstrate what would happen if news leaked. The specialist said the company would be better served by full disclosure, even though an investigation had produced no evidence of sexual misconduct.

    H.P.’s board, according to the person briefed on the presentation, took this advice, disclosing the unsupported accusations against Mr. Hurd. The company said Friday that Mr. Hurd had falsified his expense reports and that because it was enforcing the same code of ethics it would apply to any employee, he resigned.

    But in ousting Mr. Hurd, the directors set off a media scrutiny they had hoped to avoid. Some in Silicon Valley said the technology giant had overreacted in ousting a chief executive who has been one of the most successful in corporate America in recent years. Other corporate governance experts think the company acted admirably.

    “What the expense fraud claims do reveal is an H.P. board desperately grasping at straws in trying to publicly explain the unexplainable; how a false sexual harassment claim and some petty expense report errors led to the loss of one of Silicon Valley’s best and most respected leaders,” Lawrence J. Ellison, the chief executive of Oracle and a close friend of Mr. Hurd, said in an e-mail to The New York Times.

    However, Jeffrey A. Sonnenfeld, an expert in corporate governance and senior associate dean at the Yale School of Management, said Hewlett-Packard’s directors deserved credit. The company “stands apart from other companies that have been scandalized in the headlines this year,” he said, referring to BP and several Wall Street firms. “They made a courageous call.”

    He said that there have been, and continue to be, plenty of companies that would rationalize expense-report misdeeds as a gray area and figure out how to keep a successful chief in place. At such companies, he said, “there may not be a legal issue, but there is still a moral issue.”

    Some management scholars said that Hewlett-Packard appeared to be putting a great deal of faith in the counsel of APCO. Others remain perplexed by the way the whole affair was handled. “There is a missing piece here because it doesn’t make sense,” said Shane Greenstein, a business professor at Northwestern University’s Kellogg School of Management.

    At a presentation to the directors of H.P., the public relations specialist from APCO cited recent sexual imbroglios like the one that diminished Tiger Woods. The specialist cautioned that only 20 percent of top executives survive these types of allegations and then they usually end up leaving because of the weight of negative publicity.

    He also warned that Gloria Allred, the celebrity lawyer representing Mr. Hurd’s accuser, would thrust H.P. and Mr. Hurd into a media nightmare.

    An APCO spokesman said the company has a policy against discussing counsel given to clients. Based in Washington, APCO handles a range of media issues, like branding and open research. The 500-person company does not have a particularly strong reputation for crisis management or technology expertise, although it has worked for other technology giants like Microsoft and the chip maker Intel.
    Please Support Research into Fibromyalgia, Chronic Pain and Spinal Injuries. If You Suffer from These, Consider Joining or Better Yet Forming a Support Group. No One Should Suffer from the Burden of Chronic Pain, Jay M. S. Founder, Leesburg Fibromyalgia/Resources Group
  3. #3  
    My device history:

    - Jim J.

    (On Sprint for many years)
  4.    #4  
    Hi all,

    Well you never know, this could happen.

    Take care,

    Jay

    Mark Hurd to Oracle? Don't be surprised
    By Larry Dignan | August 10, 2010, 3:39am PDT

    Mark Hurd to Oracle? Don't be surprised | ZDNet

    Throughout the Hewlett-Packard saga surrounding Mark Hurd’s resignation as CEO, something seemed off. My question from the very beginning was whether other companies would have ousted Hurd.

    Specifically, I couldn’t help but wonder: What would Oracle do?

    Now we have a definitive answer. Amid reports that HP’s board of directors primarily relied on counsel from a public relations firm to make the call on Hurd, Oracle CEO Larry Ellison fired off a missive to the New York Times (Techmeme). The gist: HP’s board was downright idiotic for ditching Hurd for a sexual harassment claim that had little merit and fudged expense reports.

    Quote of the day goes to Ellison:

    The H-P Board just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago. That decision nearly destroyed Apple and would have if Steve hadn’t come back and saved them. H-P had a long list of failed CEOs until they hired Mark who has spent the last five years doing a brilliant job reviving H-P to its former greatness.

    If you read between the lines, you see that Ellison is defending a friend and colleague and floating a trial balloon. If Ellison finds backers, don’t be surprised if he hires Hurd. The only wild card—and it’s a big one—is whether Hurd would want to be something other than a CEO. The following quote makes it really clear where Ellison stands:

    Publishing known false sexual harassment claims is not good corporate governance; its cowardly corporate political correctness. Those six directors caused H-P to lose a nearly irreplaceable CEO. Those six directors who voted against Mark can try hard to hide behind a claim of “good corporate governance” but their decision has already cost H-P shareholders over $10 billion … and my guess it’s going to cost them a lot more.

    Simply put, it wouldn’t be a surprise if Hurd somehow winds up at Oracle. Clearly, Ellison is willing to put shareholder value over headline risks. Let’s put the moving parts together.

    Ellison would have a dream team with Hurd, Safra Catz and Charles Phillips.
    Hurd could run Oracle’s hardware business and eliminate the hardware distraction for management.

    Hurd could give Oracle the know-how to become an efficient hardware company and build off of the Sun deal. What would Hurd do with an army of Exadata machines?

    Hurd and Ellison have a mutual nemesis: IBM. If Hurd joins Oracle you can add HP to that list too.

    And Hurd likes to acquire assets almost as much as Ellison. At HP, Hurd orchestrated the purchases of EDS, 3Com and Palm. Oracle hasn’t been shy about saying that Sun was just the beginning of hardware acquisitions.
    Add it up and a Hurd to Oracle move makes a lot of sense. Oracle strengthens its management bench and maybe even provides for a little succession planning for Ellison—just in case he wants to completely focus on his yacht in the future. Ellison’s bio seems to indicate that he at least thinks about a little succession planning.
    Please Support Research into Fibromyalgia, Chronic Pain and Spinal Injuries. If You Suffer from These, Consider Joining or Better Yet Forming a Support Group. No One Should Suffer from the Burden of Chronic Pain, Jay M. S. Founder, Leesburg Fibromyalgia/Resources Group
  5. bennish's Avatar
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    #5  
    I thought this was gonna be a joke thread. Can we make it a joke thread?

    Reasons Mark Hurd resigned:

    - They didn't hire Mark to be in the scandals business.

    - He didn't spend billions of dollars on a mistress just to get into the smartphone business. That doesn't in any way make any sense.

    - "CEOs are just another connected device to us".

    - That's not what they meant when they said 'DOUBLING DOWN'!
    Last edited by bennish; 08/11/2010 at 12:48 AM.

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