Oracle says Larry Ellison is stepping aside as CEO of the company he founded. The business software maker promoted Safra Catz and Mark Hurd to replace him as co-CEOs.
A judge has dismissed a shareholders lawsuit against computer maker Hewlett-Packard and its former CEO Mark Hurd, saying that a company’s standards of business conduct amount to “puffery” that can’t be used in securities fraud lawsuits.
Hewlett-Packard Co. shares jumped Wednesday after reports that the technology company’s board is mulling the removal of CEO Leo Apotheker, who has been on the job for less than a year.
Mark Hurd may get his $100 million payday after all. On Friday, Oracle disclosed that Hurd’s compensation for the year came in slightly higher than even CEO Larry Ellison’s.
Hewlett-Packard Co. has won investors’ approval for its deep boardroom makeover in the wake of the company’s CEO scandal.
UPDATE: Four members of Hewlett-Packard’s board of directors are stepping down six months after CEO Mark Hurd was forced to resign in the wake of a sexual harassment scandal.
Mark Hurd is facing more fallout from his ouster five months ago as CEO of Hewlett-Packard Co., the world’s biggest personal computer and printer maker.
The appointment of a German software executive as Hewlett-Packard Co.’s next CEO sends an unmistakable signal that the board of the world’s largest technology company is prepared to gamble big on an aggressive push into the software business.
Hewlett-Packard has named veteran computer software executive Leo Apotheker as its new CEO.
Hewlett-Packard Co. offered a rosy financial outlook Tuesday without giving any guidance on the biggest issue hanging over the world’s largest technology company: the identity of its next CEO.