The normal case would be dual CEO here for obvious reasons. And then, God forbid, if something untoward should happen, you have capacity; you are not incapacitated. Hurd attended Baylor University in Waco, Texas on a tennis scholarship and reportedly dabbled on the professional tennis circuit immediately after graduating.
He began his career at NCR Corp. Ellison released a statement just now about the development. It reads:. Oracle announced on Friday that Hurd had passed away, not long after announcing that he was going on medical leave from his role as co-CEO. His death capped what many remember as a brilliant career, but one marred by controversy and even scandal. It thrust him into the spotlight for the first time in his career. But in what appeared to be an indirect criticism of Fiorina's glitzy and high-profile leadership style, Hurd also said: "Don't expect to see a lot of me.
Hurd will be remembered as an operational and sales genius who streamlined HP's operations, in moves cheered by Wall Street. But he will also be known for a turbulent reign at HP which was marred by severe cost-cutting, a corporate spying scandal, and another that included allegations of sexual harassment that ultimately forced him out and led him to a new role at Oracle.
At Oracle he brought strong leadership and great strategic thinking that helped Oracle continue to grow. I was always impressed with his leadership skills as he was a brilliant tactician. This is a big loss for Oracle and the entire tech world. IDC President Crawford Del Prete described Hurd as a brilliant executive who helped two tech behemoths navigate a rapidly changing industry. Shortly after Hurd took over, HP announced it was cutting 14, jobs.
It was the second major round of cuts following HP's merger with PC manufacturer Compaq, which led to the elimination of 17, positions. Hurd became known for aggressive cost-cutting. It was good for HP's bottom line and its stock price, but it wrecked morale within a company which had been known for its employee-friendly culture, inspired by its founders Bill Hewlett and Dave Packard.
A year after Hurd took over, HP was accused of launching what turned out to be a fumbled internal campaign to find out who was leaking confidential information. The campaign involved unethical and questionable tactics aimed at reporters and employees. Hurd and other board members, including chairwoman Patricia Dunn, had to appear before a Congressional committee to explain what happened. In , Hurd faced his biggest scandal at HP, one that eventually ended his reign.
He was accused of sexually harassing a contractor who served as an adviser to Hurd. In a letter to Hurd, lawyer Gloria Allred described his meetings with Oracle contractor Jodie Fisher in various cities and said he had made undesired advances to her client.
Hurd's expense reports included meals with his security guard, Denis Lynch, but the meals were with Fisher, and over time most of HP's board members came to feel they had lost trust in him, The Wall Street Journal reported. Hurd settled with Fisher, who had once modeled for Playboy magazine, for undisclosed terms. Following Hurd's resignation, Ellison criticized HP's board in a letter to the newspaper, saying it had "just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago.
Oracle's future is engineering complete and integrated hardware and software systems for the enterprise. Mark pioneered the integration of hardware with software when Teradata was a part of NCR.
The company did not consider them co-CEOs. In announcing Hurd's leave of absence, the company said Catz and Ellison would assume Hurd's responsibilities. His father was a financier, according to the Financial Times , and his mother was a physician's daughter, according to Fortune. Hurd spent his childhood in New York and Miami. He began playing tennis in high school. He was accepted into Baylor University in Waco, Texas, on a tennis scholarship and played on the Christian school's tennis team.
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