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This one is for hawkeye

 
 
Reply Sat 6 Nov, 2010 10:18 am
hawk, This news in today's media shows that HP CEO Hurd broke the law when he shared inside information with a woman.
Do you still think the HP board made a mistake in getting rid of him?

Quote:
Accuser Said Hurd Leaked an H-P Deal
A former H-P contractor alleged in June that Mark Hurd, then the company's CEO, leaked to her details of the plan to buy Electronic Data Systems more than a month before the $13.9 billion deal was made public.
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Type: Question • Score: 0 • Views: 1,030 • Replies: 7
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cicerone imposter
 
  1  
Reply Sat 6 Nov, 2010 11:41 am
@cicerone imposter,
today's merc news had the article on the "alleged" accusation, so it's not as dire as I previously thought. However, if the HP board had this info about Hurd, they had no other choice but to fire him. Lucky for Hurd, there is no record of any trades based on this info. If there had been, Hurd would be in big doodoo.
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hawkeye10
 
  1  
Reply Sat 6 Nov, 2010 11:53 am
@cicerone imposter,
Quote:
hawk, This news in today's media shows that HP CEO Hurd broke the law when he shared inside information with a woman
I am not ready to sign up for that set of facts

Quote:
Do you still think the HP board made a mistake in getting rid of him

the HP board did not believe what their CEO was telling them, which is a situation that can not stand. However, dumping the CEO is not the right move, finding out the facts is the right move. If the facts are not able to be determined then they should have moved on looking into other claims to see if they were true. If after extensive checking they could not catch Hurd in a significant lie then then should have accepted that he is an honest guy.

Quote:
All the while, simple questions about the shocking episode have remained more or less unanswered, including the precise reasons HP's board and its highly valued CEO parted ways. For three months the prominent actors in this saga have performed a corporate kabuki dance, making cryptic statements, often through proxies, while hiding critical secrets. The account that follows, based on dozens of interviews with various people knowledgeable about the players, sheds light on some of the central characters and mysteries, including this fundamental one: How could HP board members come to believe that Hurd was lying to them—even as Hurd vehemently maintained he was telling the truth? At the end of the day, the peculiar story of the downfall of Mark Hurd at the hands of Jodie Fisher remains a drama about what happens when only two people know all the facts, yet many others act on them—with momentous consequences.

http://tech.fortune.cnn.com/2010/11/04/what-really-happened-between-hp-ex-ceo-mark-hurd-and-jodie-fisher/?section=magazines_fortune
cicerone imposter
 
  1  
Reply Sat 6 Nov, 2010 12:05 pm
@hawkeye10,
It's true that only Hurd and Fisher knows the truth, but when Hurd paid money (millions) to Fisher from his own wealth, that tells me more than what it seems to tell you.
hawkeye10
 
  1  
Reply Sat 6 Nov, 2010 12:24 pm
@cicerone imposter,
you assume that the board cared what the facts of the relationship between Hurd and Fisher were, this is not clear to me. I think that the relationship between Hurd and the board went bad, and they wanted him gone no matter what he did or did not do, however before the board dumped him they needed to have a plan for what was next and they needed to have a good reason. You dont dump a CEO that the investors love on little more than a gut feeling that he is lying to you, playing you.

Quote:
According to the Wall Street Journal story directors where done with Hurd. One director Lucille Salhany of HP was quoted as "He lied to my face and he's lying to you," Ms. Salhany told the other directors, according to people familiar with the meeting. "There's no grounds for trusting him."

http://siliconangle.com/blog/2010/11/06/mark-hurd-hp-jodie-fisher-drama-continues-he-lied-to-board-was-caught-mark-hurd-scandal/
cicerone imposter
 
  1  
Reply Sat 6 Nov, 2010 12:53 pm
@hawkeye10,
How can any board member trust any CEO that lies? There's a thing called trust and ethics when running any company. You seem to believe they are minor problems, but that's because you don't understand how corporations operate.
hawkeye10
 
  1  
Reply Sat 6 Nov, 2010 01:01 pm
@cicerone imposter,
Quote:
How can any board member trust any CEO that lies?
they thought he was lying, they thought he was playing them, they thought that he was out of control, but none of that was proven. If they were right they needed to do what every other employer needs to do before shedding an employee who is supported by a vested interest (in this case the investors), they need to document significant wrong doing. Even if the board was right (and this we do not know) they skipped a step. They wanted him gone yesterday, and they had the power to do it, but they fucked themselves in the process. This was a board who already had a rep for incompetence, they could not afford to handle the Hurd matter in the slip-shod way that they did.
cicerone imposter
 
  1  
Reply Sat 6 Nov, 2010 02:16 pm
@hawkeye10,
They thought? He was caught claiming expenses that were not authorized. That's fraud. Were do you get your info from? FOX news?

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