Top Preforming CEO fired for lying on his Expense Report

@engineer,

I think that if you check you will come to the conclusion that Hurd looked at 3Par, but decided it was not worth to HPQ what 3Par thought that they were worth, so he walked away. Now there is a lot of criticism of Hurd, that his penny pinching routinely got in the way of long term product development, so maybe this is an example of something that he would not spend money on that he should have. My point is that as of now the investors are siding with Hurd's judgement. Weeks later investors are still voting no confidence in HPQ as a direct result of them dumping Hurd. What HPQ does in the future, as well as the full story coming out about what happened with Hurd (as it will certainly at some point) will decide the issue of how proper the HPQ boards action of removing Hurd was, but so far it does not look good for the them.

1 Reply

@hawkeye10,

hawk, You still don't understand corporate policy; when the CEO breaks the rules, he has to pay the consequences like everybody else. Doesn't matter how good he has performed on the job.

Would you let the top producer of your company who was found guilty of rape or embezzlement still work for your company?

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@cicerone imposter,

Quote:

Would you let the top producer of your company who was found guilty of rape or embezzlement still work for your company

Does not matter, because HP said that Hurd did not violate their sexual policy and they also have not claimed that he got any money that was not due him. All they have said was that some expense reports contained errors, and we know that Hurd has claimed that he was never allowed to see the paperwork in which these errors are claimed. The claim that the would be girl friend got money not due her has been vigorously denied by Hurd's supporters, they have said that she was contractually due what she got.

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@hawkeye10,

hawk, Do you know anything about self defense and suits against companies that (threaten to) fire you for no cause?

Where did you study business law?

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@cicerone imposter,

Quote:

hawk, Do you know anything about self defense and suits against companies that (threaten to) fire you for no cause?

Again, so what? Hurd had rubbed the organization the wrong way, he had the lowest approval ratings with in the organization of any Silicon Valley CEO, so when the Board unanimously voted to send him packing he knew he had to go, no matter the merits of the claimed cause for his dismissal. He could not stay where he was not wanted. So long as they paid him off he would not sue them, it was the right thing for him to do even if he thought that he was totally correct in his actions. and as he admitted he was not totally right, he did make mistakes.

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@hawkeye10,

It seems you have little or no knowledge about the labor laws.

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@hawkeye10,

If I discover that u have lied to me in the past,
then I know that u r a man who lies to me.

Past is prolog.

Is there a reason to believe that u will not lie to me again in the future
after u have discredited yourself ??????????????

David

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Quote:

The valley's mess: why codes of conduct don't work
September 1, 2010 11:07 AM

By Eleanor Bloxham, contributor

Corporations are supposed to be the antidote to government. Lean, profit-focused and self-empowered, they get the most done for the least cost. But in one huge yet overlooked way, they mimic the government's endless maze of regulations and red tape. Then, just as government does at its worst moments with regulation, when these companies' self-imposed codes of conduct conflict with their own desires, they ignore or rewrite them to suit their needs.
These codes go by myriad names: partner codes, employee codes, vendor codes, business standards codes, and so on. They often are directed not just at the employees of a company, but also at the company's business partners. Across companies, codes are usually have a lot of redundancies, but may contain subtle differences that are impossible for workers covered by both codes to reconcile. And that would be a problem if anyone actually paid attention or tried to adhere to them.

But mostly, the codes go ignored, either in favor of common sense, or for more nefarious reasons. And that leads Fortune to ask, why write these codes? Why pretend as if top executives like Mark Hurd of Hewlett Packard (HPQ) or Larry Ellison of Oracle (ORCL) are held to these standards, when recent events have shown us quite clearly top executives are ex officio not? Why have a code at all?

http://tech.fortune.cnn.com/2010/09/01/the-valley%e2%80%99s-mess-why-codes-of-conduct-dont-work/?source=yahoo_quote

So much for CI's assertion that "he broke the code, he had to go, why can't you undertand this".

1 Reply

@hawkeye10,

hawk, I worked in management most of my working career. Breaking the rules of ethics that breaks the company code is justification for loss of job. Once the company makes an exception, they will be facing lawsuits for almost anything considered being fired for cause.

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Doesn't sound like Hurd will be out on the street for long....

Quote:

Mark Hurd, who last month stepped down as Hewlett-Packard Co.’s chief executive officer, is in talks to join Oracle Corp. as a “top executive,” the Wall Street Journal reported, citing unidentified people familiar with the matter.

Larry Ellison, who founded Oracle and has been the company’s only CEO in the more than 30 years since then, won’t vacate his position, the newspaper reported. The exact nature of Hurd’s post couldn’t immediately be learned, the Journal said.

Hurd, 53, resigned from Hewlett-Packard in August following allegations of sexual harassment by a former marketing contractor. Ellison criticized the company’s board for letting Hurd go.

Oracle, based in Redwood City, California, is the world’s second-biggest software maker.

http://www.bloomberg.com/news/2010-09-05/mark-hurd-in-discussions-to-join-oracle-as-a-top-executive-wsj-reports.html

1 Reply

@hawkeye10,

It seems Larry Ellison is the lone supporter of what Hurd did at HP. I'm sure you won't be able to figure that one out, because it's too spacial for you!

Even murderers have a supporter or two.

1 Reply

@cicerone imposter,

Quote:

It seems Larry Ellison is the lone supporter of what Hurd did at HP. I'm sure you won't be able to figure that one out, because it's too spacial for you

HA! Oracle is a publicly traded corporation so Larry has stakeholders to answer to, and he is not an idiot, he is not going to install a guy that will be perceived badly by potential customers. However, I would not put it past Larry to actively try to humiliate the HPQ board by proving how wrong they were to treat his friend so badly (in his opinion).

1 Reply

@hawkeye10,

He may not be an "idiot," but he certainly doesn't know much about ethics.

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@cicerone imposter,

Quote:

He may not be an "idiot," but he certainly doesn't know much about ethics

That remains to be seen. If Larry gets him in and the reaction from the talking heads is not too negative then your goose is cooked, your argument that HPQ had to fire Hurd will have been shown to have no merit.

I don't know yet if Larry has misread the situation. We will know by the end of the week I expect.

1 Reply

@cicerone imposter,

cicerone imposter wrote:

He may not be an "idiot," but he certainly doesn't know much about ethics.

Are you referring to Hawkeye?

Razz

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@hawkeye10,

hawkeye10 wrote:

If Larry gets him in and the reaction from the talking heads is not too negative then your goose is cooked, your argument that HPQ had to fire Hurd will have been shown to have no merit.

How does that follow? All it shows is that a) Ellison doesn't have the same ethics standards as the HP board of directors, and b) stockholders only care about the bottom line (which has been the foundation of your argument all along).

Neither of these will be real shockers, and it hardly shows that someone's "goose is cooked."

1 Reply

@DrewDad,

I agree with what DrewDad said, above.

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@cicerone imposter,

HPQ board deciding to place such a high value on perfection of ethics (which is the claim though a lot of us figure it is a BS claim, that it was an excuse to get rid of a guy that the investors loved but the board and the employees did not) only has standing if the owners of the corporation think it does. Had Hurd's breach of ethics hurt business they would have had a good argument, but it does not appear that they do, because a giant in the industry by the name of Larry Ellison does not think that Hurd's past is bad for business. In that case on what grounds does the HPQ have to fire a guy that the investors support? They likely feel smug as hell but they dont work only for the employees and they certainly don't work for themselves, they also work for the investors and driving down the value of HPQ is the quest for morality that is above and beyond the industry standard is a sure way to get fired, and rightfully so.

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@hawkeye10,

hawk, I don't think you have ever managed or ran any company with thousands of employees. If you were in the military, you should understand rules and regulations. You have no idea how important ethics is for any company.

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@cicerone imposter,

Quote:

hawk, I don't think you have ever managed or ran any company with thousands of employees. If you were in the military, you should understand rules and regulations. You have no idea how important ethics is for any company.

So you keep saying. I have offered up an assessment that flat out states that these rules that you call sacrosanct are in fact OFTEN ignored, the HPQ investors don't seem to agree with you, Larry Ellison certainly does not agree with you, and we will know for sure in the next week of Oracles stakeholders agree with you.

2 Replies

Top Preforming CEO fired for lying on his Expense Report

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