HP files suit to block ex-CEO Hurd from taking president’s job at Oracle
September 8th, 2010 - 1:39 am ICT by BNO NewsPALO ALTO, CALIFORNIA (BNO NEWS) — Hewlett-Packard (HP) on Tuesday sued its former CEO, Mark Hurd, in response to the news of Hurd’s intention to join Oracle as co-president.
The company said in a statement that it filed a civil complaint in the California Superior Court against Hurd because he “signed agreements designed to protect HP’s trade secrets and confidential information.”
“Hurd will be in a situation in which he cannot perform his duties for Oracle without necessarily using and disclosing HP’s trade secrets and confidential information to others,” the company added.
HP believes that a Hurd’s appointment as Oracle’s President and member of its Board of Directors puts HP’s most valuable trade secrets and confidential information in peril.
The company also remarked that its former CEO was paid millions of dollars in exchange for Hurd’s agreements to protect trade secrets and confidential information during his tenure with HP and after his departure.
On August 6, Hurd decided to present his resignation his positions within HP following an investigation surrounding a claim of sexual harassment against Hurd and HP by a former contractor to HP, who later identified herself as actress Jodie Fisher.
The investigation determined there was no violation of HP’s sexual harassment policy, but did find violations of HP’s Standards of Business Conduct. Hurd had a personal relationship with Fisher.
- HP sues ex-boss Hurd over Oracle move - Sep 08, 2010
- Mark Hurd Joins Oracle, HP Sues Him - Sep 08, 2010
- Jodie Fisher is sad that Mark Hurd lost his job due to her disclosures - Aug 09, 2010
- Is Oracle vying to acquire HP? - Sep 23, 2010
- Oracle CEO Larry Ellison Disapproves Of Mark Hurd's Exit - Aug 10, 2010
- HP sues Mark Hurd, Oracle to pay him annual salary of $950,000 plus 10 million in stock options - Sep 08, 2010
- Hewlett-Packard Co. CEO Mark Hurd Resigns As CEO - Aug 07, 2010
- HP may buy software company for $10 bn: Report - Aug 19, 2011
- Jodie Fisher Denies Of Having "Intimate" Relationship With Mark Hurd - Aug 10, 2010
- Jodie Fisher Is "Surprised And Saddened" By Mark Hurd's Dismissal - Aug 09, 2010
- HP CEO may get $40 mn severance for illegitimate relations with contractor - Aug 10, 2010
- Former HP CEO Mark Hurd Reaches Legal Settlement With Contractor - Aug 08, 2010
- HP CEO Mark Hurd resigns over sexual harassment charges - Aug 07, 2010
- Hewlett-Packard Co. Stock Tumbles As CEO Mark Hurd Resigns - Aug 07, 2010
- HP's Interim CEO Trying To Counter The Effect Of Mark Hurd's Resignation - Aug 07, 2010
Tags: bno, california superior court, ceo mark, civil complaint, co president, confidential information, hewlett packard, hewlett packard hp, hp, intention, job, mark hurd, oracle, palo alto california, trade secrets