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September 21, 2011 09:49 pm GMT
With Hewlett-Packard now considering whether to fire CEO Leo Apotheker less than a year into the job and perhaps replace him with Meg Whitman, let's take a look at what happened after it fired its last CEO, Mark Hurd. To refresh your memory, Hurd was ousted in the wake of a sexual harassment lawsuit. Within a month, Larry Ellison hired him to become Co-President of Oracle with Safra Catz. As the chart above illustrates, that was right about the time Oracle's and HP's stock performance diverged, with HP's stock down about 50 percent.Of course, many other factors contributed to each company's performance, but it does raise the question of whether Hurd should have ever been fired in the first place. The sexual harassment claims were serious, but apparently not serious enough for Oracle to balk at naming him an officer of its company. Let's set that thorny topic aside for a moment. Hurd, first and foremost, is an operator and a damn good one. He made a big strategic bet by buying Palm for its touch computing OSa bet which may or may not have ever panned out, but at least it was a move which recognized the tectonic shift about to happen to the PC industry.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/MFnEhDkqLLQ/
HP Should Bring Back Hurd, At Least He Knew What He Was Doing
With Hewlett-Packard now considering whether to fire CEO Leo Apotheker less than a year into the job and perhaps replace him with Meg Whitman, let's take a look at what happened after it fired its last CEO, Mark Hurd. To refresh your memory, Hurd was ousted in the wake of a sexual harassment lawsuit. Within a month, Larry Ellison hired him to become Co-President of Oracle with Safra Catz. As the chart above illustrates, that was right about the time Oracle's and HP's stock performance diverged, with HP's stock down about 50 percent.Of course, many other factors contributed to each company's performance, but it does raise the question of whether Hurd should have ever been fired in the first place. The sexual harassment claims were serious, but apparently not serious enough for Oracle to balk at naming him an officer of its company. Let's set that thorny topic aside for a moment. Hurd, first and foremost, is an operator and a damn good one. He made a big strategic bet by buying Palm for its touch computing OSa bet which may or may not have ever panned out, but at least it was a move which recognized the tectonic shift about to happen to the PC industry. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/MFnEhDkqLLQ/
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