Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Mark Hurd in Talks to Join Oracle as ‘Top Executive’, WSJ Says

Former CEO of Hewlett-Packard Mark Hurd
Former CEO of Hewlett-Packard Mark Hurd, seen here, is to leave News Corp.'s Board of directors. Photographer: Kimberly White/Bloomberg

Sept. 5 (Bloomberg) -- 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.

Val Russell, a U.K.-based spokeswoman for Oracle, said she couldn’t immediately comment on the report.

Hurd ran Hewlett-Packard, the world’s biggest maker of personal computers and printers, for more than five years. During his tenure, the Palo Alto, California-based company regained leadership in the PC market from Dell Inc. and used acquisitions to expand into new areas, such as computer services. The company’s stock-market value almost doubled in that period.

Ellison, who is friends with Hurd, wrote in a letter to the New York Times a week after Hurd stepped down from Hewlett-Packard that: “In losing Mark Hurd, the HP board failed to act in the best interest of HP’s employees, shareholders, customers and partners.”

Oracle Acquisition Spree

Ellison termed the ouster the “worst personnel decision” since the board of Apple Inc. fired Steve Jobs in 1985.

Ellison, 66, has spent about $42 billion buying 67 companies since January 2005. That spree, including the $7.3 billion purchase of Sun Microsystems Inc. this year, pushed Oracle beyond its hallmark database software. The economic recovery is spurring customers to buy more kinds of Oracle programs even as they pay maintenance fees for software they already own.

Microsoft Corp. is the world’s largest software maker.

To contact the reporter on this story: Anchalee Worrachate in London at aworrachate@bloomberg.net.

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.