|By Maureen O'Gara||
|August 12, 2010 01:30 PM EDT||
Anybody really know why Mark Hurd was forced to resign? We ask because the story that HP put out Friday to explain why its golden boy suddenly wasn’t its CEO anymore doesn’t make much sense especially in view of the contradictions now coming from Hurd’s side of the aisle.
If Hurd wasn’t having an affair with 50-year-old company geisha Jodie Fisher why would he fudge his expense account to cover up the fact that he had dinner with her?
HP said its investigation found Hurd didn’t sexually harass the company’s hired meeter and greeter – well, at least he didn’t violate HP’s sexual harassment policy whatever that means – and Hurd’s defenders have subsequently said that he didn’t fill out his own expense accounts – not many senior executives do – so apparently he was ousted because of a $1,000-$20,000 clerical error that doesn’t budge an HP decimal point.
Friends of Mark also claim that he did too sometimes list her as a dinner guest and paid out of his own pocket when business wasn’t discussed and say that HP’s allegations about him paying her for work she never did consisted of a meeting she was supposed to attend that was canceled at the last minute when her contract called for 30-days notice.
Ah, but if he didn’t sexually harass Ms. Fisher, who seems from her pictures to have trouble staying inside her blouse – apparently a holdover from her days of acting in raunchy flicks – then why did he settle up with her before he left HP? And what was his breast-beating last week all about, his regrets over not living up to “standards and principals of trust, respect and integrity”?
Hurd’s tennis partner Larry Ellison, who knows a thing or two about shtupping the help, blasted the HP board Monday for making “the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago. That decision nearly destroyed Apple and would have if Steve hadn’t come back and saved them.”
“In losing Mark Hurd,” Ellison told the New York Times in an e-mail, “the HP board failed to act in the best interest of HP’s employees, shareholders, customers and partners. The HP board admits that it fully investigated the sexual harassment claims against Mark and found them to be utterly false.” And, “what the expense fraud claims…reveal is an HP board desperately grasping at straws in trying to publicly explain the unexplainable; how a false sexual harassment claim and some petty expense report errors led to the loss of one of Silicon Valley’s best and most respected leaders.”
Ellison says push came to shove in the HP boardroom over whether to disclose the sexual harassment allegation. Initially the board split 6 to 4 in favor of publicizing it, a decision later made unanimous. Hurd wanted it hushed up since it was baseless.
Other friends of Mark claim relations between Hurd and the board then got contentious, citing Mark’s hair-trigger temper. Hurd reportedly decided he didn’t need the aggravation, that he might as well pick up his $30 million-$40 million golden parachute and walk; the money’s worth a third of the three-year contract he was negotiating.
His defenders blame APCO, the public relations firm that told the board it absolutely had to go public with Ms. Fisher’s claims, and HP general counsel Michael Holston, who oversaw the investigation.
Holston was originally hired by Hurd to investigate the pretexting mess of four years ago when HP was spying on its own board and members of the press. Last Friday the lawyer told Wall Street that his investigation of Hurd turned up a “systematic pattern of improper expenses and inaccurate reports as well as the disregard for the values of the HP of trust, respect and integrity that Mark himself admitted he didn’t live up to.”
Ironically, Gawker.com discovered that Hurd, HP SVP Craig Flowers and the holier-than-thou Mr. Holston had steered HP assets into covering three-quarters of the cost of a state-of-the-art data center upgrade at the $33,000-a-year Castilleja School their daughters attend complete with HP support staff. The school has deleted its thanks to the trio but the blog captured the web site before it disappeared.
Friends of Mark also claim that Hurd had enemies on the board left over from the previous regime who were disgusted with the way Hurd threw former HP chairman Patty Dunn to the wolves because of the pretexting scandal. They reportedly resented his “I am HP” attitude, ironically enough a creation of HP’s own publicity department.
However, the leadership for the anti-Hurd contingent was reportedly supplied by Mark Andreessen, who was tapped by Hurd for the board and who was ticked that HP hadn’t done that much with Opsware, which Andreessen had sold HP. Andreessen, who is now on the board’s search committee, evidently didn’t think much of Hurd’s innovation skills.
Andreessen reportedly also resisted the idea of signing a new three-year contract with Hurd. He only wanted to sign a one-year deal.
The irrepressible Henry Blodget, yes, that Henry Blodget, the ex-Merrill Lynch analyst currently banned from Wall Street and now a writer, claims HP didn’t have the evidence of fraud and embezzlement that the company alleged and that’s why Hurd was allowed to resign and walk away with close to $40 million otherwise he would have simply been fired.
Blodget is believed to be talking to Ellison, who’s talking to Hurd and his lawyers and among them they noticed that HP is now couching its claims more guardedly and ambiguously.
The clear winner here is Ms. Fisher and her lawyer Gloria Allread although friends of Mark say the check he wrote her – reportedly a few weeks ago – wasn’t “material.” Fisher, the alleged victim, put out a statement saying she was “surprised and saddened that Mark Hurd lost his job over this. That was never my intention.” My, my.
Blodget thinks that Allred blew whatever went on between Hurd and her client up out of all proportion and that APCO scared the bejesus out of the board with visions of Allred going on “talk show raving about what a horrible sex predator their CEO was and how he had demanded an innocent single mother do all sorts of heinous things and then fired her when she didn’t.”
Blodget figures the board was grateful at first for the inaccurate expense reports thinking it could oust Hurd and avoid the bad publicity and then concluded that the inaccuracies wouldn’t hold much water and that it was worth paying Hurd $40 million to avoid a wrongful termination suit.
According to friends of Mark, Hurd reportedly doesn’t know exactly how much his expense account is supposed to be out of whack although he has offered to reimburse the company. HP is now reportedly investigating the expense accounts of all senior executives.
And, given the details surfacing and the amount of ink spilt in their name, APCO might want to brush up on its damage control skills. Observers are waiting for shareholder suits to start piling up over the billions sheered off HP’s market cap by Hurd’s ouster.
After making a doctor’s appointment via your mobile device, you receive a calendar invite. The day of your appointment, you get a reminder with the doctor’s location and contact information. As you enter the doctor’s exam room, the medical team is equipped with the latest tablet containing your medical history – he or she makes real time updates to your medical file. At the end of your visit, you receive an electronic prescription to your preferred pharmacy and can schedule your next appointment.
Mar. 29, 2015 12:00 PM EDT Reads: 655
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on Twitter at @MicroservicesE
Mar. 29, 2015 12:00 PM EDT Reads: 1,422
The list of ‘new paradigm’ technologies that now surrounds us appears to be at an all time high. From cloud computing and Big Data analytics to Bring Your Own Device (BYOD) and the Internet of Things (IoT), today we have to deal with what the industry likes to call ‘paradigm shifts’ at every level of IT. This is disruption; of course, we understand that – change is almost always disruptive.
Mar. 29, 2015 11:45 AM EDT Reads: 1,059
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Raspberry Pi, BeagleBone, Spark and Intel Edison. You will also get an overview of cloud technologies s...
Mar. 29, 2015 11:00 AM EDT Reads: 2,065
SYS-CON Events announced today that SafeLogic has been named “Bag Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SafeLogic provides security products for applications in mobile and server/appliance environments. SafeLogic’s flagship product CryptoComply is a FIPS 140-2 validated cryptographic engine designed to secure data on servers, workstations, appliances, mobile devices, and in the Cloud.
Mar. 29, 2015 11:00 AM EDT Reads: 1,395
Wearable technology was dominant at this year’s International Consumer Electronics Show (CES) , and MWC was no exception to this trend. New versions of favorites, such as the Samsung Gear (three new products were released: the Gear 2, the Gear 2 Neo and the Gear Fit), shared the limelight with new wearables like Pebble Time Steel (the new premium version of the company’s previously released smartwatch) and the LG Watch Urbane. The most dramatic difference at MWC was an emphasis on presenting wearables as fashion accessories and moving away from the original clunky technology associated with t...
Mar. 29, 2015 09:00 AM EDT Reads: 1,381
The WebRTC Summit 2014 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
Mar. 29, 2015 09:00 AM EDT Reads: 1,552
SOA Software has changed its name to Akana. With roots in Web Services and SOA Governance, Akana has established itself as a leader in API Management and is expanding into cloud integration as an alternative to the traditional heavyweight enterprise service bus (ESB). The company recently announced that it achieved more than 90% year-over-year growth. As Akana, the company now addresses the evolution and diversification of SOA, unifying security, management, and DevOps across SOA, APIs, microservices, and more.
Mar. 29, 2015 08:30 AM EDT Reads: 2,042
GENBAND has announced that SageNet is leveraging the Nuvia platform to deliver Unified Communications as a Service (UCaaS) to its large base of retail and enterprise customers. Nuvia’s cloud-based solution provides SageNet’s customers with a full suite of business communications and collaboration tools. Two large national SageNet retail customers have recently signed up to deploy the Nuvia platform and the company will continue to sell the service to new and existing customers. Nuvia’s capabilities include HD voice, video, multimedia messaging, mobility, conferencing, Web collaboration, deskt...
Mar. 29, 2015 01:00 AM EDT Reads: 1,454
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
Mar. 28, 2015 08:00 PM EDT Reads: 1,786
SYS-CON Events announced today that Cisco, the worldwide leader in IT that transforms how people connect, communicate and collaborate, has been named “Gold Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Cisco makes amazing things happen by connecting the unconnected. Cisco has shaped the future of the Internet by becoming the worldwide leader in transforming how people connect, communicate and collaborate. Cisco and our partners are building the platform for the Internet of Everything by connecting the...
Mar. 28, 2015 07:00 PM EDT Reads: 5,184
Temasys has announced senior management additions to its team. Joining are David Holloway as Vice President of Commercial and Nadine Yap as Vice President of Product. Over the past 12 months Temasys has doubled in size as it adds new customers and expands the development of its Skylink platform. Skylink leads the charge to move WebRTC, traditionally seen as a desktop, browser based technology, to become a ubiquitous web communications technology on web and mobile, as well as Internet of Things compatible devices.
Mar. 28, 2015 06:00 PM EDT Reads: 1,826
SYS-CON Events announced today that robomq.io will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. robomq.io is an interoperable and composable platform that connects any device to any application. It helps systems integrators and the solution providers build new and innovative products and service for industries requiring monitoring or intelligence from devices and sensors.
Mar. 28, 2015 06:00 PM EDT Reads: 1,456
Docker is an excellent platform for organizations interested in running microservices. It offers portability and consistency between development and production environments, quick provisioning times, and a simple way to isolate services. In his session at DevOps Summit at 16th Cloud Expo, Shannon Williams, co-founder of Rancher Labs, will walk through these and other benefits of using Docker to run microservices, and provide an overview of RancherOS, a minimalist distribution of Linux designed expressly to run Docker. He will also discuss Rancher, an orchestration and service discovery platf...
Mar. 28, 2015 04:15 PM EDT Reads: 2,419
SYS-CON Events announced today that Akana, formerly SOA Software, has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Akana’s comprehensive suite of API Management, API Security, Integrated SOA Governance, and Cloud Integration solutions helps businesses accelerate digital transformation by securely extending their reach across multiple channels – mobile, cloud and Internet of Things. Akana enables enterprises to share data as APIs, connect and integrate applications, drive part...
Mar. 28, 2015 04:15 PM EDT Reads: 1,528
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes for use cases across the industrial, enterprise, and consumer segments.
Mar. 28, 2015 03:30 PM EDT Reads: 2,155
SYS-CON Events announced today that Solgenia will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Solgenia is the global market leader in Cloud Collaboration and Cloud Infrastructure software solutions. Designed to “Bridge the Gap” between Personal and Professional Social, Mobile and Cloud user experiences, our solutions help large and medium-sized organizations dr...
Mar. 28, 2015 03:00 PM EDT Reads: 2,792
SYS-CON Events announced today that Liaison Technologies, a leading provider of data management and integration cloud services and solutions, has been named "Silver Sponsor" of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York, NY. Liaison Technologies is a recognized market leader in providing cloud-enabled data integration and data management solutions to break down complex information barriers, enabling enterprises to make smarter decisions, faster.
Mar. 28, 2015 03:00 PM EDT Reads: 3,428
Cloud is not a commodity. And no matter what you call it, computing doesn’t come out of the sky. It comes from physical hardware inside brick and mortar facilities connected by hundreds of miles of networking cable. And no two clouds are built the same way. SoftLayer gives you the highest performing cloud infrastructure available. One platform that takes data centers around the world that are full of the widest range of cloud computing options, and then integrates and automates everything. Join SoftLayer on June 9 at 16th Cloud Expo to learn about IBM Cloud's SoftLayer platform, explore se...
Mar. 28, 2015 02:00 PM EDT Reads: 1,625
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the M2M space. This really allows some room for influential individuals to create more high value inter...
Mar. 28, 2015 12:45 PM EDT Reads: 4,650