Outsource Issue 21 - (Page 12)
This issue: hurd QuiTs; Chinese Tax breaks; immigraTion worries
news & comment
mark Hurd resigns as HP ceo
Mark Hurd, erstwhile CEO and chairman of Hewlett-Packard widely credited with turning around the company’s fortunes in the four years he was at the helm, resigned in August following revelations of irregular expense claims and allegations of sexual harassment. During his time in office Hurd, 53, oversaw substantial growth in HP’s revenues, a doubling of the company’s stock value (making it the largest IT company in the world by market value), and a number of acquisitions including that of sourcing trailblazer EDS; however, such success was not enough to keep him in his role after reports of allegations of harassment (later disproved) by actress and occasional HP contractor Jodie Fisher led to the discovery of thousands of dollars in apparently improper expenses payments. Hurd’s severance settlement has been rumoured to be worth up to $50 million. Prominent figures in the computing industry have voiced their concerns over the possible impact of the move upon HP . Oracle’s Larry Ellison – a frequent tennis partner of the fallen CEO – said that HP’s board had “just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago”. Possibly more damaging than even such criticism, HP is now the subject of a derivative lawsuit brought as a result of the approximately $9-billion decline in its market capitalisation in the days following Hurd’s departure.
IT IndusTry
CommenTarY
Deborah Kops, sourcingchange.com
“By now the lascivious literati have thoroughly pulled apart the circumstances around the inglorious fall of HP’s Mark Hurd. Whether he sidled up to Ms Fisher, or merely bought her a few high priced drinks, will always be a matter for salacious speculation, but his departure has more implication for the future of the outsourcing industry. Will the next leader decide to aggressively pursue a leadership position, finally realising the value of the EDS acquisition and any synergy with the ink and printer business, or merely follow Hurd’s policy of benign neglect?”
Consendre mod eugait alit luptati sisisisit augait num iusti facidunt ipsumsan el eraestrud exerat ad onulla cor ing eumsandre ex elit “When someone gets a job, it better be clear what they did to get it.” – Mark Hurd atetue tet ulla feu feum niamconEm ea commodiam ad tem dolortio Utat lum quisim et, quissi.Volobore m iurero dolobore.
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Table of Contents for the Digital Edition of Outsource Issue 21
Outsource - Issue 21
In This Issue
Meet the Board
News and Comment
The Post-Election Landscape
Jim Mather
Sharing the Burden
Q&A: Debra Robinson
RPO Report
The Cloud Breaks
Tom Bangemann
Germany Focus
Outsourcing Derivatives Reconciliations
The Path to Perfection
Phone Home?
Sergei Levteev
Bangladesh
Richard Thompson
Adam Foster
SME Outsourcing
Good Relations
Culture Clash
Professor Arie Lewin
The Legal View
NOA Round-up
Words from the Web
Inside Source
The Last Word
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