HP now totally cool with Hurd at Oracle, especially now that they've got their $30 million back. [Updated]
It seems that HP and Oracle have kissed and made up, with HP now okay with former CEO Mark Hurd taking a position as Co-President at Oracle. While neither party is releasing the details of the settlement, HP said in a statement that “Mr. Hurd will adhere to his obligations to protect HP’s confidential information while delivering the best products and solutions to their more than 140,000 shared customers.” Considering that HP and Oracle have been working together for more than 25 years, it’s little surprise that cooler heads prevails in the boardrooms. And Larry Ellison said there was no way we could still get along.
UPDATE: The Associate Press notes that the agreement between Hurd and HP was also contingent upon HP getting their money back. Hurd received approximately $30 million in severance pay and options, which he will be returning to HP. Hurd took advantage of the newfound goodwill by taking the stage at Oracle's annual conference to show off a new server the company was debuting.