Billionaire Ellison blasts HP CEO's ouster
Billionaire Larry Ellison is blasting Hewlett-Packard's decision to oust CEO Mark Hurd as cowardly and the worst personnel decision since Apple forced out Steve Jobs 25 years ago.
Ellison, Oracle's CEO and a friend of Hurd's, issued a statement Monday saying that the move to get rid of Hurd went against the best interests of HP's employees, shareholders, customers and partners. Oracle is one of those partners.
HP's decision to go public with a sexual harassment claim against Hurd, even though a company investigation found no basis for the claim, was an act of "cowardly corporate political correctness" by a divided board of directors, Ellison says.
HP repeated that the board voted unanimously for Hurd's resignation.