After a month of sexual harassment investigation, HP CEO Mark Hurd was hired as the co-President at Oracle. But HP’ve large issue with Hurd’s new position and has filed a civil complaint to the Superior Court of California against Mark Hurd:
Despite being paid millions of dollars in cash, stock and stock options in exchange for Hurd’s agreements to protect HP’s trade secrets and confidential information during his employment and following his departure from his positions at HP as Chairman of the Board, Chief Executive Officer, and President, HP is informed and believes and thereon alleges that Hurd has put HP’s most valuable trade secrets and confidential information in peril. Hurd accepted positions with Oracle, a competitor of HP, yesterday as its President and as a member of its Board of Directors. In his new positions, Hurd will be in a situation in which he cannot perform his duties for Oracle without necessarily using and disclosing HP’s trade secrets and confidential information to others.
More Info: HP Civil Complaint Against Mark Hurd