Tuesday, 21 September 2010 00:57
Joining Oracle Cost Hurd $13.6 Million. Losing Hurd Cost HP $15.7 Billion.
Hewlett-Packard has just settled its dispute with former CEO Mark Hurd over his recent move to Oracle for undisclosed terms. By making the move to competitor Oracle, Hurd gave up options on 346K shares of HP stock which at today’s closing price of $39.39 means $13.6M in losses.
HP is currently selling at $39.39 which marks a steep dip from the day Hurd was fired; On August 6th, 2010 HP’s stock price closed at $46.30, a $6.91 difference. If you multiply that by the 2.27B shares outstanding it means a $15.68B Hurd-related market cap drop for HP.
Clearly not the biggest loser here, and having nearly recovered from last month’s particularly messy sexual harassment scandal, Hurd will be joining friend Larry Ellison at Oracle as Co-President. And who knows what kind of cushy options he will pick up at Oracle?
CrunchBase InformationHewlett-PackardOracle CorporationInformation provided by CrunchBase
0
0
1
1
2
2
3
3
4
4
5
5
6
6
7
7Authors: Alexia Tsotsis
Read 4305 times
Published in
News Technologique-Tech News
More in this category:
« Réferencement : Soyez visible depuis googleMaps
Video: Flash Trounces HTML5 on Mobiles »
Last WebDesign
-
Un composant JavaScript de type Excel pour React - react-spreadsheet-grid
Read 41338 times
-
Vérifiez la conformité de vos scripts avec les dernières spécifications ECMAScript - ecma-parser-tests
Read 35671 times
-
Ajoutez des priorités aux requêtes réseaux pour vos applications - Stanchion
Read 37319 times
-
Une bibliothèque JavaScript dédiée à la création de musique midi à partir de vos sites web - WAMs
Read 35043 times
-
Un moteur JavaScript 2D pour vos sites web - Matter.js
Read 43662 times