Look at this HP investor laying the smack down! HP pushed Hurd out in a hurry, Hurd finds a new job in a hurry. The suit alleges a confidentiality breach, not sure how ORCL stock will react to this but could be worth keeping an eye on.
(Business Week writes)"A Hewlett-Packard Co. investor sued former Chief Executive Officer Mark Hurd and the board of directors, claiming disclosures surrounding his resignation led to a drop in the shares.
“HP lost significant credibility and the market punished HP (and its shareholders) upon the 8/6/10 revelation of Hurd’s termination,” according to the complaint filed Aug. 10 in state court in Santa Clara County, California, by a Massachusetts- based pension fund"
By Hedge Ly
.jpeg)
