Oracle CEO Larry Ellison might think that HP’s board are “idiots” for forcing his counterpart Mark Hurd to resign from the IT giant, but I wonder how the news was received by HP employees.
In my previous job, two of the stories I wrote that received the most reader comments were about HP staff unrest over plans for a global pay cut, just as it was revealed that Hurd received a multimillion-dollar bonus payment.
For a lot of HP employees – and in particular those of the former EDS where thousands of job cuts were implemented when HP acquired the outsourcing firm – Hurd was the perfect example of the CEO who was loved by shareholders and hated by many staff.
You can’t deny that Hurd produced a dramatic financial improvement after the controversy of the Carly Fiorina years that preceded him, and his quiet, publicity-shy managerial style has turned HP into the world’s biggest IT supplier, overtaking even IBM.
But I wonder if there won’t have been a few cheers in HP offices around the world from employees who for some time have felt they were little more than a disposable item.
Do you work for HP? What do you think about Hurd’s departure? Post your comments below…