In times of economical slowdown and scary unemployment rates, there still can be found people that don’t seem to be lacking work for some time. It could be a good thing to see this if it were from the distance. Not for the HP Board guys, we believe, that are (again) getting stuck in legal stuff. This time it is Saginaw Police and Fire Pension Fund who claims justice, according to Bloomberg’s
Not at all good for the company they lead, as legal issues do not usually add value to shareholders, do they? Can HP afford losing more time, energy, resources and ultimately its reputation?
It may be argued that the main target here is (again) Mark Hurd, CEO at HP for the matter of this lawsuit. Still some names from the HP Board are being included there. But yet, the issue with finger-pointing Hurd is that he is just the main face standing for HP before court.
Will this impact Oracle too? We believe the impact in Oracle will not be significant. After all, Hurd has two strong execs to back him up at home, Larry Ellison as CEO and Safra-Katz as co-president. They will be able to manage, as they would even in the case that Hurd could be 100% on board. Still the guy’s reputation will be stained once more.
Time will let us know what goes on with this story, but we cannot help a compassionate smile after how fishy the guy is getting by the day: Trapped by Fisher-woman, haunted by the siren chants from the Oracle, chased by the siren screams from the Police and Fire Depts at Saginaw, Michigan.
We wonder how the guy would answer an invitation for dinner in a seafood restaurant…
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