Mark Hurd
Americanbusinessman and corporate executive
Mark Hurd
Mark Vincent Hurd is co-president, director, and board member of Oracle Corporation, and the past chairman, chief executive officer, and president of Hewlett-Packard. At Hewlett-Packard, Hurd succeeded CFO Robert Wayman, who served as interim CEO from February 10, 2005 to March 28, 2005, after former CEO Carly Fiorina was forced by the board to resign. On September 22, 2006, Hurd succeeded Pat Dunn as chairman after she resigned after the pretexting controversy.
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Mark Hurd's personal information overview.
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News
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Oracle boosts cloud business with $9.3 bn acquisition
Yahoo News - 8 months
Software giant Oracle agreed to acquire cloud computing company NetSuite for $9.3 billion in cash, the companies announced Thursday. Oracle will incorporate NetSuite's cloud-based financial management and resource planning products into its offerings to corporate clients. "Oracle and NetSuite cloud applications are complementary, and will coexist in the marketplace forever," said Mark Hurd, chief executive, Oracle.
Article Link:
Yahoo News article
OracleVoice: Mark Hurd Talks 'Customer-Obsessed Marketing' With CMO Elite
Forbes - about 3 years
Oracle president Mark Hurd gave an elite group of Fortune 500 chief marketing officers a veritable MBA-level seminar on the disruptive forces reshaping the way businesses interact with their customers. Speaking at the Argyle Executive Forum at New York City's Union League Club on Jan. 16, Hurd offered insights into everything from the how the purchasing power equation has been upended to why week-old leads may be worthless.
Article Link:
Forbes article
Oracle Execs Sell Stock Near 13-Year High
Wall Street Journal - about 3 years
Oracle (ORCL) Execs Sell Stock Near 13-Year High Exec VP Thomas Kurian and President Mark Hurd sold $64 million in shares. Oracle Execs Sell Stock Near 13-Year High Exec VP Thomas Kurian and President Mark Hurd sold $64 million in shares.
Article Link:
Wall Street Journal article
Hurd tells CNBC that he's happy at Oracle
Yahoo News - over 3 years
NEW YORK (AP) — Oracle President Mark Hurd says he's not planning on becoming Microsoft's next CEO.
Article Link:
Yahoo News article
Mark Hurd, Oracle's Master Salesman, Wants Your Business
NYTimes - over 3 years
How do you meet with 575 customers in a little over three days? Start with a relentless schedule, add precision timing and throw in lots and lots of coffee.
Article Link:
NYTimes article
Oracle's Next Cloud Moves
NYTimes - over 3 years
The large enterprise software company will kick off one of the industry’s biggest customer conferences with a lot of news. Mark Hurd, Oracle’s co-president, says the company can offer many ways big companies can be on the cloud or off the cloud or slowly migrate to the cloud.
Article Link:
NYTimes article
Oracle CEO Ellison's pay drops 18 pct to $78.4M
San Francisco Chronicle - over 3 years
(AP) — The value of Oracle Corp. founder and CEO Larry Ellison's pay package dropped 18 percent in fiscal 2013, to $78.4 million, after the business software company missed its internal financial targets and he declined his annual cash bonus. Chief Financial Officer and President Safra Catz's compensation package decreased 16 percent to $43.6 million, as did President Mark Hurd's pay. In the last fiscal year, revenue was nearly unchanged at $37.2 billion, while net income grew 9.5 percent to $10.9 billion. The AP formula calculates an executive's total compensation during the last fiscal year by adding salary, bonuses, perks, above-market interest that the company pays on deferred compensation and the estimated value of stock and stock options awarded during the year.
Article Link:
San Francisco Chronicle article
6 Reasons Why Mark Hurd Should Be Microsoft's Next CEO
Entrepreneur - over 3 years
Despite his ouster from H-P, Mark Hurd is the one man with all the skills needed to help Microsoft complete its transformation.
Article Link:
Entrepreneur article
The incredible shrinking company
Reuters.com - over 3 years
Christopher Mims has a good piece on Meg Whitman’s Hewlett-Packard today, pointing out that the company’s success (at least as measured by its stock price) over the past year or so is in large part due to her cost-cutting abilities. Mims doesn’t mention that this strategy is hardly new for HP: it was executed with just as much success under Mark Hurd. The really big errors at HP have taken place at the board level, both in terms of hiring and firing CEOs and in terms of approving ridiculous over-ambitious acquisitions. When it puts its mind to it, HP turns out to be pretty good at shrinking. It’s growth which turns out to be where the pitfalls lie. Which is why I’d take issue with Mims here: A more efficient, better-managed HP doesn’t mean much in the long run if the company cannot move beyond the stagnating businesses that make half of its current revenue—PCs and printers… Without any innovative consumer products to speak of, HP is essentially at the mercy of big businesses’ ...
Article Link:
Reuters.com article
Judge dismisses pension fund suit against HP, Hurd
Good Morning Silicon Valley - over 3 years
A judge has dismissed a shareholders lawsuit against computer maker Hewlett-Packard and its former CEO Mark Hurd, saying that a company's standards of business conduct amount to 'puffery' that can't be used in securities fraud lawsuits.
Article Link:
Good Morning Silicon Valley article
Oracle's Mark Hurd on the week when pigs flew in Silicon Valley
LATimes - over 3 years
Even in a place where the seemingly fantastic happens on a daily basis, the events of last week involving Oracle Inc. left many long-time observers of the tech scene in Silicon Valley stunned.     
Article Link:
LATimes article
How to Read a Financial Statement, by Oracle's Mark Hurd
Bloomberg - Businessweek - almost 4 years
Article Link:
Bloomberg - Businessweek article
The HP Way out
The Economist - almost 4 years
WHEN news broke earlier this year that its rival Dell was considering going private, Hewlett-Packard (HP), the world’s largest personal-computer (PC) maker, tried to profit from the situation. Dell customers would be facing a prolonged period of uncertainty, it told anybody who wanted to hear it. Better buy from HP instead, the unsubtle message was. Now that taunt has come back to haunt HP. On April 4th the firm’s shareholders and customers were treated to yet more ructions at the pinnacle of the company when the firm announced that Ray Lane, its chairman, would stand down from the post immediately (though he will remain a director) and that two other board members, John Hammergren and G. Kennedy Thompson, would be leaving in May. The changes are the latest in a spate of upheavals in HP’s boardroom that have led to frequent criticism of the way the tech firm has been governed. In 2006 Patricia Dunn, HP’s then chairman, resigned after a scandal that involved an investigation into a ...
Article Link:
The Economist article
UPDATE 1-Blackstone asks Oracle's Hurd if he wants to run Dell -source
Reuters.com - about 4 years
March 20 (Reuters) - Blackstone Group LP, which is weighing an offer for Dell Inc, is making an aggressive push to recruit Oracle Corp President Mark Hurd to be chief executive of the world's No. 3...
Article Link:
Reuters.com article
New York City pension funds oppose re-election of 2 longtime Hewlett-Packard board members
Canadian Business - about 4 years
NEW YORK, N.Y. – A group of New York City pension funds is joining the effort to oust the longest-serving members on Hewlett-Packard’s board of directors for their roles in a series of costly decisions that have battered the company’s stock. The brewing rebellion is aimed at HP directors John Hammergren and G. Kennedy Thompson, two of the 11 directors seeking to be re-elected at the company’s March 20 annual meeting. Two influential advisory firms, Institutional Shareholder Services and Glass Lewis & Co., are helping to mount the opposition. In separate reports issued earlier this week, both firms recommended that HP shareholders vote against Hammergren and Thompson. The CtW Investment Group also has been urging pension funds that own HP stock to oust those two directors. In a statement released Friday, New York City Comptroller John Liu said he has concluded Hammergren and Thompson bear responsibility for approving several soured acquisitions that saddled the world’s largest ...
Article Link:
Canadian Business article
Timeline
Learn about memorable moments in the evolution of Mark Hurd
    FIFTIES
  • 2014
    Age 57
    On September 18, 2014, Ellison announced he was stepping down as CEO with Hurd and Catz becoming co-CEO's.
    More Details Hide Details
  • 2011
    Age 54
    The letter containing the initial allegations was eventually published by the New York Times on December 29, 2011. after the Delaware Supreme Court ruled that it may be made public.
    More Details Hide Details Hurd said he "realized there were instances in which I did not live up to the standards and principles of trust, respect and integrity that I have espoused at HP", and added that he believed it would be "difficult to continue as an effective leader at HP." In exchange for releasing HP from future litigation, Hurd received $12.2 million in severance, plus vested options and restricted stock for an estimated total of $34.6 million. Shares of HP dropped as much as 8.4% in after-hours trading, hitting a 52-week low and shaving off $9 billion in market capitalization, when news of his forced departure was made public. Analysts attributed this to the sudden void of an executive perceived as bringing a period of consistency and out-performance to the company. BusinessWeek reported that "at least 100 top executives" have left HP since Hurd's departure, citing "tumult in Hewlett-Packard’s C-suite."
  • 2010
    Age 53
    On September 6, 2010, Hurd was named co-president and member of the board of Oracle Corporation by CEO Larry Ellison.
    More Details Hide Details Hurd succeeded Charles Phillips and is currently working to streamline the signup and upgrade process for clients. Safra A. Catz remains the other Oracle co-president.
    On 10 August 2010 shareholders in HP filed a derivative lawsuit following Hurd's departure from the corporation.
    More Details Hide Details The suit seeks unspecified damages and changes to HP's corporate governance. It claims that HP lost "significant credibility" due to the controversy and a loss of $9 billion in market capitalization when shares began trading the Monday after Hurd's resignation, and that his severance package could have been significantly smaller if HP's board fired him for cause. Brockton Contributory Retirement System filed the suit against Hurd and against HP's board members on behalf of shareholders.
    On August 6, 2010, he resigned from all of his positions at HP, following discovery of inappropriate conduct in an investigation into a claim of sexual harassment made by HP exhibition contractor and former reality TV actress Jodie Fisher, with whom he had a close friendship.
    More Details Hide Details The probe concluded that the company's sexual-harassment policy was not violated, but in the course of investigating the allegations, they had found breaches of HP's standards of business conduct, in that Hurd had used his expenses to pay for, and cover up, around $20,000 of personal expenses and travel related to her, that payments were made to her which had no valid business purpose and that Hurd had breached the company's code by failing to disclose the personal involvement with a colleague. Outside observers suggested that the company may have had an ulterior or at least mixed motive in requiring his resignation, and the presence of minor breaches of expenses and company policies was a convenient means to obtain quick closure, leading to suggestions that the HP board may have "freaked out" and ousted Hurd. Evidence said to support this interpretation included that Hurd was permitted to resign and was not fired for cause, as would usually be the case, that he was given a reported $40 million bonus, that apparently the errors were few and no systematic pattern of concealment and errors was shown, ambiguity in HP's internal report that suggested the matter may not have been deliberate (" intended to or had the effect of concealing "), information about a presentation to the HP board by an APCO PR specialist concerning the likelihood of a lengthy aggressive negative PR campaign in the mass media by the woman's celebrity lawyer against HP and its executive's conduct if the matter proceeded, and HP's own internal finding that no sexual harassment had taken place.
    Although financial results during Hurd's first few years at the helm seemed to vindicate this strategy, the underlying problems that his management style fostered would soon surface in 2010.
    More Details Hide Details Apple's iPad was launched that year and it would hurt makers of desktops and laptops, of which HP was the number one PC manufacturer. The acquisition of Palm Inc. for WebOS was supposed to let HP compete in the fledgling smartphone and tablet business, but this was jettisoned in 2011 (after Hurd's departure) after the failure of TouchPad. In 2012 HP wrote down $8 billion of the $13.9 billion purchase of EDS (renamed HP Enterprise Services), which was originally intended to compete with IBM; however, most of its outsourcing contracts tended to be low-margin instead of the more lucrative complex technological business that IBM enjoyed. Furthermore, EDS was not integrated with HP's other major business units and it was plagued by high staff departures (in part due to Hurd's pay cuts). http://tech.fortune.cnn.com/2012/05/08/500-hp-apotheker/http://www.businessinsider.com/hps-8-billion-write-off-is-really-good-news-in-disguise-2012-8http://www.businessinsider.com/hp-enterprise-services-morale-costs-layoffs-2012-5#ixzz22yExdHNMhttp://www.theinquirer.net/inquirer/feature/2200679/hps-eds-writeoff-hides-deeper-problemshttp://channelnomics.com/2012/09/20/eds-woes-latest-hp-distraction/
    Hurd resigned his positions at HP on August 6, 2010, following an investigation into a claim of sexual harassment made by a former reality TV actress.
    More Details Hide Details The probe concluded that the company's sexual-harassment policy was not violated, but that its standards of business conduct were. Hurd was a member of the Technology CEO Council, a coalition of chairmen and chief executive officers of IT companies, which develops and advocates public policy positions on technology and trade. He served on the board of directors of News Corporation until 2010.
  • 2009
    Age 52
    Hurd forecast that in 2009, HP's sales could drop as much as 5% in the midst of the recession, but its profit increased by nearly 6%.
    More Details Hide Details Under Hurd's tenure, the company met Wall Street expectations in 21 out of 22 quarters and increased profits for 22 straight quarters, while its revenue rose 63 percent and stock price doubled. While the merger of Hewlett-Packard and Compaq was heavily criticized back in 2002, Hurd apparently managed to make the combined company execute successfully, something his predecessor Fiorina had failed to do. http://www.huffingtonpost.com/ben-rosen/the-merger-that-worked-co_b_95873.html The New York Times said Hurd had "pulled off one of the great rescue missions in American corporate history, refocusing the strife-ridden company and leading it to five years of revenue gains and a stock that soared 130 percent". In 2007, Hurd was named one of Fortune Magazine's 25 Most Powerful People in Business. He was recognized multiple times by Business 2. magazine as one of the 50 Who Matter Now and by Barron's in its Best CEOs lists. The San Francisco Chronicle honored him as the 2008 CEO of the Year. He appeared on CRN's 25 Most Influential Executives list in three separate years and was twice one of CRN's Top 25 Executives. Mark Hurd was listed as one of Forbes' Market's Best Managers for 2009. Hurd was considered one of the "TopGun CEOs" in 2009 by Brendan Wood International, an advisory agency.
  • FORTIES
  • 2006
    Age 49
    On September 22, 2006, Hurd succeeded Pat Dunn as board chairman after she resigned after the pretexting controversy.
    More Details Hide Details Under his leadership, the company has been the first in the sale of desktop computers since 2007, and laptop computers since 2006. In 2008, it also increased its market share in inkjet and laser printers to 46% and 50.5%, respectively.
    On September 22, 2006, Hurd succeeded Pat Dunn as chairman after she resigned after the pretexting controversy.
    More Details Hide Details
  • 2001
    Age 44
    He was named president of NCR in 2001 and was given additional responsibilities as chief operating officer in 2002.
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  • TWENTIES
  • 1980
    Age 23
    He began working for NCR as a junior salesman in San Antonio in 1980, and subsequently held a variety of positions in general management, operations, and sales and marketing. He also served as head of the company's Teradata data-warehousing division for three years. After the board forced Chairman and CEO Carly Fiorina to resign in January 2005 for inconsistent profits and problems with executing the acquisition of Compaq, Executive Vice President CFO Robert P. Wayman became interim CEO for several months.
    More Details Hide Details Hurd was appointed permanent CEO and also held the title of President, a post which was not used by several of his predecessors (Michael Capellas was President of HP for a transitional period in 2002 after its merger with Compaq). Hurd was also elected to the board of directors but unlike previous CEOs, he was initially not designated to be chairman of the board which was instead filled by a non-executive director.
  • 1979
    Age 22
    Hurd graduated in 1979 with a BBA (Bachelor's degree in Business Administration) from Baylor University, which he attended on a tennis scholarship, and was also a member of Phi Delta Theta at Baylor.
    More Details Hide Details In 2009, Baylor named its tennis complex the Hurd Tennis Center after he helped fund its renovation. Hurd is married to Paula Hurd (née Kalupa). Hurd spent 25 years at NCR Corporation, culminating in a two-year tenure as chief executive officer and president. His leadership was marked by successful efforts to improve operating efficiency, bolster the product line and build strong leadership. In the fiscal year of 2004, NCR generated revenue of $6. billion, up 7 percent from a year earlier, and net income rose nearly fivefold to $290 million.
  • CHILDHOOD
  • 1957
    Age 0
    Born on January 1, 1957.
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