Larry Called It

After $HPQ’s board fired Mark Hurd (or forced him to resign), Larry Ellison sent an e-mail to the New York Times:

Lawrence J. Ellison, the chief executive of Oracle, denounced Hewlett-Packard’s directors on Monday for forcing the resignation of the H.P. chief executive, Mark V. Hurd, who is a friend of Mr. Ellison’s.

Mr. Hurd stepped down Friday after a sexual harassment inquiry found that he had filed inaccurate expense reports.

In an impassioned e-mail sent to The New York Times, Mr. Ellison chided H.P.’s board for what he said was a grave mistake.

“The H.P. board just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago,” Mr. Ellison wrote. “That decision nearly destroyed Apple and would have if Steve hadn’t come back and saved them.”

That was 10 months ago. Yep, I think Larry was right.

Posted by on June 15th, 2011 at 2:08 pm


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