An excerpt from Larry Ellison’s letter:
The H-P Board just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago. That decision nearly destroyed Apple and would have if Steve hadn’t come back and saved them. H-P had a long list of failed CEOs until they hired Mark who has spent the last five years doing a brilliant job reviving H-P to its former greatness.
The final insult was when the H-P board going to the press and suggested that Mark Hurd engaged in expense fraud over a few thousand dollars. This is not credible. Mark Hurd, like most other CEOs, does not fill out his own expense reports, so even if errors were made Mark didn’t make them. What the expense fraud claims do reveal is an H-P board desperately grasping at straws in trying to publically explain the unexplainable; how a false sexual harassment claim and some petty expense report errors led to the loss of one of Silicon Valley’s best and most respected leaders.