Thursday, September 09, 2010

FT.com / Lex - Oracle / HP

I suppose some NCR employees and shareholders might have been pondering the same thing in 2005, when HP hired Mark Hurd away from his NCR CEO role

Still, HP’s shareholders might reasonably expect that having paid Mr Hurd $98m between 2007 and 2009, and then a large severance sum, the fiduciary duty to protect their interests might extend beyond the company carpark.

Perhaps it is an ethical question for Mr Hurd to answer to his own satisfaction. But shareholders, and the boards that are supposed to represent them, should ponder what level of loyalty they can realistically buy.

FT.com / Lex - Oracle / HP

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