HP’s worst-case scenario comes to fruition…
Oracle Corp. named Mark Hurd co-president and appointed him to its board of directors, heightening the rivalry between the software company and Hewlett-Packard Co., the technology giant Mr. Hurd ran as chief executive until departing amid a scandal last month.
The company also said that Charles Phillips, one of two co-presidents and a board member, has resigned. Mr. Phillips made headlines with his own missteps this year at Oracle. Safra Catz, Oracle's other co-president, will remain in that role.
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