Tuesday, September 21, 2010

Ousted chief, HP settle suit over job - The Boston Globe

No Hurd feelings…

Under the terms of a settlement disclosed yesterday after the stock markets closed, Hurd agreed to relinquish stock he was given in his severance package. The shares are worth nearly $14 million, based on yesterday’s closing price of $39.39.

HP and Oracle said in a joint statement that Hurd will be able to perform his duties as an Oracle copresident without spilling HP’s trade secrets.

Ousted chief, HP settle suit over job - The Boston Globe

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