Last week's forced resignation of HP Chief Executive Officer Mark Hurd has dropped the company's stocks by more than 10 percent, drawn vehement criticism from Oracle CEO Larry Ellison, and prompted Hurd's top aide to step down this week.
According to Fortune, aide Caprice Fibres McIlvaine resigned from her position Monday, three days after her boss stepped down as the CEO of the Palo Alto-based computer giant. McIlvaine, according to the report, worked in communications before she became Hurd's assistant and was a "chief conduit" in the hiring of consultant Jodie Fisher, who filed a sexual harassment claim against Hurd.
The Palo Alto-based computer giant has been in the spotlight since last Friday, when HP announced that Hurd was stepping down after the company investigated the claim by Fisher, a former actress whom he hired to assist with marketing. The company concluded that Hurd didn't sexually harass Fisher, but the board asked him to step down because he falsified expense reports to cover the reported personal relationship between him and Fisher.
The company's stocks, meanwhile, have plunged by more than 10 percent since last Friday, when they were traded at about $46 a share. After dropping sharply early this week, the company's stock has largely stabilized and traded at about $40 a share as of Thursday afternoon.
Fisher said in a public statement this week that she "never had an affair or an intimate sexual relationship" with Hurd and that she resolved her claim against Hurd privately and without litigation.
Ellison, meanwhile, sent an e-mail to the New York Times on Monday blasting HP's board of directors for forcing Hurd out. Ellison, who is a friend of Hurd, wrote that the company "just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago."
"In losing Mark Hurd, the HP board failed to act in the best interest of HP employees, shareholders, customers and partners," Ellison wrote.