Town Square

Post a New Topic

HP stock tumbles after CEO scandal

Original post made on Aug 12, 2010

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.

Read the full story here Web Link posted Friday, August 13, 2010, 12:00 AM

Comments (7)

Posted by Larry
a resident of College Terrace
on Aug 12, 2010 at 11:08 pm

Larry Ellison knowns that those sexual harassment lawsuits are easy enough to beat when you have a top-of-the-line legal team and an unlimited defense budget.


Posted by wish I had some money to invest
a resident of Meadow Park
on Aug 13, 2010 at 5:41 am

Wow...I guess now is the time to buy!

wish I had some cash...


Posted by HP shareholder
a resident of Palo Alto Hills
on Aug 13, 2010 at 8:48 am

Ellison is right, they should have kept Hurd, sensored him, and allow
him to lead HP to a bigger & more profitable company. Now HP, shareholders, employees have to follow the "other leaders"..


Posted by Sharon
a resident of Midtown
on Aug 13, 2010 at 10:28 am


HPQ is not alone

Cisco stock plunges 10 percent after CEO sees 'unusual uncertainty'

When Cisco Systems CEO John Chambers speaks, Wall Street listens. And when Chambers becomes cautious about the economic recovery, investors react -- as they did Thursday, causing Cisco's stock to plunge by nearly 10 percent.Web Link


The reality is that we are in a double dip recession---if Iran is attacked we will plunge into a global economic depression.


Posted by Ronald L.
a resident of Downtown North
on Aug 13, 2010 at 11:25 am

Had Larry Ellison founded the company, I might care what he thinks.
Fortunately, HP was founded by two men who insisted the company
aspire to the highest ethical standards in the business. The board
was right to let go of Mark Hurd.


Posted by Fox News
a resident of College Terrace
on Aug 13, 2010 at 11:28 am

The main reason for the current economic slump is relentless whining on Fox News. As Rush Limbaugh says, the easiest way to defeat Obama is to ruin the country then blame it on him.


Posted by FISHy
a resident of Another Palo Alto neighborhood
on Aug 13, 2010 at 11:57 pm

The whole thing is FISHy. Why would Hurd pay her off and then she sue for sexual harassment? How could Jodie state that she didn't want him fired? There was some planning somewhere along the way. We aren't seeing all the facts. I think she wanted the fame and he wanted out or the Board wanted him ousted and grabbed for anything to get him out.


Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.

Email:


Post a comment

Sorry, but further commenting on this topic has been closed.

Stay informed.

Get the day's top headlines from Palo Alto Online sent to your inbox in the Express newsletter.

Burning just one "old style" light bulb can cost $150 or more per year
By Sherry Listgarten | 12 comments | 3,284 views

Banning the public from PA City Hall
By Diana Diamond | 28 comments | 2,390 views

Pacifica’s first brewery closes its doors
By The Peninsula Foodist | 0 comments | 2,104 views

Holiday Fun in San Francisco- Take the Walking Tour for An Evening of Sparkle!
By Laura Stec | 8 comments | 1,946 views

Premiere! “I Do I Don’t: How to build a better marriage” – Here, a page/weekday
By Chandrama Anderson | 0 comments | 1,554 views

 

Palo Alto Weekly Holiday Fund

For the last 30 years, the Palo Alto Weekly Holiday Fund has given away almost $10 million to local nonprofits serving children and families. 100% of the funds go directly to local programs. It’s a great way to ensure your charitable donations are working at home.

DONATE TODAY