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Ex-HP CEO Hurd Pays $14 Million Oracle Pledge Fee

September 21st, 2010 09:28 admin Leave a comment Go to comments

theodp writes “Valleywag reports that ousted HP CEO Mark Hurd is paying dearly to roll with Oracle, giving up millions of dollars to settle the HP lawsuit that threatened to prevent him from working at his new job. Hurd will forfeit about 345,000 restricted HP shares that he was given as part of his HP exit package, which had a market value of $13.6 million. In addition to announcing the truce against the backdrop of Oracle’s OpenWorld conference, HP and Oracle also reaffirmed their vows to each other.”

Source: Ex-HP CEO Hurd Pays $14 Million Oracle Pledge Fee

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