Money: Oracle co-CEO Mark Hurd is dead at 62 - - PressFrom - Canada

Money Oracle co-CEO Mark Hurd is dead at 62

21:55  18 october  2019
21:55  18 october  2019 Source:

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Mark V. Hurd wearing a suit and tie© Provided by Canadian Press Enterprises Inc

Oracle co-CEO Mark Hurd, who led two Silicon Valley giants, has died at 62. Oracle confirmed his death Friday, but gave no cause. Hurd was on medical leave, which Oracle announced in September .

During his career, Hurd ran both Oracle and computer and printer maker Hewlett-Packard. Hurd joined Oracle as co-president in 2010 a month after leaving HP. He resigned from HP following accusations of sexual harassment by a female contract worker.

In that pre-#MeToo era, Hurd's departure from HP was a significant Silicon Valley drama. An investigation found while Hurd didn't violate sexual harassment policies, he submitted inaccurate expense reports connected to outings with his accuser. Hurd said he didn't try to conceal his dinners with the contractor after events she helped organize.

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Hurd settled with the contractor in 2010. HP's stock price more than doubled during Hurd's five-year stint as CEO, adding about $50 billion to the company's market value.

During the scandal, Oracle chairman Larry Ellison came to Hurd's defence, railing against HP for disclosing the harassment claim, calling it "cowardly corporate political correctness." He said ousting Hurd was the worst personnel decision since Apple forced out Steve Jobs a quarter-century earlier.

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In a note to Oracle employees, Ellison said that he will miss Hurd, whom he termed a close and irreplaceable friend. In the official notice of Hurd's medical leave a month earlier, Ellison said that Hurd had requested an absence "to address some health related issues and we all wish him a speedy recovery."

Mark Hurd: Silicon Valley’s Ultimate Salesman

  Mark Hurd: Silicon Valley’s Ultimate Salesman Mark Hurd was in his element at Indian Wells. The tennis tournament–more formally known as the BNP Paribas Open at Indian Wells, California— provided him with the perfect backdrop to flex his passions: tennis and selling stuff. Hurd turned the event, which Oracle Corp. co-founder Larry Ellison bought in 2009, into a two-week database and software sales extravaganza. He could be seen strolling the grounds or at nearby hotels constantly schmoozing with customers and using his connections with tennis legends like Chris Evert and Rafael Nadal to win people over and help close a deal.

Ellison said at the time that said at the time that he and co-CEO Safra Catz would take over Hurd's responsibilities.

Hurd described his decision to take medical leave this way: "Though we all worked hard together to close the first quarter, I've decided that I need to spend time focused on my health."

Before joining HP in 2005, Hurd worked at business technology company NCR Corp. for a quarter-century.

He grew up in New York and moved to Miami for high school. He graduated from Baylor University, where he played tennis. He is survived by his wife Paula and two daughters.

The Associated Press

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