Money: Mark Hurd: Silicon Valley’s Ultimate Salesman - - PressFrom - Canada
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Money Mark Hurd: Silicon Valley’s Ultimate Salesman

07:20  19 october  2019
07:20  19 october  2019 Source:   msn.com

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(Bloomberg) -- 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.

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

Mark V. Hurd wearing a suit and tie looking at the camera: Oracle Co-Chief Executive Officer Mark Hurd Interview At The Oracle OpenWorld 2014 Conference© Bloomberg Oracle Co-Chief Executive Officer Mark Hurd Interview At The Oracle OpenWorld 2014 Conference (Bloomberg) -- 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. Along the way, Hurd, Oracle’s co-CEO, would sneak in a hit–he had a big serve and liked to flaunt it–or check on the American college players he was mentoring and the young pros he was quietly helping with financial aid. For Hurd, business and pleasure were one and the same and almost always intermixed in his life.

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This is what I’ll remember most about Hurd, who passed away Friday morning after a protracted illness: he was a relentless hustler and loved the art of doing business more than just about any other executive I’ve ever run across.

In a statement issued after Hurd’s death, Ellison pointed to his friend’s business acumen. “Oracle has lost a brilliant and beloved leader who personally touched the lives of so many of us during his decade at Oracle,” Ellison said. “All of us will miss Mark’s keen mind and rare ability to analyze, simplify and solve problems quickly.”

Hurd arrived at Oracle in 2010 under tumultuous conditions. He’d resigned as CEO of Hewlett-Packard after being investigated by the company’s board for a relationship Hurd had with a marketing contractor. The board argued that Hurd had tried to cover up the relationship and misused his expense account, and Hurd argued that they were wrong and making much ado about nothing. The squabble was acrimonious enough to end Hurd’s time at HP, even though he had revived the company’s fortunes and turned it into a lean, mean maker of corporate technology products, printers and personal computers.

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Mark Hurd : Silicon Valley ’ s Ultimate Salesman . Mark Hurd , Oracle CEO Who Led Three Tech Companies, Dies.

The Silicon Valley veteran’ s death was announced in a note on his personal website, which was written by Oracle co-founder Larry Ellison. “It is with a profound sense of sadness and loss that I tell everyone here at Oracle that Mark Hurd passed away early this morning,” the message read.

At Oracle, Hurd applied his trademark skills at analyzing balance sheets and streamlining operations to try and improve the software maker’s bottom line. He could recite from memory the financial minutiae of every division and be blunt about what was working and what needed to be fixed. During his years at Oracle, the company’s share price more than doubled, and Hurd was a constant presence at the company’s events, sales meetings and customer sites. In many ways, he became the public face of Oracle, enjoying the limelight while Ellison made the occasional appearance and co-CEO Safra Catz preferred to operate in the background.

Though Oracle remains the dominant database company, it still has much work to do to catch up in the booming market for cloud-based software and services. Oracle was late to the game modernizing its products. Hurd tried his best to paper over Oracle’s weaknesses through salesmanship and often succeeded. One of the biggest weaknesses throughout his career, though, was favoring bottom line performance over investing in research and development and revolutionary new products. Hurd often seemed to focus on the here and now, rather than plotting for what lay ahead.

Oracle co-CEO Mark Hurd is dead at 62

  Oracle co-CEO Mark Hurd is dead at 62 Oracle co-CEO Mark Hurd is dead at 62During 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.

View from Silicon Valley : Start Up & Venture Capital Firms News & Events, High Tech Trends, … If you would like to drop us a note, feedback or propose … Steve Ballmer would step down as CEO … once the company chooses his successor… much of Silicon Valley thinks [ Mark Hurd ] … is the best

Mark Hurd : Silicon Valley ’ s Ultimate Salesman . Mark Hurd , Oracle CEO Who Led Three Tech Companies, Dies.

Oracle’s dual-CEO structure was unusual and not always to Hurd’s liking, as he reveled in controlling a business and overseeing all of its operations. He took on sales, marketing and press and investor relations, and Catz handled finances and legal. Last month Oracle said that Hurd was taking a leave of absence for an unspecified illness and that Ellison and Catz would assume his responsibilities. Ellison has said that Catz will stay in place and that he would like to keep the two-CEO structure. He cited Don Johnson, head of Oracle’s cloud infrastructure division, and Steve Miranda, head of Oracle’s applications unit, as possible partners to Catz in the future.

What’s clear is that Hurd will not be easy to replace. On a personal note, he shared a tight bond with Ellison around tennis. The two men have been pumping money into American tournaments and players for years, hoping to spark a revival of U.S. male pros. And, when Hurd was at his lowest moment after the HP fiasco, it was Ellison who came to the rescue, championing Hurd in the press and offering him a high-profile gig at Oracle. These actions–along with massive annual pay packages-made Hurd very loyal to Ellison and left Hurd as eager as ever to prove Ellison right and his critics wrong.

Not short on ego, Hurd saw business as a battlefield and perceived himself as a master general. On his worst days, he was short of temper and combative. But, on his best days–of which there seemed to be many–he was a numbers and strategy savant with a rare ability to inspire those under him to work incredibly hard. Hurd himself was a workaholic and considered Oracle’s performance as a reflection on his character. Very few people are as committed to their work or as passionate in their pursuit of it.

Vance covered Hurd for 15 years in his roles as CEO of NCR, HP and Oracle and even played tennis with him once.

To contact the author of this story: Ashlee Vance in Palo Alto at [email protected]

To contact the editor responsible for this story: Molly Schuetz at [email protected], Robin Ajello

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

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