Hewlett-Packard's (NYSE:HPQ) board of directors may or may not have wanted former CEO Mark Hurd to stay, but the company certainly does not want him going to work at Oracle (Nasdaq:ORCL). Hewlett-Packard has filed suit against Hurd in an attempt to block him from accepting Oracle's offer of the role of company co-president, citing the protection of its own trade secrets. While these sorts of suits are not all that uncommon, this one has a bit of a sharper edge than most.
The Background
The story of Mark Hurd's departure from Hewlett-Packard has garnered so much attention, we will only summarize it here. In response to allegations of sexual harassment, Hewlett-Packard conducted an investigation of its then-CEO. Although the investigation did not find an actionable violation of the company's sexual harassment policies, Mr. Hurd's conduct did apparently violate somewhat vaguer provisions about executive conduct.
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