Oracle only just hired Mark Hurd, but already, the new co-president's former employer is causing trouble for him. Yesterday, Hewlett Packard filed a civil suit against Hurd for allegedly breaching a contract he entered into with HP. HP believes Mark's working for a competitor puts the company's trade secrets in peril and says he signed a number of agreements during his time at HP agreeing to protect those secrets.
In a short and sweet statement, CEO of Oracle, Larry Ellison, branded the lawsuit vindictive and claimed it showed a complete disregard for the ongoing partnership between the two companies.
"Oracle has long viewed HP as an important partner," said Ellison. "By filing this vindictive lawsuit against Oracle and Mark Hurd, the HP board is acting with utter disregard for that partnership, our joint customers, and their own shareholders and employees. The HP Board is making it virtually impossible for Oracle and HP to continue to cooperate and work together in the IT marketplace."