Todd Bradley could be next but...

Sources at FUMH indicates that Todd Bradley has already hired lawyers to start working on his compensation package. And guess what ? Trying to humanize his compensation, and tying it to the compensation of average folks at HP is what they’re working on.

The other big move would be to separate strategy from execution. Hurd was both CEO and Chairman of the board. Someone with more “vision,” would be put into that spot and Vyomesh Joshi could become the Chairman, with responsibility for the strategy of the company.

Bradley would like to offer a block of stock options to all employees. At around $40, the “Bradley Options,” could be a way to boost the anemic Hurd-level moral, and try to reward everyone for their sacrifices in keeping HP strong throughout the recession.

Todd Bradley HP official bio
Smartest Executive: Todd Bradley

Todd Bradley talks to CNBC (video)

Yes but....

Leading internal candidates include Todd Bradley, who leads HP's high-volume but low-margin PC division. He is viewed as a strong operational manager, but some board members are worried about his strategic vision, one source said.The source added that others were concerned because Hurd had been seen as major supporter of Bradley's, one of Hurd's first hires when he came onboard in 2005."

http://sg.finance.yahoo.com/news/HP-sought-two-IBM-execs-CEO-rsg-4175365170.html?x=0&.v=2

HP subsidiary on strike in Dublin

Irish Times, 09/28

Workers at a HP subsidiary have begun the first of two 24-hour stoppages at the firm's plant in Co Dublin in a row over job security, redundancy terms and pay and conditions.

Engineers and technicians employed by HP Customer Delivery Systems say management at the company have refused to engage with the union representing them.

The 40 IBOA members at the Leixlip plant have been joined by other workers on the picket.

The workers provide maintenance services for a range of electronic equipment including bank ATM machines and point-of-sale devices in shops. They also maintain computer systems in a number of Government departments including the processing of social welfare cheques.

Irish Bank Officials' Association said management at the company signalled its intention to renege on an existing collective agreement and rejected a recent Labour Court recommendation urging HP CDS to engage in dialogue with the union.

The union was to stage a work stoppage at the beginning of August but when management signalled its intent to engage with them it was postponed. However in the following weeks these attempts "fell flat" as the talks were to be confined to a small group of workers a spokesman for the union said.

Staff have raised concerns over job security, redundancy terms, pay, possible transfer and redeployment, as well as the general management culture and issues relating to dignity and respect at work.

IBOA general secretary Larry Broderick said management has adopted a "wholly negative posture" to the situation. "IBOA has repeatedly indicated its willingness to negotiate but management has refused to enter into meaningful talks by rejecting the best efforts of the Labour Court and seeking to rescind previous agreements with the union.

"The stance taken by management in HP CDS is all the more surprising because IBOA has developed a constructive relationship with the management of the parent company, HP, on behalf of our members directly employed there," he added.

A second work stoppage will take place on Thursday unless meaningful negotiations begin in the meantime, the union added.

H.P.’s Blundering Board

Best of article :

The Hewlett-Packard board is back to doing what it does best: shooting itself in the foot. By filing an embarrassing lawsuit against the company’s former chief executive, Mark V. Hurd, this week — a suit that unwittingly highlights the mistakes it made in the way it let Mr. Hurd go — the H.P. board can now lay claim, officially, to the title of the Most Inept Board in America. 

 ...

Mr. Hurd got his $12.2 million 30 days after leaving H.P. On Sept. 6 — which is to say, the 31st day — Oracle announced that Mr. Hurd was joining Oracle as co-president, reporting to its founder and chief executive, Lawrence J. Ellison, well known in Silicon Valley as a corporate mischief-maker.

...

Let us acknowledge, before going any further, that Mr. Hurd does not appear to be a candidate for sainthood in this matter. This whole dustup began when Mr. Hurd was accused of sexual harassment by Jodie Fisher, the greeter in question. Although Mr. Hurd quickly paid to make the accusation go away — and although the two have denied having sex — it sure looks like something fishy was going on. You don’t keep someone off your expense account without a reason.

....

Thus, the central contention in the H.P. lawsuit — that Mr. Hurd will inevitably use his inside knowledge of H.P.’s hardware business to help his new employer — strikes me as quite plausible. How can he not? He’s spent the last five years eating, drinking and sleeping H.P. (Well, except when he was eating and drinking with Ms. Fisher.) H.P. is in his bones.

...

What I’ve been hearing this week is that the board felt it had no choice but to sue Mr. Hurd — both to put him on notice and to send a strong message to the rest of the company. But if this case gets laughed out of court, as I suspect it will, the message is going to be a bit different from what the board intends. The whole world will know Mr. Hurd walked away with $40 million of H.P. shareholders’ money, and joined a multibillion-dollar competitor with H.P. in its sights — and there wasn’t a thing H.P. could do to stop him. Confidence-inspiring, this ain’t.

http://www.nytimes.com/2010/09/11/business/11nocera.html?_r=1

Sad day for Oracle employees. HP sues Hurd !

"After having been chairman and CEO of the largest tech company in the world, it's a bit of come-down for Hurd to become co-president of Oracle. Does he have a promise from Ellison that he'll be CEO within a given period of time? Or was it simply too alluring for Hurd to get back to work and ensure that people would change the subject from his ignominious exit from HP? " (http://tech.fortune.cnn.com/2010/09/07/the-larry-ellison-mark-hurd-and-safra-catz-show-at-oracle/?source=yahoo_quote)

Hurd Is Now a President at Oracle

H-P Sues Hurd After Oracle Appointment