Friday, September 17, 2010

HP Prayer for Relief against ex CEO

I had never heard of this quaint legal terminology before, found in the civil complaint against former CEO Mark Hurd. The irony suggested by the wording is that the HP board is in desperate straights over the escalating Hurd debacle and has resorted to worshiping the Palo Alto money gods.

Having just paid about 2 million dollars per employee for ArcSight, I don't think the powers that preside over Silicon Valley's indulgences will consider this prayer happily. Rather a reprimand for stupidity is probably in order.

Not only did Hurd fleece the HP board of 25 million to avoid further scandal, he delivered a follow up  scandal within days, seemingly out of sheer spite, as he walked straight into the waiting wallet of Larry Ellison spoiling for a fight against his biggest competitor.

Maybe prayer is the best strategy right now after all.


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