Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Mark Hurd, Oracle CEO, has died

Mark Hurd, Oracle CEO, has died

Mark Hurd, CEO of Oracle and former CEO of Hewlett-Packard, two of Silicon Valley's most storied companies, has died. He was 62.

Oracle Founder and Chairman Larry Ellison confirmed Hurd's death Friday.


"Mark was my close and irreplaceable friend, and trusted colleague," Ellison said in a memo to Oracle employees that was posted on Mark Hurd's personal website. "Oracle has lost a brilliant and beloved leader who personally touched the lives of so many of us during his decade at Oracle. All of us will miss Mark's keen mind and rare ability to analyze, simplify and solve problems quickly."


Hurd took a leave of absence from Oracle (ORCL) a month ago for unspecified medical reasons. At the time, he said in a message to employees: "I've decided that I need to spend time focused on my health." He had been a chief executive and board director at the company since 2014. He served alongside Safra Catz, who also has the title of CEO. Ellison took over Hurd's responsibilities when he left.


Hurd's Oracle career started in 2010, one month after he resigned as Hewlett-Packard's CEO over sexual harassment allegations. HP claimed that he failed to tell the board about a "personal relationship" with actress Jodie Fisher, who was working as a marketing contractor for the company.


In 2010, Oracle boss Ellison slammed HP for letting go of Hurd, calling it "the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago." He then hired Hurd on as president, sharing the position with Safra Catz.


HP (HPQ) later said in a regulatory filing that an outside investigation of the claims "determined that there was no violation of HP's sexual harassment policy, but did find violations of HP's Standards of Business Conduct." Hurd conceded in the HP press release that "there were instances in which I did not live up to the standards and principles of trust, respect and integrity that I have espoused at HP."


Hurd walked away from HP with $12 million in cash and a large portion of his stock options.


Arriving at Oracle


Oracle is one of HP's chief rivals, and the companies have a long history of litigation and nastiness. Hurd's appointment ruffled some feathers in Silicon Valley.


HP didn't make it easy for Hurd to make the jump: It sued Oracle in an attempt to stop Hurd from joining. In court documents filed in 2010, HP said it believed Hurd had put its "most valuable trade secrets and confidential information in peril."


But Oracle needed an experienced salesman as Amazon (AMZN), Microsoft (MSFT) and Google (GOOGL) began to grow their cloud computing businesses. That left Oracle's middleware and database products looking particularly outdated.


Since Hurd's arrival, the company has greatly expanded its cloud computing portfolio, although Oracle still trails its competitors by a wide margin. He also started a program to recruit recent college graduates as Oracle salespeople and anticipated the industry's shift toward the cloud.


Hurd was born in 1957 in New York City, on the Upper East Side, according to his personal website. He then moved to Miami for high school. He graduated with a Bachelor's degree in marketing management in 1979 from Baylor University in Texas, where he played tennis and was president of a fraternity.


The tech boss began his career in 1980 at ATM company NCR as a junior salesman. He eventually worked his way up to become CEO in 2003. He became HP's CEO in 2005, replacing ousted CEO Carly Fiorina. Following his jump to Oracle in 2010, he was then promoted to CEO in 2014. He oversaw how Oracle would sell and market products, while Catz handled finance, legal and operations.


Hurd was married to his wife, Paula, for nearly three decades. Paula had worked alongside him at NCR, where she had been a senior executive. They had two daughters and lived in the Bay Area.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Hungary Ranked Among the World’s Safest Travel Destinations for 2025
G7 Leaders Fail to Reach Consensus on Key Global Issues
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
Wreck of $17 Billion San José Galleon Identified Off Colombia After 300 Years
Man Convicted of Fraud After Booking Over 120 Free Flights Posing as Flight Attendant
Iran Launches Extensive Missile Attack on Israel Following Israeli Strikes on Nuclear Sites
Beata Thunberg Rebrands as Beata Ernman Amidst Sister's Activism Controversy
Hungarian Parliament Approves Citizenship Suspension Law
Prime Minister Orbán Criticizes EU's Ukraine Accession Plans
Hungarian Delicacies Introduced to Japanese Market
Hungary's Industrial Output Rises Amid Battery Sector Slump
President Sulyok Celebrates 15 Years of Hungarian Unity Efforts
Hungary's Szeleczki Shines at World Judo Championships
Visegrád Construction Trends Diverge as Hungary Lags
Hungary Hosts National Quantum Technology Workshop
Hungarian Animation Featured at Annecy Festival
Israel Issues Ultimatum to Iran Over Potential Retaliation and Nuclear Facilities
UK and EU Reach New Economic Agreement
Coinbase CEO Warns Bitcoin Could Supplant US Dollar Amid Mounting National Debt
Trump to Iran: Make a Deal — Sign or Die
Operation "Like a Lion": Israel Strikes Iran in Unprecedented Offensive
Israel Launches 'Operation Rising Lion' Targeting Iranian Nuclear and Military Sites
UK and EU Reach Agreement on Gibraltar's Schengen Integration
Israeli Finance Minister Imposes Banking Penalties on Palestinians
U.S. Inflation Rises to 2.4% in May Amid Trade Tensions
Trump's Policies Prompt Decline in Chinese Student Enrollment in U.S.
Global Oceans Near Record Temperatures as CO₂ Levels Climb
Trump Announces U.S.-China Trade Deal Covering Rare Earths
Smuggled U.S. Fuel Funds Mexican Cartels Amid Crackdown
Austrian School Shooting Leaves Nine Dead in Graz
Bezos's Lavish Venice Wedding Sparks Local Protests
Europe Prepares for Historic Lunar Rover Landing
Italian Parents Seek Therapy Amid Lengthy School Holidays
British Fishing Vessel Seized by France Fined €30,000
Dutch Government Collapses Amid Migration Policy Dispute
UK Commits to 3.5% GDP Defence Spending Under NATO Pressure
Germany Moves to Expedite Migrant Deportations
US Urges UK to Raise Defence Spending to 5% of GDP
Israeli Forces Intercept Gaza-Bound Aid Vessel Carrying Greta Thunberg
IMF Warns of Severe Global Trade War Impacts on Emerging Markets
Low Turnout Jeopardizes Italy's Citizenship Reform Referendum
Transatlantic Interest Rate Divergence Widens as Trump Pressures Powell
EU Lawmaker Calls for Broader Exemptions in Supply Chain Legislation
France's Defense Spending Plans Threatened by High National Debt
European Small-Cap Stocks Outperform U.S. Rivals Amid Growth Revival
Switzerland Proposes $26 Billion Capital Increase for UBS
×