Mark Hurd didn’t waste any time after his unceremonious dismissal from HP before joining Oracle as the newest president of the database giant. And HP was equally quick in filing a lawsuit to block his hiring, claiming that he would inevitably divulge trade secrets that would breach his confidentiality agreement.
Now, the two companies have made nice, with HP resolving its lawsuit in a settlement that strips Hurd of millions of dollars in stock options. Datamation has the story.
Computing giant HP has settled its corporate tiff with Oracle, agreeing to a settlement to resolve its lawsuit over the hiring of outgoing CEO Mark Hurd.
HP (NYSE: HPQ) had sued over the appointment of Hurd as president of the database giant, claiming that he would carry with him trade secrets and other confidential information.