“There’s a deep bench there and a lot of talent in that organization,” Fitzpatrick said. Sometimes more information is good,” Jack Andrews, an analyst at Needham & Co., said in an interview. Some of us will miss his friendship and mentorship. Oracle Chairman Larry Ellison announced Hurd’s death in an online post Friday. For more than a year, Oracle has conducted layoffs and reorganizations in various business units. Mark was my close and irreplaceable friend, and trusted colleague. Oracle confirmed his death Friday, but gave no cause. Their opinions vary, from viewing his health as a private matter to wanting Oracle to be more forthcoming. What really happened between HP ex-CEO Mark Hurd and Jodie Fisher? Oracle Corp. said Chief Executive Officer Mark Hurd is taking a leave of absence for unspecified health-related reasons, disclosing the move along … He also hired Rupal Shah Hollenbeck, a former sales and marketing executive at Intel Corp., to bring a new perspective to the marketing team, the people said. The usually outgoing executive oversees sales, regularly meeting with big corporate customers who spend tens of millions of dollars on Oracle’s collection of software programs.
When she was Oracle’s chief marketing officer, Judy Sim gave employees a variety of reasons for why the CEO missed events or appeared to be ill. Sim, who is now Hurd’s chief of staff, has said that he was battling the flu and on separate occasions that a hernia was responsible for his changing appearance, including weight loss and hair that appeared to be a toupee, people familiar with the matter said. "All of us will miss Mark's keen mind and rare ability to analyze, simplify, and solve problems quickly. It’s not clear what role, if any, Hurd’s health played in the decision to shuffle oversight of marketing, and Ellison asserted control over that group at a time when he thought his company’s brand image had languished, the people said. "Oracle has lost a brilliant and beloved leader who personally touched the lives of so many of us during his decade at Oracle," Ellison wrote. Reynolds may have been in the closet about his toupee for years, but when he filed for bankruptcy, his unsettled accounts included $121,796.62 owed to Edward Katz Hair Design. That was the case with banking leaders Jamie Dimon, of JPMorgan Chase & Co., and Lloyd Blankfein, of Goldman Sachs Group Inc., who were both treated for cancer while serving as CEO.“The default position for a company whenever any senior executive is facing health issues should be to disclose, because it is something investors need to know when they assess a company,” said Hurd and Catz have been navigating Oracle through a critical time, with sales growing modestly since they became CEOs in 2014 and still hovering at just under $40 billion a year. Bloomberg News initially contacted Oracle concerning this story on Tuesday. C.T. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. I will miss his kindness and sense of humor. Would it be nice to have that clarity? “The lack of transparency and clarity is a cultural thing at Oracle probably set at the top by Larry Ellison. I know that many of us are inconsolable right now, but we are left with memories and a sense of gratitude…that we had the opportunity to get to know Mark, the opportunity to work with him…and become his friend.Got a confidential news tip? A spokesman for Mark Hurd was not immediately available for comment.
"Mark did a brilliant job at HP and I expect he'll do even better at Oracle," Ellison said in a Four years later Hurd and Catz, were named as Oracle's CEOs and Ellison became chief technology officer. The company declined to comment or make any executives available. The jet turned around and Hurd canceled his appearance at a Bloomberg Live event. Oracle Corp. said Chief Executive Officer Mark Hurd is taking a leave of absence for unspecified health-related reasons, disclosing the move along with quarterly earnings on Wednesday afternoon.Even so, Hurd’s well-being is hardly inconsequential to Oracle’s business.
HP concluded that although Hurd had not violated the company's policy on sexual harassment, he did fail to comply with its standards.In a letter to Hurd, lawyer Gloria Allred described his meetings with Oracle contractor Jodie Fisher in various cities and said he had made undesired advances to her client. Oracle co-CEO Mark Hurd, who led two Silicon Valley giants, has died at 62. Oracle said the executive had a stomach-related illness. In an email obtained by CNBC, Oracle Chairman Larry Ellison informed employees that Hurd had died early in the morning.
Some investors say they’re confident in senior management despite some speculation over the last year that Hurd was unwell. His father was a financier, according to the Financial Times, and his mother was a physician's daughter, according to Fortune. Ellison tasked his chief of staff, Mamei Sun, with a skunkworks project on how to rebrand Oracle in the summer of last year, people familiar with the matter said. Yes.” At the same time, Andrews sees Hurd as less “integral” to Oracle’s fortunes than Ellison or Catz.Though Ellison, 75, shifted some of Hurd’s responsibilities in the past year, Hurd had retained management of Oracle’s sales organization, industry-based software groups, one marketing team with a narrow product focus, press relations and investor relations, people familiar with the matter said.
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