Now Oracle jumped into my mind again by hiring Mark Hurd. As this article points out, it's an astute move. Hurd comes from HP, a main competitor. And even though many decry executive salaries and bonuses, executives like Hurd are prime examples of why they're so valuable to companies. Hurd has made a career leading huge companies, jockeying for market share, and commandeering change within typically stagnant organizations. Oracle saw a market inefficiency after Hurd's suspect expense accounts and subsequent resignation from Hewlett Packard. It's that take-no-prisoners attitude that drove Oracle to #105 on the latest Fortune 500, and what will continue to drive their growth. Kudos!
Saturday, September 11, 2010
Hurd and Oracle
I first become aware of Oracle when my dad sent me an article on Safra Catz, CFO and one of Larry Ellison's lieutenants. I immediately fell in love all three: Oracle, Catz, and Ellison. They worked hard, though hard, and were ruthless in the expansion of their business. Hostile takeover after hostile takeover diversified their core business and poached potential competition.
Labels:
Larry Ellison,
Mark Hurd,
Oracle,
Safra Catz
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