HP SUES FORMER CEO

By Kent Berk on September 8th, 2010 in BLOG

The AP is reporting that HP is suing its former CEO to try and stop him from going to work for competitor Oracle. HP is alleging that its former CEO that it recently let go, could not work for Oracle without disclosing trade secret information and violating a Confidentiality Agreement that was part of the former CEO’s severance package. Apparently the two companies worked in unison for years (Oracle provided software for HP’s computers), but that relationship has somewhat changed since Oracle got into the server business when it purchased Sun Microsystems last year. HP and Oracle now compete in that line of business.