THE WINER AND DINER of a former soft porn star, Mark Hurd and his former employer HP appear to have come to an arrangement about him working for Oracle.
HP threw its toys out of the pram when Hurd went to work for its rival Oracle, claiming that he would kiss and tell Larry Ellison everything he knew about the maker of expensive printer ink.
However it seems that two weeks after the spat started it has mysteriously been resolved.
HP now says that Hurd will protect HP's private information, something that it claimed he could not do before.
In a filing with the Securities and Exchange Commission HP said it had modified its separation agreement with Hurd.
Basically he waived about half the compensation owed him and gave up his rights to the 330,177 performance-based restricted stock units granted to him in 2008 and 2009.
Most legal eagles claimed that HP didn't have much chance of winning the case in California and the matter was straining the business relationship between the two companies.
More than 40 per cent of Oracle's software runs on HP gear. Within hours after Oracle hired Hurd and HP sued him, Ellison warned that HP's actions threatened to derail the companies' longstanding partnership.
According to the New York Times Hurd would probably be prohibited from making decisions at Oracle that would allow him to use confidential information from HP. Though quite how this would be policed is another matter. µ
'Some of us like the misery'
That'll surely affect its credit score