HP had sued Oracle and its former CEO Mark “I did not have sex with that woman” Hurd after he was appointed to the database giant.
According to a filing turned in to the Securities and Exchange Commission, Hurd has given HP 345,000 of its shares back, worth approximately $12 million or more.
The Wall Street Journal claimed that charismatic Oracle chieftain Larry Ellison (pictured) called in Marc Andreessen, who is on HP’s board, to broker a settlement between the two companies.
It’s not clear exactly why HP decided to file suit against Mark Hurd – it does suggest that there’s more to all this than meets the eye. Hurd got his marching orders from HP over expenses, not because he had sex with that woman, whoever she is.