rtmark
LearnBonds.com

Mark Hurd Will Temporarily Be Unavailable as Oracle CEO Due to Health Issues

Oracle CEO Mark Hurd will be taking a leave of absence from the company because of certain health issues. He is one of the two CEOs of the organization.

Stocks drop post-announcement

Oracle has two CEOs- Mark Hurd and Safra Catz. Hurd joined Oracle from Hewlett-Packard in 2010. His responsibilities will now be taken up by Oracle founder and CTO Larry Ellison. The company didn’t mention what kind of health issues Hurd was going through, and when he will be available to join the company again. The news of his absence led to a slump in Oracle stock in extended trading.

Mark Hurd Will Temporarily Be Unavailable as Oracle CEO Due to Health Issues

The 62-year-old Hurd announced his time off from a job in a message sent to Oracle employees this Wednesday. He wrote, “Though we all worked hard together to close the first quarter, I’ve decided that I need to spend time focused on my health.” He also noted that his request has been approved by the board.

Oracle also decided to prepone its quarterly financials by a day. Catz held a conference call for sharing details of their quarterly results and noted that it made sense to share all news related to the company at once.

Hurd’s corporate past

Hurd was working for the NCR Corp. for 25 years and went on to become its CEO. He later joined Hewlett-Packard as CEO and remained there for five years. However, he had to resign from the company followed sexual harassment allegations from an independent consultant at the company. At the time, Ellison wrote a scathing letter for the HP board to the New York Times and said that they had made the “worst personnel decision” after Apple’s firing of Steve Jobs. He sharply objected the decision and said that Apple was nearly destroyed because of Jobs’ ouster and the man had to come back and save.

In 2010, Hurd joined Oracle as president and went on to become its CEO in 2014. He looks after consulting, marketing, sales, support and industry-facing business units of the company. Ellison wished the ailing CEO a speedy recovery and said that the company has a capable CEO in Catz, who is supported by the company’s team of executives.

Meanwhile, the company is preparing for its annual user conference, OpenWorld, to be held in San Francisco next week. Hurd stated in a press release for the event that the company has some “exciting plans” to reveal.

Trusted & Regulated Stock & CFD Brokers

Rating

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

Rating

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
Users should remember that all trading carries risks and users should only invest in regulated firms. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Avatar

Viraj loves to write and express his views on anything related to Finance, Crypto, or Fintech. He has been covering Finance & Crypto for more than five years now. He likes Tesla. He also writes on Healthcare, and Technology among other stuff.