News Byte

Mark Hurd Appeals Order to Release the Fisher Letter

Oracle President Mark Hurd has appealed a ruling by a judge in Delaware ordering the public release of a redacted version of the letter that brought an end to his tenure as CEO of Hewlett-Packard, according to Bloomberg News. On March 17, Delaware Chancery Court Judge Donald Parsons Jr. ordered HP to release the letter as part of an ongoing shareholder suit against that company. Hurd’s lawyers have appealed to the Delaware Supreme Court. Hurd has argued that the letter, which contains contractor Jodie Fisher’s allegations of sexual harassment, is personal.

CNET and Jana: The Battle Drags On

In another micro-move in the fight between activist shareholders and CNET, the Delaware Supreme Court given the thumbs up to a lower court ruling that the Jana Partners group can nominate a slate of directors to the board of San Francisco-based tech news and reviews site. CNET has been fighting these efforts by Jana–along with Sandell Asset Management, Alex Interactive Media, Spark Capital and Velocity Interactive Group–to nominate two director and expand the board and add more of their own nominees–claiming it was contrary to its bylaw. Apparently not!
cnet