severance package

Hurd’s Fall Cushioned by Big, Soft Pile of Cash

John Paczkowski in News on August 26, 2010 at 11:45 am PT

Ousted as Hewlett-Packard’s CEO, Mark Hurd understandably would prefer to look ahead, not back. And it’s a pleasant view, indeed, thanks to the big bucks he’ll make by selling off his large stake in his former employer. Insider-trading tracker Washington Service reports that on Monday, Hurd filed to sell up to 775,000 of his common shares.

Sun CEO: Parting Is Such Tweet Sorrow

John Paczkowski in News on February 4, 2010 at 4:30 am PT

Sun CEO Jonathan Schwartz was the first CEO of a Fortune 500 company to put up his own blog. Late Wednesday night, he became the first CEO of a Fortune 500 company to step down from that position via Twitter.

Exclusive: Sun CEO Set to Resign

John Paczkowski in News on January 25, 2010 at 11:53 am PT

If Sun CEO Jon Schwartz’s recent all-hands memo to employees had all the sentimentality of a farewell letter, it’s likely because he’s preparing to leave the company. Sources close to Sun tell me Schwartz will soon resign as CEO, leaving the company in the hands of new owner Oracle and its very profit-minded leadership.

Fiorina’s First Act as Senator: Merge California and Nevada

John Paczkowski in News on November 4, 2009 at 7:46 am PT

Her dreams of heading up the World Bank dashed, former Hewlett-Packard CEO Carly Fiorina, the architect of one of the worst tech mergers in history, has turned her attention to California politics. After months of speculation, she officially announced her candidacy for the U.S. Senate today.