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I woke up this morning to hear that Mark Hurd – HP’s Toxic CEO resigns after a sexual harassment investigation.

[I] “realised there were instances in which I did not live up to the standards and principles of trust, respect and integrity that I have espoused at HP

Guess what Mark – you never did!

I suppose there’s a sense of vindication here, I always believed that Mark Hurd was not only the living contradiction of everything HP’s corporate values stood for, he was also the shining example of everything wrong with corporate America.

I would be jumping for joy if it wasn’t for the very real pain he caused for thousands of people, employees, former employees, families of employees, and local economies.

I’ve written everything I wanted to say about him in the following articles;

So, I’m pleased, really pleased, that he is gone, but, given that his predecessor, Carly Fiorina, was, and still is, an idiot, and, given the seemingly nefarious nature of big Corporate America, things don’t bode well for a successor.

Recommended Reading on this subject

Thanks to our friend at FuckYouMarkHurd.com, I noticed this book [note: affiliate link - I just like how they display ok.] which looks interesting. Sound’s like this could be the closest thing to being a “fly on the wall” witnessing all the shenanigans and sleazy going’s on behind the closed doors of HP’s boardroom over the past decade.

Anthony Bianco gets to heart of the ethical morass at HP that ended up damning the entire board that created it. Almost every American has an interest in how the country’s greatest corporations are run, and the character of the people entrusted with them. The story of Hewlett-Packard reflects power struggles that shape corporate America and is an alarming morality tale for our times.

I’m going to enjoy reading this one.

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The Tipping Point by Malcolm Gladwell

by Damian Saunders on February 23, 2010 · View Comments

The Tipping Point by Malcolm Gladwell first interested me when I was considering what exactly it is that makes something “go viral” or what it is when society suddenly changes direction. Obviously viral marketing is something we are keenly interested in with our business where we specialise in making our Customers business opportunities become reality.

The Tipping Point is that magic moment when an idea, trend, or social behaviour crosses a threshold, tips, and spreads like wildfire.
from The Tipping Point, by Malcolm Gladwell

The book is obviously well researched but at the same time an easy read with interesting anecdotal evidence, studies and situations that are easily related to and, therefore, fascinating. I knocked it over in a couple of days.

The Tipping Point discusses trends in the same context as a virus or epidemic. We’re introduced to the world of Connectors, Mavens, and Salesmen, concepts like the Stickiness Factor, the power of 150 and the power of Context. We find out why, or more importantly how, crime waves that have rocked a city for a decade suddenly stop, how unfashionable shoes suddenly reemerge as hip, and why teenagers still smoke.

I’m not sure that I’ve come away from reading this with any defined or tangible course of action but, at CogentAds we often discuss what kind of people we need to be in order to succeed, and even more the kind of people we need to employ going forward. Looking at scenarios in the book I’m inspired by some of the personality types, behaviours and subtle approaches marketing people take to identifying niche trends and then, in sometimes unexpected ways, get these trends into the mainstream.

Ultimately the Tipping Point makes it clear that small things can, and do, make a big difference. It’s inspiring and thought provoking. Good for stimulating your business strategy thinking. I recommend reading it.

Affiliate links were used in this post.

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Mark Hurd’s tenure as HP’s CEO continues to raise a passionate response. It’s almost one year since I wrote my original post about HP under Mark Hurd called HP Pay Cuts – an unfair act of economic opportunism and greed so with that, and approximately 1300 comments later, I think its fitting to round out the conversation with a look at HP’s SEC filing for 2009.

I have no intention of continuing to write about HP or Mark Hurd from this point on, all I’ve wanted to say has been said in previous articles, and I want to write about more interesting subjects. The HP, Mark Hurd situation is not an isolated issue, it’s symptomatic of a bigger problem with Corporations in general, and it will take a lot more than a few blogs from me to make any difference.

Lets have a look at the salient points of the SEC filing.

  • Mark Hurd, Chairman of the Board, Chief Executive Officer and President (the guy that makes the decisions, approves them and, supposedly, keeps them honest, all rolled into one), earned total compensation of $32, 332, 527 in 2009. When you look at it further it’s interesting to note this includes over $400,000 for 401k company matching, personal use of HP’s corporate jet, and security. Update: Also check out
  • Catherine Lesjak, Executive Vice President and Chief Financial Officer, earned total compensation of $7,585,775, including over $200,000 in 401k matching, security, and personal use of the HP Corporate Jet.
  • Ann Livermore, Executive Vice President, HP Enterprise Business, took home $13,424,406 in including around $184,000 in 401k matching, security and personal use of the corporate jet.
  • R. Todd Bradley, Executive Vice President, Personal Systems Group, $12,538,329 in his personal coffers including about $248,000 in 401k matching, relocation expenses, personal use of the company jet, and security.
  • Vyomesh I. Joshi, Executive Vice President, Imaging and Printing Group, a package of $11,644,691 including $183,000 odd of 401k matching, security services and use of the corporate jet.

Update: Mark Hurd also cashed in aproximately $11m in share options during 2009, check out Yahoo Finance HPQ Insider Transactions for the specifics. (thanks to a comenter on this post).

There we have it, Mark Hurd and four other people in HP took home $75,525,728 in 2009. Admittedly it was significantly less than the previous year, but if you consider the circumstances, and what they stooped to to "earn" it, it’s still questionable, which ever way you slice and dice it.

I invite you to read the SEC filing, it makes interesting reading in terms of the executive compensation in HP’s peer group of companies, and the "performance" based compensation scheme.

When I look at it I can’t see any real top line "performance" at all, just, in my opinion, a company that’s exploiting it’s employees, compromising Customer service through its best shoring program, and that has sold out on it’s corporate values, all for the sake of putting shareholders first.

I think it’s only a matter of time before people more significant than me start asking Mark Hurd hard questions about real growth, rather than the illusion caused by acquiring and consuming other companies. In the meantime we, as consumers and/or employees can vote with the two most tangible things we have, our labor, and our chequebooks.

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Mark Hurd, could he be America’s most toxic CEO?

October 31, 2009

Mark Hurd, could he be America’s most toxic CEO? I read a post titled The Campaign against Mark Hurd, a somewhat tongue in cheek article, with serious undertones, and I was thinking just that. If you′ve read my previous two articles on HP Pay Cuts and HP′s contribution to the GFC, you′ll know I′m no [...]

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Affiliate Marketing – If bullshit was music…

October 11, 2009

Affiliate Marketing is one of several revenue streams in our business, in fact it was the initial source of revenue that allowed us to get CogentAds off the ground, albeit with challenges, without seed capital. It comes with the territory that every day I’m bombarded by offers for this or that product, promising amazing income [...]

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Social Media, blowing the winds of change

September 5, 2009

Social Media, to me, is a nebulous subject, constantly on my mind because of the business I′m in, more importantly, how I choose to conduct my business and my life in general. When I traveled to New York a couple of weeks ago to attend Affiliate Summit my mind was swimming with thoughts about the [...]

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HP Pay Cuts – an unfair act of economic opportunism and greed.

February 26, 2009

Since when has making 1.9 Billion dollars net profit in a little over 12 weeks been a legitimate excuse to cut the salaries of hundreds of thousands of people world wide? I would suggest never in a million years, Mark Hurd has revealed his true colors with this one.

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Affiliate Elite, Review

November 11, 2007

Affiliate Elite Review, ok, now that I′ve figured how to open this post with my primary keyword, lets get started. I just got myself a shiny new copy of Brad Callen′s Affiliate Elite software. If the twenty three page long sales letter (a brilliant and finely crafted example, designed to mesmerize you into a semi [...]

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