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Ousted Hewlett-Packard CEO gets job at Oracle
Topics: Contract, CorporationSoftware giant Oracle Corp. has tapped former Hewlett-Packard Co. Chief Executive Mark Hurd to be the company's co-president and a director on its board. Hurd, 53, resigned as head of HP, the world's largest computer maker, on Aug. 6 after a former contract worker for the company accused him of sexual harassment. HP's investigations found no evidence of harassment, but uncovered "violations of HP's Standards of Business Conduct" related to his expense reports, according to the company's statement announcing his departure. Hurd had been at the Palo Alto company for five years. At Oracle, Hurd will report directly to Oracle…
Read More5 Startup Legal Pitfalls You Need To Avoid
Topics: Contract, Copyright, Corporation, Limited Liability Company, Sole Proprietorship(Editor's note: Curtis Smolar is a partner at Ropers Majeski Kohn & Bentley. He submitted this column to VentureBeat.) Starting your business is an exciting time - one that's full of new beginnings and endless possibilities. As you focus on the big picture, it's easy to ignore the minutiae of organizing your company. But those details matter - and ignoring them can be hazardous to your company's health. In some cases, it can be fatal. There are plenty of pitfalls startups can fall into, but here are five of the most common - and most dangerous: Choosing the wrong entity…
Read MoreHere's The Real Problem With Labor Unions
Topics: 401(K) Plan, Bankruptcy, Contract, Management, OutsourcingAs everyone should know by now, my main concern with unions is specifically with public unions. While I do not care for unions at all, and never have, at least with private unions, someone other than corrupt politicians buying votes is bargaining at the other end of the table. In the case of public unions, if politicians strike a bad deal, taxpayers foot the bill. In the case of private corporations, if management strikes a bad deal, the company goes bankrupt, shareholders take a hit, or the jobs move elsewhere, as soon as the contract is up. Except in few…
Read MoreLinda MacMahon: "I Don't Think Regulation Is Necessary"
Topics: Bankruptcy, Contract, Goodwill, RiskLinda McMahon, who made the WWE a huge financial success, has her foot on her rival's neck. Lloyd Grove talks to the GOP upstart about her chances, dead wrestlers, and Mickey Rourke. Wrestling impresario Linda McMahon, the GOP Senate nominee in Connecticut, has been frequently misjudged by her adversaries. A few weeks ago, when one of her Republican primary opponents in which she was shown repeatedly kicking a ref in the crotch, he must have been surprised that she reveled in the image. "Somebody said to me the other day, 'We're going to get you some steel-toed shoes when you…
Read MoreAnalysts: YouTube will finally reach the promised land of profitability
Topics: Contract, MarketingYouTube remains one of the big question marks in Google's finances. Every time the Google-owned video supersite comes up, executives make vague statements about how it's not profitable yet, but could be soon. But it looks like that could change in 2010 - analysts predict YouTube will earn $450 million and finally turn in a profit this year, according to The New York Times. Of course, those are outside estimates, so they should be taken with a grain of salt. When reporting its earnings, Google doesn't offer any specifics about YouTube. But given the constant chatter about how the site…
Read MoreEmerald BioStructures Forms Deal
Topics: Contract, PartnershipEmerald BioStructures, the contract research firm in Bainbridge Island, WA, said today it has formed a new collaboration with Boulder, CO-based SomaLogic. The deal calls for Emerald to provide its expertise in determining precise crystal structures of protein targets on cells, so that SomaLogic can make specific "aptamer" drugs, and small molecules, that bind tightly with the chosen target. Financial terms weren't disclosed. But this is the second notable deal this year for Emerald, following a partnership with Cambridge, MA-based Forma Therapeutics. For more on the intriguing backstory of Emerald, check out this feature story I wrote back in May.…
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