Well, it certainly helps to have friends in high places. Just a month after being invited to leave the helm of Hewlett-Packard, Mark Hurd has been hired as co-president of Oracle and will report to Larry Ellison, reports Barron's. You'll remember Ellison lambasted the HP board for ousting Hurd.
Hurd also will be a board member. Meanwhile, Charles Phillips resigned as president and director. Bloomberg reports Hurd will will serve alongside Oracle President Safra Catz.
IT Business Edge's Rob Enderle has mentioned Catz as a possible contender for Hurd's old job at HP, though he doesn't think she'd even consider it.
Though Barron's writer Eric Savitz reports Goldman Sachs analyst Sarah Friar is high on Oracle stock now, Gary Kaminsky writing for CNBC again warns to be leery of owning stock in companies where the execs are larger in stature than the company itself.