Movers and Shakers: Where Some of IT's Top Executives Are Going - Slide 2

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Mark Hurd was invited to leave the helm of Hewlett-Packard, and has been hired as co-president of Oracle and will report to Larry Ellison.

The move triggered a number of lawsuits. HP sued Hurd, claiming that his new position puts HP trade secrets and confidentiality agreements in jeopardy. In addition, numerous HP board members are facing a lawsuit from a private investor who claims the board essentially robbed shareholders by paying out a $40 million severance package to ex-CEO Mark Hurd. Another shareholder suit alleges mismanagement and breach of fiduciary duties.

Business First reports that according to global outplacement consultant Challenger, Gray & Christmas Inc. of Chicago, September 2010 was a tumultuous month for CEOs as the turnover rate surged to a four-month high. September CEO departures were up 17 percent from August and 5.7 percent from the same month a year ago.

John A. Challenger, CEO of Challenger, Gray & Christmas, says several factors are contributing to the turnover rate, including

“a volatile economy, an aging CEO population, a brighter spotlight on the CEO position and calls for more accountability on the part of corporate leadership.”

The technology industry was not immune from shakeups. We’ve compiled a list of the movements of some of IT’s big names.

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