Seattle newspaper for the People by the People

Tag archive

CEO

Mark Hurd 30 Years of Tech: The Story

Mark Hurd

In the business world, the name Mark Hurd has become well known over the last 30 years. Mark Hurd’s continued successes ever since he began as a field salesman for NCR Corp in 1980 have shown his dedication to hard work and self improvement. There are countless field salesman and low level marketing employees in the world of business. Many of them rise over time. Few, however, have risen to such great heights as Mark Hurd.

Part of what has made Mark Hurd so successful is his dedication to excellence and his ambition. The business world is a hard school to learn in, and technology business, in particular, is even harder. Success necessitates quick decision making and forward thinking to keep up with the fast moving and ever changing world of technology.

This post is about the co-CEO of Oracle. We have gather all the great information about him and his career from the Internet and wrote a well organized article.

Working with NCR Corp

Mark Hurd climbed the ladder at NCR Corp, rising from field salesman to positions of ever increasing responsibility and management. NCR Corp, formerly known as the National Cash Register, has been a US-based company specializing in computer hardware, software, and electronics. For a young man interested in business and technology, it was a perfect place to start.

By 1994, Mark Hurd had worked his way up to Vice President of Worldwide Marketing and Americas Professional Services Division for NCR Corp, a position which he held for 4 years. In 1998, Mark Hurd was promoted to Senior Vice President of Teradata Solutions Group. After 2 years he was named Executive Vice President of NCR Corp, and from 2000 on, Mark Hurd wore several different hats as one of the top managers of the corporation.

While serving as Executive VP, Mark Hurd was also the Chief Operating Officer of the Teradata Division and Global Leader in such fields as enterprise data warehousing, data warehousing services, and analytic applications. In 2001, he was named the president of NCR Corp, a position which he held until his departure in 2005.

In 2002, Mark Hurd began serving as COO of NCR Corp, with the responsibility of driving its business performance. This included performance in retail store automation, payment and imaging, financial self service, worldwide customer services, Systemedia and Teradata data warehousing. Mark Hurd was instrumental during this time in planning and carrying out strategies that maximized the operating efficiency and profits of NCR Corp.

Hewlett-Packard Career

From 2003 until his departure, Mark was named Chief Executive Officer, and he served as president and CEO for 2 years, completing a total of 25 years of service at NCR Corp. After leaving NCR Corp, Mark Hurd continued his success as CEO and president of Hewlett-Packard. After only one year at HP, he was named chairman of the board after the resignation of former chairman Pat Dunn.

Under Mark Hurd’s direction, HP increased its profits for 22 straight quarters, meeting Wall Street expectations for all but one of those quarters. The company rose to first in laptop computer sales in 2006 and first in desktop computer sales in 2007, a position which it held throughout his tenure. Mark Hurd also led the company to a 63% increase in revenue and a doubling of stock prices.

One of the most impressive feats that Mark Hurd accomplished while at HP was in the success of a merger that had begun before he even arrived on the scene. In 2002, HP negotiated a merger with computer company, Compaq, in a move heavily criticized by experts at the time. Carly Fiorina, the chairwoman and CEO before Mark Hurd, was unable to turn the combined company into a smoothly operating and profiting business.

When Mark Hurd arrived and took over the company, he managed to pull off what the increasing companies growth and revenue for over 30 years.

OpenWorld Events:
Mr. Hurd is a regular speaker at OpenWorld. This year, 2015, he is speaking about the future of cloud and forecasting its predictions. According to Diginomica, Hurd declared victory in the Cloud computing niche.

UPDATE: Mark Hurd continues with his success at Oracle in 2016. The company stock and cloud revenue is on the rise each quarters as he as done in the past with other companies. If you want to really get to know him I recommend this article by USAToday called “Meet the new co-CEOs of Oracle: Mark Hurd and Safra Catz.” Be sure to check that out on Google.

Seattle CEO Salaries On The Rise 2011

It’s true many of the top Seattle CEO salaries are up in 2011.  I find it amazing every time I hear someone complain about how bad their company is doing (as an employee) or why as a company they had to take a pay cut.  Internally I wonder if they really know what is happening and if they really know how companies operate.  Salaries are considered an expense so a 1 million dollar company that pays it CEO $950,000 then shares $40,000 for staff salaries and finally reports a $10,000 profit at the end of the year – doesn’t look or sound to profitable.  In reality the business (the CEO) are doing quite well.  Many hard working Americans are in this position.  If they have the courage to ask for a raise (they usually don’t know how much the top CEO’s are making anyway) they will be told “we simply don’t have the revenue” or “the company isn’t doing good enough for a raise”.   Unfortunately, those statements are true on paper.

This maybe hard to hear for many but the rich always win.  Do you want to not get screwed over in life?  Then make money and lots of it.  The more you make the less you pay in taxes,  the more free items you get, and simply an entirely better quality of life. 

It’s very true we as humans are products of our environments.  We are (or not in some households) raised on a type of religion and work ethic.  You are most likely a Republican or a Democrat because you were raised in that environment or around more of a certain type.  Many lower and middle class employees are programmed from early on to work their tails off making someone else rich 9-5 every single day.  The lower and middle class get pay day loans at 40% interests.  They are the largest consumers when it comes to cigarettes.  The rich politicians only keep cigarettes around because the tobacco lobby puts extra money in their hands and gets them elected.  Our system is setup this way and I’m not saying it is right – I am just saying what it is.

Lets take a look at some of the top Seattle CEO salaries many of which got big raises for poor company financial performance (on paper).

Intermec (Everett Washington).  They make bar code devices and scanners.  They lost money and their stock went down last year.  The CEO got a 69% raise to 3.5 million.

Motricity (Bellevue Washington).  The CEO (Ryan Wuerch) got a 300% raise.

Omeros (Seattle Washington).  The President/CEO (Gregory Demopulos) also got a 300% raise.

Finally Starbucks CEO Howard Schultz’s compensation for 2010 was 45% higher than in 2009.  He is one of the Seattle’s highest paid CEO at $21.7 million+. 

 

 

Go to Top