Boston, MA 10\/14\/2013 (wallstreetpr) –\u00a0Behind the successful cost cutting strategies at\u00a0Oracle Corporation (NYSE:ORCL) is the company\u2019s CEO Mark Hurd. For this reason, Hurd is admired beyond his company and one such admirer is Microsoft Corp. which is in the search for new CEO to replace Steve Ballmer who has announced intent to leave the company later in the year.<\/p>\n
Why would Microsoft be interested in ORCL\u2019s CEO? Well, the man is a cost-cutter and this makes a lot of business sense in the current slow economy in the cutthroat tech industry. Another thing is that Hurd is a hardware man of repute and for Microsoft that has taken a huge plunged into hardware business the ORCL CEO is more like an asset.<\/p>\n
Just in case Hurd leaves ORCL for another corporation, like Microsoft in this case, ORCL would be greatly disadvantaged.<\/p>\n
At $154.62 billion in market value, ORCL has had very encouraging performance under Hurd, gaining a spot in the \u201cbuy\u201d territory recently. The company\u2019s shares have recovered from a year\u2019s low of $29.52 to race between $32.89 and $33.35 as per the Monday\u2019s trading.<\/p>\n
The company has also had good figures for its quarterly results and analysts are already putting high premiums on its future. It means that if Hurd leaves ORCL offices for another company, the former employer might have a lot of transformation to adapt to the exit.<\/p>\n
It is not that Microsoft is only chasing to have Hurd at its helm, now that it has acquired the hardware component in Nokia. But Hurd is just among a number of CEO mentioned among possible candidates for the top job at Microsoft. In this case, it\u2019s more of a case of a fisherman spreading the net wide to catch the industry\u2019s cutting edge executives.<\/p>\n
ORCL is a reputed provider of enterprise software and computer hardware services and products. The company which boast 120,000 workforce is organized into three businesses; hardware systems, software and services.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 10\/14\/2013 (wallstreetpr) –\u00a0Behind the successful cost cutting strategies at\u00a0Oracle Corporation (NYSE:ORCL) is the company\u2019s CEO Mark Hurd. For this reason, Hurd is admired […]<\/p>\n","protected":false},"author":32,"featured_media":10056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[2948,1300,2947,894],"stock_ticker":[],"class_list":["post-10055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-nyseorcl","tag-oracle-corporation","tag-oracle-corporation-nyseorcl","tag-orcl","entry"],"acf":[],"yoast_head":"\n