Mark Hurd is "not planning" to vacate his position in the technology company Oracle just to become CEO for Microsoft.
Leaving the swivel chair of Oracle's CEO is far from what Mark Hurd had planned for the company. At least, not for sitting on another company's CEO's chair.
Following the August 23 announcement of Microsoft about Steve Ballmer's retirement, many names have popped out as his replacement. There's Steven Sinofsky, one of the most influential executives at Microsoft, include Alan Mullaly, chief executive of Ford Motors, Julie Larson-Green, Executive Vice-President of the Devices and Studios group at Microsoft, and Mark Hurd, CEO of Oracle.
Hurd admitted that he was contacted by Microsoft, but he is "very happy" working at Oracle.
When asked about how he would fix Microsoft's problems, Hurd told CNBC.com, "Microsoft needs to work on their own business."
Hurd, ex-chief executive of Hewlett-Packard, was responsible for upturning HP's fortunes through an aggressive cost-cutting program. Unfortunately, in 2010, he was charged with sexual harassment, in which he was eventually cleared of all charges that prompted him to step down.
Not a month after Hurd's resignation at HP, Larry Ellison, the chief executive of Oracle at that time, offered Hurd a job at Oracle, one of the world's biggest software companies.
Now, Oracle is doing fine. In fact, under Hurd, they were able to close a deal with British telecommunication, a telecoms giant in U.K., which will use its human resources "cloud" technology for its employees worldwide.
Though some analysts got upset with Oracle's revenue for the first quarter, Hurd disputed that Oracle has an increasing market share and that its profits are an "incline" not a decline.
Oracle is investing $5 billion yearly in research and development, mostly in cloud technology, which allows software to be kept on a web-based service.
Hurd told CNBC, "We are the only company in the industry with a whole suite of applications that run in the cloud."
"The real driver of the cloud is not pricing, it's the speed," he added.
