Lawrence J. Ellison, the chief executive of Oracle, ridiculed Hewlett-Packard’s directors  for forcing the resignation of the H.P. chief executive, Mark V. Hurd.

We all owe a debt of gratitude to Ellison, for his attempt to defend a fellow CEO and friend is an abject lesson in why large corporations have to be watched carefully. Too many of them are run by those like Mr. Hurd, who believe that making his company lots of money entitle him to break rules and cut corners in ways that their companies tells their subordinates are violation of company policy and business ethics. And far too many board members of big corporations are like Mr. Ellison, not only excusing this attitude, but endorsing it. Continue reading →