Hurd resigned from his position at HP after an investigation into a sexual harassment claim made by a former HP contractor. The company concluded that Hurd did not violate its sexual harassment policy, but the investigation nevertheless uncovered evidence that he violated its Standards of Business Conduct, including filing inaccurate expense reports.
Announcing his resignation, Hurd stated, "I realized there were instances in which I did not live up to the standards and principles of trust, respect and integrity that I have espoused at HP and which have guided me throughout my career."
The Wall Street Journal report says that Hurd will not replace Larry Ellison as Oracle CEO, but it didn't reveal any details about what his new job would be. Oracle and Hurd are still in talks, and the Oracle board has to approve his appointment, so something could still go wrong.