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Oracle CFO Leaves after Four Months of Service

Posted by CowboyNeal on from the hot-seat-too-hot dept.

An anonymous reader writes "Oracle's CFO and Co-President Greg Maffei has quit. He will be succeeded by Safra Catz, who has been with Oracle for a while, and it will be interesting to see how long she lasts. Before Maffei, Harry You was CFO for 9 months, and before him was Jeff Henley. What's with the CFO shuffle at Oracle?"

5 of 152 comments (clear)

  1. Whoa, that's two in a row! by Spy+der+Mann · · Score: 1, Informative

    The AOL founder quit, too!

  2. Re:CFO Leaving is bad news. by canuck57 · · Score: 2, Informative

    When the CFO leaves, it's usually because they think they're in a sinking ship.

    No fooling, it is not a good sign. See NorTel .... when CFOs leave early it is not good. When they have been there awhile and get a better offier this is good.

    So the question is how far will the stock drop... -0.28 (2.24%) for the day... bet more is to follow.

  3. Re:Life at Oracle by gentlemoose · · Score: 5, Informative

    I was with Oracle for 5 years. As I'm no longer with them, I don't fear for my job. AC up there, however, as an Oracle consultant, good call.

    Oracle reorgs its stovepipes annually, and there are divisional and departmental reorgs that shake out for months at a time in the aftermath of the larger reorgs. It happens. No big deal.

    Safra, I encountered once. Not.the.most.pleasant.experience.of.my.life.

  4. Re:CFO Leaving is bad news. by khallow · · Score: 4, Informative

    He spent 7 years at MS and 5 years as CEO of 360networks which tanked (he took it through bankrupcy court. So he doesn't have a flighty record or a record of bailing out when the going gets rough. If I were an Oracle shareholder, I'd want to know why Oracle can't keep CFO talent.

  5. Re:CFO Leaving is bad news. by Nutria · · Score: 3, Informative

    MSFT is a sinking ship, but it's a vastly, hugely, mind-bogglingly big ship that will take an equally long time to sink -- long enough that it might end up being repaired before it's too late. :P

    I love Linux just as much as the next guy (and has been my only home desktop for 5 years), but unlike DEC & Sun, MSFT's revenue keeps on increasing at an incredible pace.

    When they have flat (not declining, but flat) revenues for 3 straight years, then I'll believe that it's sinking.

    http://finance.yahoo.com/q/is?s=MSFT&annual
    http://finance.yahoo.com/q/bs?s=MSFT&annual
    http://finance.yahoo.com/q/cf?s=MSFT&annual

    --
    "I don't know, therefore Aliens" Wafflebox1