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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?"

4 of 152 comments (clear)

  1. CFO Leaving is bad news. by catwh0re · · Score: 4, Insightful

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

    1. Re:CFO Leaving is bad news. by geekoid · · Score: 4, Insightful

      well, if they are trying to create deceptive profit reports, that would be a good reason a CFO would leave. It would also indicate a problem with the company.

      Not saying they are sinking, but don't just assume there not having issues. Everyone thought Enron was in good shape, until the very last minute.

      Now we have Sarbanes Oxley, a good reason for CFO to not look the other way.

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
  2. Not a good sign... by csmacd · · Score: 4, Insightful

    CFOs depart quickly because they see tyranical leadership, bad financial situation, or both. Sounds like there are some serious problems in Oracle's financial sector.

    --
    Don't pick up the pho*(@)$*@&@!@ NO CARRIER
  3. Up close and personal with Biker Spike by wintermute42 · · Score: 5, Insightful

    What's with the CFO shuffle at Oracle?

    Oh, nothing more than fear of doing jail time.

    Seriously, after Tyco, WorldCom and Enron, a CFO that is asked to support accounting that might be considered questionable bears some serious risks (as they should). The compensation just does not justify the risk of jail time. At least not for your typical CFO.