Oracle CFO Leaves after Four Months of Service

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?"

Comments

Re:CFO Leaving is bad news.

[Locke2005]

Or they want to leave before they get indicted. If a CFO leaves just before a quarterly report, it generally means he is resigning to avoid committing perjury by signing a report he knows to be false. I beleive this report was intentionally delayed also, which is further evidence that there might be statements in the report that nobody wants to sign their name to.

Life at Oracle

[Anonymous Coward]

Posting anonymously 'cause I still want a job...
I've been consulting for Oracle for a couple years now and I'm not surprised by this. I get reorg'ed every three months at the minimum, I can't count the number of managers I've had since I've been working here - most know my name only by my expense reports. Every so often my cell phone rings and the voice on the other end says "Hi, I'm ****, your new manager." Why would it be any different in the adminisphere?
I've worked for companies big and small over the years and while the job has its good points, the constant turnover isn't one of them

Re:Life at Oracle

[Anonymous Coward]

I left Oracle as a sysadmin after only 2 months on the job in their flagship datacenter. The entire organization from the top down is ruled by fear. Fear of the guy above you. I was in constant concern for my job the entire time, not because I couldn't perform, but afraid that I would do something politically wrong. And I was just a sysadmin!

It sucked, bigtime. Though they did have a crazy amount of servers and a whole buttload of technology.

Everything was to be feared, however.

Guilt

[lucm]

One just can't buy an Oracle database license. Accountants, lawyers and engineers must be involved to find out what insane amounts you will have to feed the monster every year. Basically, it's cheaper to have a SQL Server 4-processor license than hiring the experts required to calculate your Oracle yearly premium for the same hardware.

So my guess is that either the CFOs feel bad about selling incredibly overpriced products, or they just plain don't understand how the hell they can manage all these crazy contracts.

When Microsoft licensing is the low-cost alternative to your product, there is something terribly wrong.

Re:CFO Leaving is bad news.

[queenb**ch]

High turn over in upper management means:

1) Legal fears - criminal or civil

2) Another C-level guy that no one can stand

3) Company is tanking

My personal vote is for #2 and I suspect his initials are L.E.

2 cents,

Queen B