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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?"

12 of 152 comments (clear)

  1. Money by msbsod · · Score: 5, Funny

    CFO's earn so much that 9 months are enough for the rest of their life.

  2. CFO shuffle? by ral315 · · Score: 5, Funny

    "What's with the CFO shuffle at Oracle?" We didn't mean to cause any trouble; We're just doin' the CFO Shuffle.

  3. Dirty Kitchen by Deathbane27 · · Score: 5, Funny

    I imagine Oracle's financials are like a messy kitchen. Cleaning it doesn't sound like too bad of a job until you actually walk in and see it... Yes, I live in a bachelor pad.

    --
    If it ain't broke, it needs more features!
  4. 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.

  5. Life at Oracle by Anonymous Coward · · Score: 5, Interesting

    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

    1. 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.

    2. Re:Life at Oracle by Anonymous Coward · · Score: 5, Interesting

      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.

  6. Comment removed by account_deleted · · Score: 5, Funny

    Comment removed based on user account deletion

  7. Guilt by lucm · · Score: 5, Interesting
    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.

    --
    lucm, indeed.
  8. Error in article. by Anonymous Coward · · Score: 5, Funny

    > You was CFO for 9 months

    What? No I wasn't.

  9. Larry by Anonymous Coward · · Score: 5, Funny

    For some reason the CFOs have found it disturbing that Larry expects them to cut off their pinky if there are profit warnings :)

  10. Oracle CFO Leaves after Four Months of Service. by cgenman · · Score: 5, Funny

    Oracle CFO Leaves after Four Months of Service.

    He must have finally gotten a database up and running.

    --
    The ______ Agenda