Sun's top brass get golden parachutes... As top Sun execs get ready to deploy their golden parachutes as Oracle prepares to devour the company for a mere $5.6bn in July, someone is about to make a killing on T-shirts. Paul Humphreys has reminded everyone in his blog at Sun about Network, a faithful hound who got things for you when you needed them and who was for a …
I love watching these old big dogs fall. The execs run off with cash and the employees are left running for whatever they can fall into, the real american way.
If only Sun would outsource, or outsource more (sorry don't own any sun equipment) then perhaps the company would of been more viable.
byebye
Define "viable". Sun's annual reports for 2008 (http://www.sun.com/aboutsun/investor/annual_reports/sun_ar08.pdf) show net income for 2008 of $403m on sales of $13b. That's a damn site more viable than SGI which is still an independent company. The USA has a very short sighted view of companies; no company can grow qtr on qtr for ever. Its mathematically impossible.
"no company can grow qtr on qtr for ever". Wall St doesn't deal in single companies, or enven the whole industry for that matter. Tech companies are just cannon fodder for the Wall St machine. Suck out the juice and spit out the pips.
Watch how companies like Intel act so irrationally: buying a company one year then selling it off at a huge loss the next, expanding into a new area one year, then shedding and "focusing on core competence" the next. Outsourcing one year, then closing offshore factories the next.
These companies don't act this way because the CEO has ADD. No, they're responding to the latest Wall St fashion trends. If you don't, for example, outsource when it is all the buzz on Wall St then you're going to get slaughtered at the next shareholders' meeting regardless of whether the strategy makes sense for your company or not. It keeps your stock trendy.
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