Oracle boss Larry Ellison was uncharacteristically lost for words, after Hewlett-Packard hired ex SAP CEO Leo Apotheker as its new chief late last week. But the silence didn't last long. “I’m speechless,” he told the Wall Street Journal, before quickly sharpening his tongue and adding that HP had selected a man “who was recently …
Board? resign? In any UK or US company?
Division by zero error... does not compute... does not compute... does not compute...
The company may be run into the ground through incompetence, all assets will be embezzled outright by management, but the company will soldier on none the less with the board awarding themselves more rewards.
Let's face it, "board resignation" does not happen in todays incestuous corporate world. So much for capitalism being "self regulating" I guess...
But it IS self regulating
That's the meaning of "running into the ground" innit.
And if the shareholders are asleep at wheel or are as uninterested in the company as a in a roulette ball - well, what are you gonna do?
Of course, if it gets real bad, a quick call will ensure a speedy "bailout" because "we are too big to fail" and "the social climate must be saved" and trade unions must be placated or some such stupidity.
Larry, Larry, Larry ...
Think calm thoughts. It'll do your blood-pressure good.
All together now ... "Ommmmmmm ..."
Could it be ...
... that Larry is worried by something?
Surely if Leo is so bad, this is an opportunity for Oracle to grow at HP's expense? Or maybe there was a 'friendly' insider that Larry was pinning his hopes on ...
Paris ... cos she knows all about friendly insiders!
Winding up Crazy Uncle Larry
Is a pastime of which I heartily approve!
Larry thinks Hurd was better?
All Hurd knew how to do was have mass layoffs for the folks who did stuff and give huge bonus money for those that did not.
Apotheker was a good choice, why would Ellison worry otherwise. Not that this is of any bother for me, still it is good if no company gets just too big.
Would you let Larry drive your daughter to school?
English libel laws prevent me from completing this post
Meanwhile, in unrelated news, Sun/Solaris heavy sites are still madly seeking alternatives to their former favored hardware choice after months of The Silent Treatment followed by Operation: Big Talk by Larry Ellison. Suggestions that Lord Ellison is in a greenhouse/ballistic rock situation were shrugged off by the great man as "groundless".
I've had to sit through interminable and recrimination-packed meetings on what we'll buy instead of the near end-of-service-life Sun machines we have in our server room and which O/S we'll run on whatever it is once we've bought it, and for that I curse Ellison and all his issue.
Oracle? Sun? A plague on both their houses! Which are really the same house, so that's a double plague on it (or perhaps two different yet simultaneous plagues; I'm not really sure).
Power to the People
it has done wonders for our shop and we could care less about the demise of sparc
Board's frequently resign en-masse
Umm... boards frequently resign en-masse. Especially, in the US. Board members can be sued for breach of fiduciary duty. If you are a public company, the company is expected to maintain a insurance policy for each board member to protect them from lawsuits. I was at a public company, that due to an administrative issue during transfer of the policy to a new company, was planning to operate without a policy for a week. The entire board was going to resign on the spot, because they wouldn't be members for even one day without insurance.
It is just too easy to start a lawsuit. If the board insurance goes away, or the expected liability of an "issue" exceeds the policy, the entire board is gone.
BTW, the board is liable if management embezzles the assets. The management too. And it is probably a criminal offense. I'm aware of this happening in any large US public company's. But again, in the US, CEOs and CFOs of public company's can and do go to jail for serious offenses.
The real reason Oracle needed Sun?
Because when you go to war against the neighbour kids, it's no good if they're throwing large metal objects and all you've got for ammo is a few books and CDs.