"was terminated because of her failures to meet the requirements of her role" - requirement number 1 - bump up the sales figures - doh!!!!
Oracle has reached a settlement with a former finance manager who alleged she had been fired for refusing to follow what she believed to be unlawful accounting practices that bumped up the IT giant's cloud numbers. In a filing [PDF] on Wednesday, the District Court of Northern California was told the dispute between Oracle and …
Yeah, that was my firs thought. Shame you beat me to it...
All of the traditional (some would say legacy) companies are doing this sort of thing. Try making heads or tails out of the "cloud" numbers coming out of Oracle, IBM, SAP, Microsoft, etc. They all include on premise software and more traditional revenue... the "private cloud" as VMware calls it.
I did not lie
'fingers crossed behind back'
And since it was settled out of court, that means that they are guilty as hell and gave her a payout to keep it quiet.
More likely afraid of investor civil suits if enough details got out to show Leisure Suit's minions were goosing the numbers a little much. The burden of proof in a civil suit is lower than a criminal case so the minions could get hammered financially even if criminal case is never filed.
Or it could just be that both sides decided that there was no benefit to further enriching the lawyers.
All of the traditional (some would say legacy) companies...
I'm not sure I agree WRT Microsoft - they count Office 365 and Azure which, when I checked, are bonefide Cloud services.
Re: All of the traditional (some would say legacy) companies...
In the beginning at least, Microsoft counted Office 365 licenses bundled with standard office licenses. Essentially, they told customers they were giving the Office 365 for free with the standard office (and you couldn't refuse), but then counted part of the sale for cloud services.
Pretty sure Microsoft's numbers are for Office 365 and Azure...
Re: cloud numbers
Their "intelligent cloud" numbers include Windows Server licenses.
I said it before...
Defend vigorously - pay quietly.
It seems that HR and legal exist for the sole purpose of covering up the incompetence of middle management.
So if this is potentially illegal accounting practices why aren't one of the SEC, DoJ, IRS all over this?
Where should the buck stop ?
Surely anywhere other than the very top would be wrong. It is Larry who sets the culture and is the one who could change it.
However: it seems accepted that those working in corporations can lie and get away with it. It is not just politicians who lie, although maybe that is the reason why nothing is done about it.
Isn't there some law against bumping up sales figures? Isn't that FRAUD?? Can shareholders sue for that??
Hush now baby don't you cry
Here's some money to say bye bye.
Please define "Cloud"
I have worked for a couple of large players and been a Business Partner of a couple of others. The definition of cloud is so nebulous that it is very much what you want it to be. GAAP/IFRS provides clear accounting standards for things like "Assets". Hopefully, in the not too distant future, we will get clear definitions of Cloud so that we can compare results between quarters and between companies.
"The definition of cloud is so nebulous"
Surely you meant the definition of nebulous is cloudy?