At the end of every year, Oracle should open a secret balloting process for all its executives. For each executive, let his/her ALL direct and indirect reports to vote YES (he/she can stay) or NO (he/she should be fired). After the voting is over, the board and share-holders can decide on his/her fate.
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Democracy is good in government, but not so good in business. However, business relies on the intelligence of the leadership, and Oracle is missing that.
No democracy in China, yet they keep growing at double digits rates... I'd argue, less democracy, less distraction.
Those insights already exist with ratings of CEO’s various departments and culture......just check out Comprably.com
Try that with a pimp and his direct reports - similar business model where experience professionals are replaced with fresh ones.
The idea might be useful in other companies, but I think that Oracle's culture is so broken and corrupt that this could not possibly work here. It would just become a corrupt part of the process. The executive being rated would find ways to get their reports to vote for them, ways that are not good for the company. The reports would be afraid of voting freely as they can't trust whoever would be running the process. The executive would probably be able to find out who voted against him/her and retaliate. It wouldn't work at Oracle.
Disagree completely. What I believe is required:
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Leadership - not management;
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Vision AND Execution with sales and product
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Humility - when things are not right, fix them
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Alignment of accountability, responsibility and authority
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Clear GTM thinking against common and well-understood objectives (move to cloud is not)
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Caring for your employees - the good and the bad - being firm but fair
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Focus on your customers' needs - not your own desires
Democracy is not going to work (anywhere) - there's nothing wrong with an effective hierarchy
Skip reviews are useless arse-kissing events.
Lots of companies have upward skip reviews, 360 reviews, and various surveys about company direction and senior mgmt. requires a BoD that has minimum of competence. Non of this is of course happening at oracle. LE knows best!
Agreed, this is one of the stupidest posts yet. No wonder you got RIF’ed.
This is the dumbest thing I've read in years. You want a say? Go buy up the stock and then you can have a majority stake and do what you want.