What's happening with the stock? oct 1st was 51.80$ now is 47.40$ , a whopping -10% in 10 days!!!!!
Is it possible they already finished the buyback funds? Really? Less than 2 months.... There must have been a flooding of sell covered by buybacks.... ouch. I hope the stock stabilizes otherwise this can only means more layoff to maintain profitability....
"Tech sector in New York in general took a big hit. Then the Asian markets followed. Nothing particularly related to ORCL relative to everything else."
This could be the beginning of a long ride down for everyone, especially stocks with currently high P/E ratios,
"This is why, for me, options are not a motivator because (a) when they vest they could actually be worth zero, and (b) they don't compound like a salary award would."
Didn't you get a choice between options and RSU's?
Tech sector in New York in general took a big hit. Then the Asian markets followed. Nothing particularly related to ORCL relative to everything else.
This, this, this......stock options do not contribute in any significant manner to the compensation of the average employee. It’s like handing you a lottery ticket, saying it will payoff, but you end up paying for it over and over with no reward.
As an employee with a small number of share options priced at around $40 this is more like a 40% hit on the value of my options.
This is why, for me, options are not a motivator because (a) when they vest they could actually be worth zero, and (b) they don't compound like a salary award would.
I'm poorer as time goes on because of the effects of inflation on my take-home.
Look at what the overall market did you stupid @$$.
I'm shorting ORCL and I'm an employee!!!
FWIW, the NASDAQ index dropped 8% in the same time frame.