Thread regarding Oracle Corp. layoffs

TK &.LE @ Odds (Fired but called Leave...”2 Wks later” TK is out)

“We support the notion of increasing Oracle support for other clouds,” Brad Reback, an analyst at Stifel Nicolaus & Co., wrote in a note on Wednesday. “Given the lack of meaningful capex investments and limited traction to-date, we are not convinced Oracle can catch up with” Amazon, Microsoft and Google, he wrote.

https://finance.yahoo.com/news/oracle-product-chief-thomas-kurian-220054828.html?.tsrc=applewf

Kurian received a compensation package worth almost $36 million last year, according to regulatory filings. He doesn’t have an employment contract at Oracle and won’t receive severance if he quits or is fired. He currently holds unvested equity awards worth at least $40 million, filings show.

https://www.bloomberg.com/news/articles/2018-09-12/oracle-s-kurian-is-said-to-take-leave-amid-discord-with-ellison

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| 2960 views | | 14 replies (last ) | Reply
Post ID: @OP+Vp45FEY

14 replies (most recent on top)

I vote for TK and everyone else involved in cloud fraud to pay back ill gotten gains and be banned from the industry.

Sounds great, wish it could happen.

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Post ID: @3dcn+Vp45FEY

I vote for TK and everyone else involved in cloud fraud to pay back ill gotten gains and be banned from the industry.

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Post ID: @2xqb+Vp45FEY

I'd vote for fired.

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Post ID: @2ogr+Vp45FEY

He was fired. What else are HR going to advise ORCL and LJE to say just before an earnings announcment and OpenWorld.

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Post ID: @1viw+Vp45FEY

George K is the CEO of NetApp (storage company) and not NetSuite (SaaS company) .... NetSuite got acquired by ORCL and LE was the majority holder before the acquisition ;)

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Post ID: @1yur+Vp45FEY

TK BUTTED HEADS W LE.

TK isn’t an officer of the co, so he’s not accountable. The three numb nuts ARE.

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Oracle Corp. executive Thomas Kurian’s leave of absence, disclosed last week, stemmed from differences with co-founder Larry Ellison over the software maker’s cloud business, according to people familiar with the matter.

The growing strife between Kurian, president of product development, and Executive Chairman Ellison culminated in Kurian’s announcement on Sept. 5 that he’s taking a break, said the people, who asked not to be identified discussing a private matter. Kurian wants Oracle to make more of its software available to run on public clouds from chief rivals Amazon.com Inc. and Microsoft Corp. as a way to diversify from its own struggling infrastructure, a view opposed by Ellison, one of the people said.

Kurian, 51, has spent 22 years at the world’s second-largest software company, playing a key role in its product management and development. He reports directly to Ellison, while Chief Executive Officers Safra Catz and Mark Hurd report to Oracle’s board, led by Ellison. Kurian climbed through the ranks of the Redwood City, California-based company by spearheading products that accelerated sales growth. But it’s been a tougher slog in infrastructure, the base layer of cloud computing and storage services, where Oracle hasn’t gained much traction against Amazon Web Services and Microsoft’s Azure.”

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Post ID: @1pnf+Vp45FEY

I love the quote from the analyst at Stifel Nicolaus & Co - “Given the lack of meaningful capex investments and limited traction to-date, we are not convinced Oracle can catch up with Amazon, Microsoft and Google." This guy is really going out a limb! :)

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Post ID: @1tri+Vp45FEY

I was under the impression that TK's twin brother is the CEO of NetApp, not NetSuite.

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Post ID: @dkx+Vp45FEY

George of Net Appsuite and that guy with middle name LE at Appsuite

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Post ID: @hao+Vp45FEY

May take a few years to dismantle the hierarchy that TK left behind; it was deep and wide many levels down the tree

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Post ID: @xkl+Vp45FEY

Yeah, he was fired. The problem was that it was before earnings call and they had to make up sh--.

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Post ID: @dqr+Vp45FEY

remember all... his twin still is owned by oracle..the 'George'...of NetSuite:""

there is always backdoor ! ..strategy for TK to comeback..

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Post ID: @lmi+Vp45FEY

Yes, I think the cloud undertaking was his Waterloo. ;-)

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Post ID: @gmh+Vp45FEY

C'mon, everyone knows he was fired. The old "X is leaving the company to spend time with his family" and other euphemisms have been around forever.

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Post ID: @uml+Vp45FEY

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