Doh!
Someone will be finding a pink slip in their pay envelope......
Once again, Oracle's co-CEO Mark Hurd was in a prognosticative mood during his OpenWorld keynote, but the crowd of attendees wasn't buying it. As he did last year, Hurd made some predictions as to where the industry was going on cloud computing by the year 2025, including that two companies would control 80 per cent of the …
"CEOs who want to keep their jobs will have to go to the cloud, Hurd predicted, since it's the fastest way to cut costs and grow revenues. The average CEO lasts 18 quarters in the job, and 40 per cent of them are fired in the first 18 months, he said, because they can't grasp this."
I suspect CEOs who put all their eggs in one basket will probably take the company down with them.
I suspect CEOs who put all their eggs in one basket will probably take the company down with them.
"Since you took over as CEO this company has lost 87% of its value, the DOJ has brought no less than thirty six charges against us, employee suicide rates have gone up by 862% and there has been a mob of over 1700 people outside our headquarters that have been protesting against you specifically for over three months! You're fired! Take your $207 million in severance and get out!"
First it's getting its ass handed to it on a plate by Google in court after chucking its weight around, now its blabbing its going from zero market share to toppling AWS the leader in front of a live audience capable of telling it like it really is.
Here's humble Mr Ellisons answer to Steve Ballmer ridiculing the iPhone. This is why you have zero market share, asshole, and watching your desperate scramble to catch up is hilarious.
I had a quick look on Wikipedia to see what Mark Hurd had done, and it looked to me like he made some shareholders a bit richer by sacking some of the workers then sexually harassed someone.
I wouldn't listen to any advise he might give about tech, I'm not sure he even understands any of it.
I worked at HP during his time as CEO.
He was so good at it that when he left most of the HP professional workforce was gone. We used to call him Mark Turd.
Nothing that this man says will ever happen, he is a cheat and knows nothing about technology.
With him its all about little savings that look good on paper, but are devastating in reality.
Why HP failed: Carly, Turd, Leo.
Note: Meg actually had some good ideas, but by the time she got to be CEO HP was already dead.
The trick is to never-ever admit to any wrongdoing or fault. Sounds simple, but most of us have a natural reflex called conscience.
But rest assured - it's not just execs that move around from company to company like a Grass Hopper plague (they usually bring their buddies along).
I know plenty of "corporate passengers" that do the same in the mid-management level. The difference between the Grass Hoppers and the Corporate Passengers is that the Grass Hoppers are so greedy they consume as much and fast as possible even to the detriment of the company. The Corporate Passengers just try to go as long as possible for their incompetence to go unnoticed and hope for a redundancy payout at the end.
And finally there are the guys on Golden Parachutes who get put on "Special Projects". They're essentially dead weight but they've been around since the beginning and no manager wants to make the unpopular decision to let them go. That's like one of those lottery wins where you don't get a lump sum, but about 10.000$ each week for the rest of your life. - Or until the company finally wants to hand out a massive separation payment.