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COPYRIGHT 2005 Ziff Davis Media Inc.
What the hell is going on?
Harry You was in the role nine months. Greg Maffei was in the job four months. What's Oracle doing to its CFOs that makes them jump ship at this alarming rate?
Rick Sherlund is the financial analyst with the Goldman Sachs Group Inc. and author of a note, put out on Thursday, that launched the speculation around Maffei's departure.
That note consequently forced Maffei's hand, Sherlund said in a second note, put out on Friday. Maffei told Sherlund that his departure was "accelerated by reports of ours questioning his status at the company" and that he was as yet not quite ready to announce his new CEO role. Rumor has it the position is outside of software, though.
Maffei may not be talking dirt about Oracle--;Sherlund said that he seemed "quite eager and enthusiastic" about his new CEO role, wherever it is--;but analysts are happy to step in to do some analysis, given the wobbly nature of at least one part of Oracle's upper management team.
Of course, Larry Ellison's management style having been the prime mover...
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