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Oracle whistleblower suit raises questions over cloud accounting

91 pointsby danielcondealmost 9 years ago

5 comments

jonduboisalmost 9 years ago
It&#x27;s horrible how large companies always try to frame whistle-blowers as &#x27;disgruntled employees&#x27; and use the media to publicly shame them and make them unemployable.<p>An employee who was fired (for whatever reason) is always going to be much more likely to blow the whistle than a happy employee who is still receiving pay cheques from their employer.<p>Just because someone was fired doesn&#x27;t mean that there is no substance behind their claims. Also, &#x27;poor performance&#x27; is highly subjective... Maybe Oracle was looking a very specific kind of &#x27;performance&#x27; which was outside of the legal&#x2F;ethical boundaries of that employee.<p>Regarding the Oracle cloud sales not doing well, this isn&#x27;t surprising. I am more surprised by the fact that Oracle shares are still performing well on the stock market. I can&#x27;t think of a single Oracle product that the software engineers of today are actually excited about. The terms that come to mind when I think about Oracle are &#x27;legacy&#x27;, &#x27;lock-in&#x27;, &#x27;expensive&#x27; and &#x27;inflexible&#x27;.
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suprgeekalmost 9 years ago
Slightly relevant - about Oracle and its single-minded pursuit of money over all else: <a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=-zRN7XLCRhc&amp;t=33m" rel="nofollow">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=-zRN7XLCRhc&amp;t=33m</a>
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firebonesalmost 9 years ago
Can anyone with a finance&#x2F;CFO background give a primer in how a) to detect such aggressive accounting in a cloud company&#x27;s earnings statements and&#x2F;or b) what aggressive means in this context?<p>It would be nice to have a field guide to how to spot those without bathing suits when the tide goes out.
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tyler_larsonalmost 9 years ago
Oracle whistleblower suit raises questions over <i>Oracle</i> accounting.<p>FTFY.
6stringmercalmost 9 years ago
Ahh, another example of &quot;Creative Accounting&quot; as I like to call it. Sort of like &quot;Creative Writing,&quot; but instead of writing up a fictional story, it&#x27;s about moving numbers and creating plotlines that aren&#x27;t true but look pretty good on paper. My how I loathe it.<p>On the flip side, I would like to think one of the most talented gentlemen in such a dog-shit-ethics-gutter, Mr. Andy Fastow[1][2], would be an excellent comentator on this subject.<p>[1] <a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Andrew_Fastow" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Andrew_Fastow</a><p>[2] <a href="http:&#x2F;&#x2F;www.bloomberg.com&#x2F;news&#x2F;articles&#x2F;2012-03-22&#x2F;enrons-andrew-fastow-the-mistakes-i-made" rel="nofollow">http:&#x2F;&#x2F;www.bloomberg.com&#x2F;news&#x2F;articles&#x2F;2012-03-22&#x2F;enrons-and...</a>