Skip to content

Biting the hand that feeds IT

The Register ®

Management:


Related Whitepapers

[Print][Mobile][Alerts]

Five months at Oracle enough for CFO

Revolving door ordered for exec's office

Published Thursday 3rd November 2005 22:34 GMT

Greg Maffei has become the latest CFO to last less than a year at database giant Oracle.

Maffei, who ran Microsoft's vast and swelling finances between 1997 and 2000, is leaving to follow a "terrific personal opportunity" after just five months at Oracle.

Maffei follows Harry You, who left in March after eight months in the position he inherited from Jeff Henley. Henley, an Oracle veteran of 14 years, has remained at Oracle having been appointed chairman. You joined BearingPoint as chief executive.

Eager to head-off allegations of personality clashes with the Oracle brass, Maffei said in an approved statement: "My resignation is not a reflection on the company, it's executives or employees."

Ellison added to the pre-seasonal goodwill. "Greg has told us he's looking at a terrific professional opportunity. We wish him well," he said. Details of that opportunity were not provided, although we're sure it is terrific.

Oracle's co-president Safra Catz is again adding the CFO's responsibilities to her own. Catz last donned the CFO mantel when You left for BearingPoint.

Goldman Sachs analyst Rick Sherlund called Maffei's exit in a research note issued earlier today. "We have grown increasingly convinced that there are legitimate questions regarding Mr. Maffei's status at the company," he wrote, after Oracle delayed an analyst conference and cancelled Maffei's guest appearance at a Goldman Sachs event.

Perhaps the rigors of acquiring software giants on a seemingly monthly basis proved too much for the CFO. ®

Track this type of story as a custom Atom/RSS feed or by email.
Previous Article Next Article
whitepaper title

Solution Brief: Reduce Energy Costs

Energy consumption has become a big issue. Dramatically increase server utilization and significantly reduce energy costs through Virtualization..
whitepaper title

Enforce Your Email and Web Acceptable Usage Policies

Unmanaged employee use of email and the web can subject any organization to costly risks. Learn how clearly written Email and Web Acceptable Usage Policies (AUPs) can protect your business.
Whitepapers Jobs

Top 20 storiesAll The Week’s HeadlinesArchiveSearch