Thread regarding Oracle Corp. layoffs

@2Bnxf - me thinks you missed my sarcasm

So lets share it with them ... or with the press that will question and request for responds.

Use Disposable Temporary E-Mail services to notify anyone of importance at Oracle

"If you are Oracle employee or customer with integrity and ethics and you want to see things changed, you should keep posting in this thread to keep it up at the top of the "Active" list."

I really doubt that anyone of importance at Oracle reads this blog or cares about what is posted here. And note that I said "of importance".

@OurfSwz-2Bqua your are naive.

The chief legal counsel, Compliance & Ethics and the Governance group are all deep involved in the corporate fraud.

Oh, what a great idea, why didn’t I think of it - sharing my concerned with SC and the chief legal counsel and the Governance group is exactly what everyone should do, because that will make such a huge difference in how oracle behaves. Hey, SC - oracle’s conduct is unethical. Hey, complainer - you’re fired. End of story.

If you are Oracle employee or customer with integrity and ethics and you want to see things changed, you should keep posting in this thread to keep it up at the top of the "Active" list.

You are welcome to share it with Safra, Dorian, MH, Vamus and the Corporate Governance at Oracle.

Cloud washing is a misrepresentation of what the company does. Investors are looking towards the future. Cloud is the future. If a company misrepresents what portion of revenue is in the new and upcoming cloud area, then they are committing fraud. They are trying to make the company look like it is moving into that new, future area, when it's not.

Investors are being lied to about the future of the company. Investors are buying stock based on the idea that oracle will be in the cloud in the future. That's a lie, straight and simple. It does matter.

Stay away from this stock.

After the Q3 earning call around March all the corporate fraud will be public.

Oracle has so far managed to overcome corporate fraud. Nevertheless, the engineered layoffs just to stay below the legal cutoffs, massaging the revenue declaration to project cloud growth and customer contractual deception / customer arm twisting is going on unethically. This is a known fact. Really surprised no one has ever dared to report, investigate or take legal action. All the execs and a bunch of SVPs/VPs should be in jail serving life term.

Doesn’t really matter what people on this thread think, what matter is what securities laws say about what public companies are required to do and the accuracy of information they are required to provide to investors.

A public company has a legal obligation to provide investors with financial information that is true and accurate. calling payments for on-prem solutions cloud is blatantly and intentionally misleading in that it misrepresents the company’s success, or lack there of, in developing competitive cloud products and in competing with real cloud companies in the market place.

Does anyone on this thread really believe the SEC should be in the business of defining what cloud revenue actually is? Companies have broad range of how to define cloud revenues. It's up to analysts and investors to determine if the cloud strategy makes the company worth an investment.

I would like to believe that the SEC would care abouy revenues being correctly classified as cloud or on-prem, if for no other reason because investors care, and misleading investors to believe that oracle has a cloud business which it doesn’t have, would be securities fraud. Elementary my dear Watson!

"Oracle's cloud washing techniques seem to be pretty much common knowledge. Though a bit sleezy, it's not clear Oracle technically violates SEC rules."

I would think that as long as the revenues (payments collected) are real and not fabricated that the the SEC wouldn't care.

The coersive audits through which oracle forces customers to sign cloud agreements as a way of paying for on-prem licensing deficiencies rather than book the revenues as what they are namely on-prem revenues, is not legal. These cloud agreements lack business substance and are merely vehicle for converting payments for on-price licenses to cloud revenues.

Oracle's cloud washing techniques seem to be pretty much common knowledge. Though a bit sleezy, it's not clear Oracle technically violates SEC rules. I'm sure their team of lawyers see to that. The real shame here should fall on the analysts who know of these practices yet still promote the stock based on cloud growth.

Oracle Employees please Speak up but let me continue to perform my insider trading

https://www.reuters.com/finance/stocks/insider-trading/ORCL.N?symbol=&name=Daley+Dorian+Estelle

Thanks,

https://images.law.com/image/EM/CA/Daley-Dorian-Article-201412292007.jpg

Maybe same jail as DJT and his hapless son in law! What a party that would be!

Drip, drip, drip ... would LE and MH want to be in jail together or separately ? LOL!

I just received today an email about preserving information and that my Oracle laptop is on a legal hold. The reason mentioned is SEC inquiry into several Cloud@Customers sales that I have been involved in APAC and EMEA.

Several KAD's shared with me that they been advice to start protecting disclosure of our internal communication by including the legal team member and address the communication as client-privilege.

@2xvpt - brilliant, let’s have a society where fraud is encouraged and covered up, that will definitely make for a better world for everybody - you F:ing useless j*!cka$s!

@OurfSwz-2xvpt

Look at this post https://www.thelayoff.com/t/QRoNIOp on the reasons why ... Integrity matters

"I encourage any Oracle employees to approach the Securities and Exchange Commission San Francisco Regional Office."

What incentive is there for them to do that? Will they get a raise, a promotion or a bonus? Or maybe some job security? If they weaken the company through their statements, wouldn't that increase layoffs, maybe even their own?

You mean you want them to "do the right thing"? Good luck with that.

Thank God for those whistle blower protection statues

All information related to Oracle‘s business that is not intended for public disclosure should be considered confidential.

Confidential information includes: Oracle low cloud adoptions, misconduct of cloud credits, misrepresentation of financial records, Improper Payments, Bribery, Kickbacks, Corruption in Russia , East Europe, Turkey , South Africa , S. Korea and India.

Clarification: it’s customers who are paying for cloud buy have no or very low cloud usage that are in effect paying for on-prem licenses through cloud payments, oracle made it financially very attractive for them to do so, thus enabling oracle to classify on-prem licensing and support fees as cloud

SEC, this is like shooting carp in a barrel.

1. Get a list of all clients that were audited in FY2016-2018

2. Which were found to be deficient and signed deal for cloud / with cloud credits?

3. Which of those are actually using the cloud they are paying for in a substantial manner - one that corresponds to their cloud payments ?

4. There are your cloud washing revenues, these clients are actually paying for on-prem licenses but have been induced to sign cloud agreements because they were offered a discount to what they would have had to pay otherwise for their on-prem licenses that they were found to be underpaying for in the audits

5. The cloud ageeements lack business substance, they are the vehicle for transforming payments for on-price to payments for cloud

6. The people responsible for this are LE, MH, SC, chief acct officer and chief legal counsel

7. Go get em!

Oracle's "cloud" is crap and "non metered" and that's why no one is buying it -- except for existing on-prem customers who are being dragged into the cloud via cloud washing (i.e., cloud credits).

Please share this cases anonymously so SEC could start investigating.

Happy new year 2018 !!!

I encourage any Oracle employees to approach the Securities and Exchange Commission San Francisco Regional Office.

Jina L. Choi is the Regional Director or Kristin Snyder the Associate Regional Director,

Our phone: 415-705-2500 and E-mail: sanfrancisco@sec.gov

I just received inquiry from SEC officials regarding several customers and partner cases.

Seems like they have some very detailed information and they specific requested testimonies on executives (>M6) involvement in this cloud credits deals.

Interesting that they been aware that in some of the cases Oracle internal compliance and ethics managers been reported and notified and didn't take any actions expect for shuffling and rejection.

I have consult my SVP and he confirm that I'm allowed to provide them all the internal emails and supporting documents.

Oracles independent accounting firm is Ernst & Young. Last year, I received multiple emails from Oracles audit team, based in Ireland, looking to URGENTLY confirm some financially engineered ("DOA") cloud deals because "EY is requesting them." This would strongly suggest that Ernst & Young has been complicit in helping Oracle shield their potential fraudulent cloud sales practices from the public.

OFS finances the deals to oracle who then pass along whatever terms they want to the client to bankroll them. No fees or interest... it's shady at best.

Don't forget OFS ( Oracle financial services) who will finance anything the execs cook up for a client deal.

How do you finance monthly cloud subscriptions?

Let's not forget about all of the fraudulent deals they run through Oracle's consulting network. For example, Infosys Limited is a grave yard of financially engineered DOA cloud deals. Please share all...

You are welcome to share it with us anonymously using file upload and sharing sites like :

https://files.fm/ or https://mega.nz/

PS: This are simple secure cloud storage services not as Oracle document cloud

Would copies of the latest agreements with major clients be of help ?

They settled with a whistleblower earlier this year:

https://www.theregister.co.uk/2017/02/10/oracle_settles_court_case_with_fired_cloud_services_financials_whistleblower/

It sounds like she was paid off to keep quiet.

On April 28, 2004 amidst the accounting scandal, three of Nortel's top lieutenants—Douglas Beatty, CEO Frank Dunn and Michael Gollogly—were fired for financial mismanagement.[44] They were later charged with fraud by the RCMP.[45][46] The trial began on January 16, 2012,[47] ending with acquittals for all three.[

Lets hope that the pressure will force them to take some actions differ then sending just email's.

No enforcement and any disciplinary action never been taken,and as part of Oracle policy to hide from the investors/SEC they didn't report to the relevant authorities.

Employees "speak up" !! Managers be aware

Last year, SC participated in Oracle's Revenue Recognition Required Training. In her 2-3 minute introduction, she stressed the importance of complying with Oracle's REVREC policies. She also stated that she requires all managers to sign QUARTERLY acknowledgments that they are NOT aware of any improper bookings. Clearly this was a self preservation move by SC and I would love to see those documents. In the training, Oracle listed 5 "high risk" areas to be aware of. My favorite was the topic on "SIDE ARRANGEMENTS", which are against the company's policies. I highly doubt all of the cloud "DOA" and "Financially Engineered" bookings would comply with this policy. This was SC attempt to shield her from future liability and claim ignorance by blaming everyone else if this issue became known to the public. Where is Corey West in all of this? At some point, Oracle will be forced to clean house and this should include LE, SC, MH, TK, CW etc.... Stay Tuned