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"Oracle has been telling investors that because it did not hit certain goals related to its cloud computing business, none of its top four executives earned any chunk of the massive block of stock options they were granted last year."
-- This is because we don't have a cloud business - the execs just think we do. We even have trouble forcing our remaining customers to use it.
And that was your contribution to the 3 stooges’ bonus pool, they are not particularly grateful for it, rather they take it for granted, sort of like a birth right
I was rewarded with a layoff on Tuesday
this is not new story, Oracle is a corrupted, fraudolent, unethical group of few people (board, LE, SC, MH, TK, plus some minor others) that are there only to queeze as much money as possible from any cowcash available, not caring about anything else.
they have set almost impossible targets for the 4 elders' bonuses (anyone with a grain of salt knew the 80$ treshold for ORCL or the 20B$ target for cloud revenues was unachievable) just to boost the stock and pretend Oracle is a player in the cloud (while it is not, MSFT has done in just one quarter what ORCL has done in a full year... well, at least, what Oracle is estimated to have done, given they are no more disclosing cloud numbers), and now that those targets are not hit (what a news) they are using this to show how correct Oracle is by pretending to not pay the bonuses.
while the reality is very different, the 4 elders still have a large chunk of the past FY stocks, and (from the article in the OP):
"And here's a caveat: the Oracle executives haven't lost out any of these millions of stock-options yet. They won't forfeit any unless the full five years goes by without hitting all of those targets.
And maybe not even then. While the board says that it doesn't plan on giving these execs any more grants of stock options for the five-year period, compensation expert Rosanna Landis-Weaver of shareholder advocacy group As You Sow points out that this promise "is not legally binding."
Should these execs really be at risk of not getting their stock pay, the board "could still do more grants. They just have to have an explanation for why they did it," she says. "
the really incredible thing is that people are still investing in ORCL stock and some customers are still buying Oracle stuff.
They never earn their money, LE and the useless BoD just give it to them because whatever
check
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