A Reflection On Sun Executive Payouts For Failure 316
With the Oracle/Sun merger finally completing at the end of January, one former Sun worker has taken the time to reflect a bit on the extravagant compensation and golden parachutes that the former executives at Sun are receiving for failing at their jobs. "I think it's fair to say that, for all the miscues that eventually led to its demise, the company created many products and technologies of value along the way, enough so that Oracle thought it was worth it to acquire them and try to keep them going. However, I think that it's equally fair to conclude that, after years of running losses, including about $2 billion in fiscal 2009, so that a buyout was necessary to avoid looming bankruptcy, Sun's executives did nothing to deserve lavish rewards, by any conceivable meaning of the word 'deserve.' But what actually happened is by now a familiar story. [...] And here's a prediction that I feel quite certain of: if, against expectations and my hopes, Ellison drops the ball and things start going south for Oracle, it's the employees who will suffer for it, and he'll be doing just fine."
Easy Solution (Score:5, Funny)
Well, sure they sucked... (Score:5, Funny)
Re:To quote Mel: "Its good to be the King" (Score:5, Funny)
Why is it that people doing what people do naturally -- looking out for their own interests -- is normal and acceptable when you do it, but evil and wrong when somebody else does it?
Natural?! This is a Christian nation. As such, we do not look out for our own interests, but instead follow the Biblical commands to do nothing out of selfish ambition, vanity, or conceit, but in humility consider others better than ourselves. Each of us looks not only to our own interests, but also to the interests of others. We are peace-loving, considerate, full of mercy and good works, impartial and sincere.
Oh wait.
What you can expect from a republican. (Score:3, Funny)
Lets face it GOP'ers like McNeally dropped the pretense about Christianity and Christian virtue long time ago. The only use for Jesus that republicans like McNealy have these days is to continue to fool the foolish on the religious right. If Jesus can be used to sell a turd to a sock puppet in exchange for a dollar, he's worth something in their minds, otherwise he's there just to be peed on.
I can sympathize with the writer, but from a different perspective. As an investor I bought into the notion that Sun had good products produced by the kind of worker who wrote the column and that by investing in innovation we can collectively move the country forward. As a result of insider greediness and to some extent my own, I lost my entire retirement portfolio. Yes my mistake, in ever trusting a republican to do the right thing.
I hardly regard the article as diatribe as some who are eager to dismiss it suggest. Rather, it should be a sober, teachable moment to all as to what happens when you let republican philosophy and republican leaders plan a future for you. Your interests will be dropped like a rock as soon as there is an extra dollar to be scammed from the system..
I would encourage anyone who at any time heres the name Scott McNeally to make a point of noting just what a miserable failure and self-interested creature he turned out to be. At least that way regardless of much money he and so many executives like him have been able to game the system for, the McNeally name will forever be tied to A BIG STINKING PILE OF FAILURE. I have moved on, but he and his family will have to live with that reality for the rest of their lives. His money, no matter how much he has scammed will buy him any respect. When you hear a story about Scott McNeally, clear your throat mightily and then just spit it out and move on.