In 2007, Hurd was recognized by Fortune magazine as one of its 25 Most Powerful People in Business. He has been named multiple times by Business 2.0 magazine as one of the 50 Who Matter. Hurd was featured several times in Barron’s in the publication’s Best CEOs lists. In 2008, the San Francisco Chronicle named him CEO of the Year.
https://chiefexecutive.net/ceo1000-tracker/
Mark Hurd is No. 75 on Chief Executive and RHR International’s CEO1000 Tracker, a ranking of the top 1,000 public/private companies.
Seems like mass termination and cost cutting works. We will see. This is the year of mass layoffs. So the effect will be felt some time after June 1 2018 when the 1.1 billion allocated for severance packages has been spent.
I'll bet we see the same effect that hit HP in 2010 when MH personally eliminated over 25,000 jobs and raised 1 billion in severance packages. Same quarter back, same play 8 years later. This move at HP cost the company a great deal the stock tanked from $24 per share in 2010 to $6 per share in 2012. Sadly MH was not at the helm to go down with the ship.
If this is a replay of this "man who matters" goes like it did then we should see oracle at less than 30% of its current price in two years. I predict it will go exactly the way it did at HP. We go from $50 today to less than $16 in February of 2020. Only this time I pray MH sticks around.
I want the world to see that this BS is stupid. Really if this theory holds true (firing highly paid people is a smart thing to do) then the best company is the one with no employees, or the cheapest employees. We all know this is not true.
Its counter to proper thinking. His plan cannot work and I can't believe anyone takes him seriously. If Oracle succeeds in this mass layoff it will be a miracle and it will send the absolute worst message to the rest of the world.
The words below ring true to me.
https://thenewkingmakers.com/
As analysts, pundits and researchers alike seek to understand what turned Apple from a technology afterthought into the largest company in the world, they would do well to listen to the man most responsible for that recovery. In a 1995 interview, the late Steve Jobs claimed that the secret to his and Apple’s success was talent. “We’ve gone to exceptional lengths to hire the best people,” he said, believing that the talented resource was twenty-five times more valuable than an average alternative. For Microsoft founder Bill Gates, the multiple was even higher:
A great lathe operator commands several times the wage of an average lathe operator, but a great writer of software code is worth 10,000 times the price of an average software writer.
While the actual number might be up for debate, the importance of technical talent is not. The most successful companies today are those that understand the strategic role that developers will play in their success or failure. Not just successful technology companies – virtually every company today needs a developer strategy. There’s a reason that ESPN and Sears have rolled out API programs, that companies are being bought not for their products but their people. The reason is that developers are the most valuable resource in business.
How did we get here? How did developers become the most important constituency in business seemingly overnight? The New Kingmakers explores the rise of the developer class, its implications and provides suggestions for navigating the new developer-centric landscape.
MH replacing the best talent with the cheapest. The exact opposite of what works. I am eagerly awaiting the bonfire of garbage that MH has created. I want the world to see the mess he made and I want him to be remembered as one of the biggest bozos in corporate history.
Just because the universe works differently than they way MH thinks it does. You have to add value to get value. Use cheap parts and cheap labor and you get sub-par results.