Oracle has been a bad bet for investors, and the company isn’t doing much to make them happy.
In the past year, the software giant’s stock has slumped 7 percent while U.S. stock indexes have surged to record highs, with the S&P 500 climbing 16 percent over that stretch. Among large-cap technology players, Microsoft is up 52 percent and Amazon has about doubled. Apple has gained 40 percent, Nvidia is up 53 percent, and the list goes on.
https://www.cnbc.com/2018/09/17/oracles-tough-year-makes-the-stock-harder-for-some-to-stick-with.html
Thank you MH for laying off seasoned professionals and replacing them with recent college grads. Thank you for showing the world how ignoring experience and proven talent pays off in the long run. Thank you for showing the world how your short term cost savings strategy, destroys the long term future of a company.
We really needed an example of what not to do, so the rest of the world could watch a company be destroyed from the inside out by a toxic short sighted management strategy.