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Goodbye, Cruel Sun

Get Behind the Mule (61986) writes | more than 4 years ago

Oracle 0

Get Behind the Mule (61986) writes "I blogged some of my thoughts about Oracle's acquisition of my former employer, Sun Microsystems, particularly about the extravagant compensation and golden parachutes that went to executives who, on objective terms, failed 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.

"
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