No one will ever know for sure if this woman is telling the truth. Is she legit or simply disgruntled for getting shit-canned? Either way, the SEC is too busy chasing down penny stock operators, aka ‘fish in a barrel’, than to fuck with Larry Ellison and his $1,000 per hour attorneys at Oracle.
In a complaint filed with the U.S. District Court in San Francisco, the former executive, Svetlana Blackburn, accused upper management of trying to push her to “fit square data into round holes” to make Oracle Cloud Services’ results look better.
“We don’t agree with the allegations and intend to vigorously defend the matter,” said Oracle spokeswoman Deborah Hellinger.
Blackburn said her bosses instructed her to add millions of dollars of accruals for expected business “with no concrete or foreseeable billing to support the numbers,” and that executives above her added accruals on their own.
Blackburn said Oracle terminated her employment last Oct. 15, just one month after the alleged wrongdoing began, and two months after she received a positive performance review.
The stock is lower by 2.5% in the after-hours. But this is probably the last time you’ll ever hear or read about this story. My advice to Ms. Blackburn is to steer clear of black helicopters.
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Was the post by Jake Gint a figment of my imagination ?
when you own your own island, you think you can make your own rules. but nature has it own rules and creates whistle blowers. irrationality fought with irrationality. nature is cool like that.