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Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud. We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
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Another Oracle CFO Resigns; Greg Maffei Is Leaving Larry After Just 5 Months
The Last One Left Larry In Under a Year Too

When Oracle appointed him as CFO in June, Larry Ellison called him an "exceptional executive." Now, just 5 months later, Greg Maffei (pictured) is a departing executive. In fact, he is the second successive Oracle CFO to resign less than a year after beginning in the role, giving rise to all sorts of speculations among analysts and commentators since Oracle Co-President Safra Catz, in taking over as interim CFO, will in fact be the fourth CFO the company has had in the past 2 years.

Oracle chairman and CEO Larry Ellison said in a statement: "Greg has told us he's looking at a terrific professional opportunity. We wish him well."

So why would a CFO leave one of the world's major software companies just 5 months after joining it? Maffei characterized it as a matter of not being in the line of succession for Ellison's chief executive chair:

"Oracle's a great place, a great opportunity, but they have a fantastic CEO and they're likely to have that CEO for a long time. It was not only a case that he was not leaving, but I was not the obvious heir apparent.''

There was talk this week that perhaps the "terrific professional opportunity" was just a smokescreen for some kind of Sarbanes Oxley-type irregularity that Maffei didn't want to become associated with. (Post SOX, being a CFO is no cakewalk.) But it also entirely possible that Maffei - a former CFO of Microsoft, no less - has been tapped as CEO of a major company and simply wanted to swap his $900,000 or so a year at Oracle for something even more attractive.

About Jeremy Geelan
Jeremy Geelan is President & COO of Cloud Expo, Inc. and Conference Chair of the worldwide Cloud Expo series. He appears regularly at conferences and trade shows, speaking to technology audiences both in North America and overseas. He is executive producer and presenter of Cloud Expo's "Power Panels" on SYS-CON.TV.

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|||"[SolarMetric] has good technology and good technologists."|||

Do we know what role Jørn Larsen, SolarMetric's CEO, will play moving forward? Is he out?

I wonder if we'll hear this morning that he reall *has* gotten a CEO position; if not, Larry is going to have to do some spin control. This sounds way too fishy.


Your Feedback
CEO wrote: |||"[SolarMetric] has good technology and good technologists."||| Do we know what role Jørn Larsen, SolarMetric's CEO, will play moving forward? Is he out?
queZZtion wrote: I wonder if we'll hear this morning that he reall *has* gotten a CEO position; if not, Larry is going to have to do some spin control. This sounds way too fishy.
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