HOWEVER, in the case of his (higher paid) core tech workers, much of their actual pay comes in the form of RSUs, or restricted stock units -- that are fully vested only well-after the year end numbers are hit, and you need to stay on -- as a form of "retention bonus / golden handcuffs" -- in order to see the units in your paystub. Well over a thousand of those laid off would have each been paid an added $200,000 to even low seven figures, had they not been laid off, just weeks before full vesting. That is. . . a very small-minded disrespect -- of his likely best, but now mostly out-moded long term help.
Yes, he's a gazzillionaire, but we all know. . . "what goes around. . . really. . . goes around."
That is, he should worry (at least a bit) that some of the brightest (and most hot-headed) of them are yet able to (through remaining back doors -- they themselves left?) slip in undetected, and mess with his offerings, in nefarious, embarrassing but largely long term non-harmful ways. In front of partners -- and large customers. [AI movies / images of him in various states of undress, on a commode, anyone? (Much like we've all seen of Tangerine -- but propagated across the corporate web presence?)] Karma, indeed, that would be.
Here is the whole story, from this past March:
. . .In exchange for signing a release waiving their right to sue, employees received four weeks of pay for the first year, plus one additional week per year of service, capped at 26 weeks. The company was also paying for one month of COBRA insurance.
The catch: Although stock compensation often makes up a good chunk of a tech worker’s pay, particularly at Oracle, the company did not accelerate soon-to-vest RSUs. Any shares that hadn’t vested by the termination date were forfeited.
That held true even for stock granted as retention incentives or in place of salary increases tied to promotions. One long-tenured employee lost $1 million in stock that was just four months from vesting; RSUs made up about 70% of his compensation. . . .
What a rat, he is. [He even resembles one, albeit only slightly -- but to say that does nothing more than insult. . . all rodents.]
This is the item I hinted at this morning. Not sure if I'll make an ongoing project of Oracle and Ellison, as I have of Musk, Tesla, Bezos and Amazon. We shall see. Onward, to the morrow. Out.
नमस्ते






























