Oracle CEO Takes Medical Leave; Company Grappled for Months Over Disclosure of Illness - The Straits Times -BoardProspects

Oracle CEO Takes Medical Leave; Company Grappled for Months Over Disclosure of Illness

The Straits Times Sep 12 2019 BoardNews

SAN FRANCISCO (BLOOMBERG) - Oracle Corp said chief executive officer Mark Hurd is taking a leave of absence for unspecified health-related reasons, disclosing the move along with quarterly earnings on Wednesday afternoon (Sept 11). The software company made the announcement a day earlier than the results were scheduled to be released, after Bloomberg News contacted Oracle in relation to a story about the executive's health...
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Quotes
1. The default position for a company whenever any senior executive is facing health issues should be to disclose, because it is something investors need to know when they assess a company.
2. There's a deep bench there and a lot of talent in that organization.
Topics Mentioned
- Oracle