When Oracle Corp. announced late last week that chief financial officer Greg Maffei would be leaving a little more than four months into the job, many observers credited Goldman Sachs analyst Rick Sherlund with “outing” the situation. That’s because Sherlund had raised questions about the finance executive’s whereabouts in a report published earlier that day.
Aside from the destabilization questions that the departure has raised among the investment community—Oracle has seen three CFOs come and go within the last two years—the incident has raised additional questions about 8-K filing requirements and whether the company violated Regulation Fair Disclosure.
