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Sunday, August 8, 2010

National Security - Why Rich People Bad - Part 9: Larry Ellison

Hey Barry:

Good ol Larry really rich. So dat makes him a genius, rite?

Mebbe not so much. See, all's he gotta do is fire bunch people - then corp earnings go up and his shares are worth more.

Simple math - screw a family, grow your balance sheet.

Heres sum history on good ol Larry from the press:

'Oracle chops Sun HPC jobs'

http://www.theregister.co.uk/2010/08/05/sun_hpc_cuts_systems/

'Oracle's Larry Ellison Is Highest-Paid CEO of Decade'

http://www.dailyfinance.com/story/company-news/highest-paid-ceos/19569734/

'Global CIO: Oracle Layoffs Threaten Larry Ellison's Credibility - Ellison fires between 3000 and 9000 people'

http://www.informationweek.com/news/global-cio/interviews/showArticle.jhtml?articleID=225600372&pgno=1&queryText=&isPrev=

Sad part is dis: he not by hisself here.

How we get here anyways? Good way to get rich is ta fire people. Wot the hell.

Before we get all teary eyed bout them wonnerful billionaires giving sum to charity, les look real hard on how many jobs they killed to git the cash.

Luv to see a track on the BIG rich - how many grew jobs an how many killed jobs.

Mebbe we should go all Euro on them - put a big tax on firin folks so dat BIG rich makes money by letting people keep jobs.

Wotta revolutionary idea Barry - literally revolutionary. Was part of the revolution in Spain in the 1930's.

Sounds like we need it here.

Watta ya say Barry?

Make sense to you?

Your pal,

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