Oracle Inflated Cloud Sales Numbers

Svetlana Blackburn, a senior finance manager at Oracle, claims her bosses “instructed her to add millions of dollars in accruals to financial reports, with no concrete or foreseeable billing to support the numbers, an act that plaintiff warned was improper and suspect accounting.”

In her allegations, Blackburn paints a picture of senior executives padding Oracle’s cloud figures despite her objections. She says she refused to play ball on the accounting techniques because they broke the Sarbanes-Oxley Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act. She has filed for whistleblower status, which if granted will give her immunity to prosecution and a slice of any fines levied against Oracle should her allegations be proven correct.

Diagnose: Losing connection with reality because of fear of losing bonus.

See also: IBM & Microsoft Invented New Financial Reporting for Hiding the Reality

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