May 19, 2004

Bad Blabbermouth! No Bentley for You!

THE SILICON VALLEY NEW PORSCHE MARKET TANKED TODAY on news that Salesforce's CEO Marc Benioff's big mouth had run his company's IPO right off the rails.

True to form, Benioff proved once again that he does not understand the word "quiet' in the SEC's pre-IPO quiet period requirement.

The New York Times noted that in its interview with Benioff, the CEO had said that "the SEC prohibits me from making any statements that would hype my IPO," but then proceeded to discuss the software business and his competitors.
-- IPO delayed -- reports
And where did Mr. Benioff learn his executive techniques? That paragon of mum's-the-word, that citidel of silence, Oracle.

As of this writing SalesForce employees who had hoped, at last, to cash in, we're seen cancelling orders for Porsches and passing an envelope around the office hoping to raise enough to buy Mr. Benioff a large, hot, streaming cup of STFU.

Posted by Vanderleun at May 19, 2004 3:00 PM
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