I stand by the governance comments, the mass resignation was a very bad look. The admitted behaviour would have been an instant dismissal of the CEO if the company had a different Chairman. Ellison doesn't the shareholding to save himself, it required a board willing to look the other way and he got it (except the ones that resigned haha).
In terms of the recap, lets wait and see. Many companies will go to great lengths to communicate to the market they dont need a cap raise, only to see the situation get worse and essentially say "facts changed we need money".
Time will tell.
what I mean by, "in your corner" was that of investors, rather than the CEO like Clements.
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