Swimming with the Razorfishes

Sunday, April 10, 2005

David Duffield, former CEO of PeopleSoft is using some of money he made in Oracle's takeover of his company to create The Safety Net Fund:

The shock we all felt late last year has diminished somewhat, and I know some of you have found new jobs and are adjusting to new routines. Many of you have taken advantage of the available out-placement services and are relying on severance packages and unemployment benefits as you job hunt.

There will be a small number of people who will have difficulty finding jobs. It’s to you that this program, The Safety Net, is dedicated. The Safety Net will make cash gifts to people who demonstrate a serious need. The gift is intended as a "bridge" to help you through a tough time. Please be assured that all transactions with The Safety Net will be kept strictly confidential.

Wow. This is what a CEO does.

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