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Golden parachute

SAP CEO Bill McDermott and CFO Luka Mucic now have to unpack their golden parachute for the second time in SAP's history after 2015.
January 31, 2019
Content:
This text has been automatically translated from German to English.

The "cloud first" strategy and the ill-considered and expensive acquisitions, see Qualtrics, have brought SAP to the abyss. More than 4,000 employees are to leave the company.

The latest balance sheet figures point to turbulent times ahead. Has Bill McDermott driven Hasso Plattner's life's work to the wall?

The fact is that McDermott's cloud strategy has cost the group a lot of money. If the hyperscalers continue to lower their cloud prices and expand the service, there will hardly be any room left for SAP:

Who is buying Rimini Street and Suse Linux to provide seamless SAP service for server, storage, database and applications including maintenance and service? AWS, Google, Microsoft, Telecom, Alibaba, IBM, Huawei etc.

With Qualtrics, Cloud, Interoperability (indirect use), Hana or due to the numerous "quarter" products (S/4, BW/4 and C/4), SAP stands on feet of clay.

McDermott and Mucic are shifting the focus to employees and an overdue reorganization. To this end, they are now unpacking their golden parachutes. At the same time, Bill McDermott wants to continue investing in "technology," as he explained at the SAP annual press conference:

Machine learning, IoT, artificial intelligence, blockchain and, of course, quantum computing - as if there were no other problems in the SAP community, right?

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