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Oracle CEO Larry Ellison Steps Down

Posted by timothy on from the one-real-american-named-larry-ellison dept.

mrspoonsi writes Oracle founder Larry Ellison is stepping down as CEO. He will be replaced by two executives. Former Oracle presidents Safra Catz and Mark Hurd will be co-CEOs. Ellison will be the Executive Chairman of Oracle's Board, and the company's CTO. Oracle's shares are off by 3% on the news. "Larry has made it very clear that he wants to keep working full time and focus his energy on product engineering, technology development and strategy," said the Oracle Board's Presiding Director, Dr. Michael Boskin.

2 of 142 comments (clear)

  1. Jerk by Anonymous Coward · · Score: 5, Informative

    What's the difference between God and Larry Ellison? God doesn't think he's Larry Ellison

  2. Re:more evil things to do elsewhere? by devman · · Score: 5, Informative

    For those who don't get the joke. Larry owns most of the real estate on the the island of Lanai. Lanai also happens to be the name of a popular style of roofed patio that originates from Hawaii.