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Oracle CEO Larry Ellison Steps Down
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.
The Wicked Witch is dead!
"Flyin' in just a sweet place,
Never been known to fail..."
New Microsoft CEO candidate? New member of USPTO?
-------
1. Enjoy your job
2. Make lots of money
3. Work within the law
Choose any two.
It's about time he stopped siphoning off shareholder value via executive compensation.
Those really neat hacks that Larry checked into source control in 1981? You can delete those now.
Now, if only we could get rid of the rest of the company.
he's just going to sit on top-level strategy and stuff as CEO. as long he doesn't get his damn plane landed during sleepytime any more, that's a good thing. the evil will continue.
if this is supposed to be a new economy, how come they still want my old fashioned money?
Just wow. I wonder what happened. Maybe there's some money threshold where you just say: "naah, I've got enough". Or maybe his bank just phoned and said - "your account balance does not fit anymore in our VARCHAR2(10) column.."
Anyway - looking forward to see the bright *snicker* future.
What's the difference between God and Larry Ellison? God doesn't think he's Larry Ellison
They are going to be Hurding Catz for a long time to come.
>> 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
I can see why the stock dove. Ellison appears unsure that either Safra or Mark has the stuff to run the company by appointing them both to do part of the former job of one man.
In a best case scenario (where this triumvirate works for a while) I wonder which one's Brutus and which one's Cassius, because I'm pretty sure I know who Caesar is here.
Because that worked out SO well for Blackberry.
/Oblg.
O/ne
Rich
Asshole
Called
Larry
Ellison
Just on Oracle employees and board members instead of HP.
General Relativity: Space-time tells matter where to go; Matter tells space-time what shape to be.
For those not familiar with the Hurd game plan, let me tell you how it goes.
1. He will say all the right things in front of employees. Part of the team, all in it together, shared sacrifice.
2. He will make the numbers look good for Wall Street.
3. Your cubicles / office space will shrink.
4. Employees will be asked to work from home
5. Real estate will be targeted as a way to reduce expenses.
6. The stock will look good for a while, then implode.
7. When he's finally run out, the next person in charge will realize the business fundamentals are seriously lacking and will have a major cleanup job to do.
So there's a GNU Hurd in charge at Oracle?
The only reason I can see is that he turned 70 years old a month ago. Why not spend a little of his time doing other stuff? Also, he's still chairman.
"Who are you?" "No one of consequence." "I must know." "Get used to disappointment."
I think Oracle is announcing earning today.
If earning suck, and Oracle tanks, Oracle will be able to say that it was only because their beloved CEO resigned.
Sheesh, I know he has a big ego, but even Larry Ellison can't Hurd Catz.
Anybody want a peanut?
Related?
http://finance.yahoo.com/news/oracle-misses-street-1q-forecasts-205042793.html
...when Michael and Jim were "co-managers" and Jo Bennett comes in and says, "Two guys doing one job? We gotta do something about that!"
Is gonna miss boat.
Time to start tapping the phones and spying on those pesky board members again!
So no.
MariaDB is the fork of MySQL that's out of his hands.
My mom says I'm cool.
I just couldn't stomach the idea of up-voting all of the ding-dong the witch is dead comments, no matter how much I wanted to blow all my mod point here. Instead I'll just add to the crush of Ellison hate, especially considering the whole notion of copyrighting APIs that the smug dickface motherfucker is trying to pander to make a few quick ones from Google.
...and then they beg him to come back for vastly more money.
did you mean GNU/Hurd, right?
Why do you think he cares about people like employees or customers or even products ?
He likes to quote Genghis Khan who said, “It’s not sufficient I succeed. Everyone else must fail.”
He has also been called a lawn mower:
https://www.youtube.com/watch?...
His most popular and _authorised_ biography is entitled: The difference between God and Larry Ellison: God doesn’t think he’s Larry Ellison.
New things are always on the horizon
That's almost as big as when Bill Gates stepped down from Microsoft -- it's the end of an era.
It'll be interesting to see what direction Oracle heads without him at the helm.
I do not fail; I succeed at finding out what does not work.
I'm surprised he didn't break a pool cue in half and walk out of the room saying "there's only one opening boys, make it quick."
...any chances we'll get boolean column types in Oracle? (Yes, I know I can use 'T' and 'F', or 1 and 0, blah blah....but guess what ... the app I'm maintaining now uses 'T'/'F' on half the tables, and 1/0 in the rest.... fun...)
please excuse my apathy
He's got another America's Cup to ruin.
Something about herding cats I think
Like food, this sig will also pass
But here is the problem...
You cannot deny that he built a huge empire on something as banal as a database. Arguably the best RDBMS pretty much ever and where is the competition?
I use Oracle extensively. I am a DBA and of all the alternatives out there ( and I have tried most of them ) the only thing that comes even close is DB2 with postGres running a close third and depending on your POV, catching up fairly quickly. Perhaps postGres will eclipse Oracle one day, but not unless they get some serious money behind the project and that probably won't happen because no one wants to pump the millions of dollars it would take into a project that cannot even fix the TXID problem, and make no mistake about it, it is a problem. Also if someone dumps that kind of money into a project they expect some kind of ROI. There might be a few white knights that have that kind of money but they are few and far between and most can find more worthy causes to spend that kind of money on. Don't get me wrong, postGres is a fine DB but it has some faults that make it not so attractive.
Larry understands how to stitch technology together around a DB better than most anyone else I have seen. Arguably Microsoft gets it, but they are stuck running in the windows universe which despite a lot of progress is still broken. You cannot run MS-SQL Server across hundreds of Intel machines and expect it to hold together, but they ave built and end to end ecosystem and MS-SQL Server is tightly integrated, but you can't drop it on a Z-Series mainframe under either IBM's native OS or Linux. PostGres has the same problem but they are moving to fix that, but I am not sure they really understand the problem. Of the other DB's out there ( Mongo, Hadoop, et all. ) that you can do that with, they don't support things like ACID which, like it or not, is pretty much a requirement in way to many situations.
The facts speak for themselves. If Oracle really sucked as a Database it would not be in the vast number spaces that it occupies. You can cap on Larry Ellison all you want, question his lineage, say he is an ego maniacal asshole, but you have to give the man his due. He built a company that does have the answer to almost all the spaces where a DB matters and he built a business that relentlessly pursues those spaces to the betterment of their stock holders and 98% of the people and organizations that use their products.
Hey KID! Yeah you, get the fuck off my lawn!
One
Rich
Arsehole
Called
Larry
Ellison
Cryonics - Keep cool and carry on.
The time has now come to cleanse ourselves of his filth.
Their company sucks. Their prices suck. They're overbudget on everything. Their business strategy sucks. Java is the worst thing that has happened in all human history. No wonder nobody wanted the job and they had to half fill it with two people.
What about the rule of two? Larry is going to have two apprentices? What if they team up and kill him?
Democracy Now! - your daily, uncensored, corporate-free
Hell yeah! Mod parent up!
Anybody know what's the background on this?
Mr Ellison is the head of a software company called Oracle.
If your computer is a car, then software is the fuel that runs it.
Hope this helps.
To have a right to do a thing is not at all the same as to be right in doing it
Just after my points expire... *MAD* props to you, irq-1!
There's no place I could be, since I've found Serenity...
Oracle has this problem, too.
If your computer is a car, then Oracle software is the crank in the front that you use to start it up.
You are in a maze of twisty little passages, all alike.