Ellison gives up Oracle CEO role, becomes chairman

[Omaha Steve]

Source: AP-Excite

SAN FRANCISCO (AP) — Oracle co-founder Larry Ellison is ending his 37-year reign as CEO of the business software maker that he co-founded and is handing over the job to his two top lieutenants, Safra Catz and Mark Hurd.

As part of the changing-of-the-guard announced Thursday, Ellison will become Oracle Corp.'s chairman and chief technology officer. Jeff Henley, the company's chairman for the past decade, becomes vice chairman.

Ellison, 70, is likely to continue to play an influential role at Oracle, given his leadership position on the board and his stature as the company's largest individual shareholder.

The shake-up nevertheless opens a new phase in Oracle's history. The Redwood Shores, California, company is trying to adapt to the technological upheaval that is causing more of its corporate customers to lease software applications stored in remote data centers instead of paying licensing fees to install programs on machines kept in their own offices.

FULL story at link.



FILE - In this Oct. 2, 2012 file photo, Oracle CEO Larry Ellison gestures while giving a keynote address at Oracle OpenWorld in San Francisco. Oracle says Ellison is stepping aside as CEO of the company he founded. The business software maker promoted Safra Catz and Mark Hurd to replace him as co-CEOs. (AP Photo/Eric Risberg, File)


Read more: http://apnews.excite.com/article/20140918/us--oracle-ellison-a07462b535.html

[99th_Monkey]

1. This company Oracle, is directly responsible for undermining Oregon's ObamaCare enrollment

They dithered, leading everyone on, and then ultimately did NOT even come close to delivering what they were given millions to produce, and now are trying to SUE The State of Oregon taxpayers for having the audacity to want some accountability for their gross incompetence, and their callous disregard for the public interest.

No wonder they are shuffling the Executive deck to provide maximum "deniability" for these domestic economic terrorists, because that is exactly what they are. Despite all the musical chairs, this guy, Ellison, should be at the very front of the line in the perp-walk.