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Larry Ellison Will Step Down as CEO of Oracle, Will Remain as CTO

271 点作者 jhonovich超过 10 年前

13 条评论

chollida1超过 10 年前
Interesting that they name Co-CEO&#x27;s in Catz and Hurd. I wonder how that will work, especially given Hurd&#x27;s &quot;tough to work with&quot; reputation.<p>Interestingly Ellison will be the CTO. This could be a shit show with 3 people trying to run the show!<p>I mean does anyone really expect Larry Ellison to start taking marching orders. Will be interesting to watch the short interest on this company!<p>I think the two headed CEO is what the street expected all along as Catz has been around for ever and alot of people thought that Hurd, the former HP CEO, was promised the CEO title when Ellison resigned.<p>It looks like they, Catz and Hurd, will split the running of day to day operations as Hurd gets sales, marketing and strategy reporting to him, while Catz will continue to have finance, legal and manufacturing.<p>Its down about a dollar after the close on about a third higher trading volume than normal. So it doesn&#x27;t look like anyone is &quot;spooked&quot; by the news.
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dm8超过 10 年前
If you want to read about Larry Ellison&#x27;s personality and his management style, you should read - &quot;The Difference Between God and Larry Ellison: Inside Oracle Corporation; God Doesn&#x27;t Think He&#x27;s Larry Ellison&quot;. (<a href="http://www.goodreads.com/book/show/181369.The_Difference_Between_God_and_Larry_Ellison_" rel="nofollow">http:&#x2F;&#x2F;www.goodreads.com&#x2F;book&#x2F;show&#x2F;181369.The_Difference_Bet...</a>)<p>It&#x27;s one of the best books written on him and the way he managed Oracle right from it&#x27;s beginnings. He was damn good at selling things.
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mindcrime超过 10 年前
Not really sure what to say about this. I don&#x27;t know Ellison, nor do I own Oracle stock, or have any particular interest in Oracle per-se. But nonetheless, I&#x27;ve always seen Ellison as an important character in our industry, and after reading a biography about him, I felt a sort of kinship with him based on some shared interests.<p>At any rate, it definitely feels like the &quot;end of an era&quot; in a sense. I got my start in this industry in the mid to late 90&#x27;s when Oracle, IBM, Novell, Microsoft, Borland, etc. were duking it out for supremacy, and - for better or worse - you&#x27;ve never really been able to escape Oracle&#x27;s shadow to some extent. And Ellison was Oracle, in so many ways.<p>Edit: It&#x27;s been a while, but I think this[1] was the biography I read. I&#x27;ll just say this: regardless of what you think of Ellison, he&#x27;s an interesting character and reading about the history of Ellison &#x2F; Oracle is quite fascinating.<p>[1]: <a href="http://www.amazon.com/Softwar-Intimate-Portrait-Ellison-Oracle/dp/0743225058/ref=sr_1_1?s=books&amp;ie=UTF8&amp;qid=1411072380&amp;sr=1-1" rel="nofollow">http:&#x2F;&#x2F;www.amazon.com&#x2F;Softwar-Intimate-Portrait-Ellison-Orac...</a>
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smacktoward超过 10 年前
I&#x27;m guessing he wants to spend more time wringing extortionate license fees out of his family?
ChuckMcM超过 10 年前
Demonstrating once again that tech companies really don&#x27;t &quot;get&quot; succession planning :-) I&#x27;m kind of half joking, if you look at a bunch of &#x27;old school&#x27; BigCorps, the progression is (CEO-&gt;Chairman, SVPx -&gt; CEO, VPx -&gt; SVPx) and then the Chairman of the board retires and the CEO takes on both roles Chairman and CEO, priming the pump for the next cycle.<p>Co-CEOs have so far been an experiment in disaster, something about not having an ultimate authority seems to really crimp organizations. I wish Oracle well but they have a lot of challenges to overcome, if I were a share holder I wouldn&#x27;t be all that pleased with this arrangement as it seems to basically leave all the same people in place with all the same problems (Amazon&#x2F;Google EC2&#x2F;GCE, MySQL vs NoSQL vs expensive Oracle, Cheap Clusters with High Reliablity vs Expensive Servers, Etc.)
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bsimpson超过 10 年前
Someone in The Verge&#x27;s comment section noted that this Forbes list will now need to be updated:<p><a href="http://www.theonion.com/articles/forbes-releases-2014-list-of-most-punchable-ceos,35694/" rel="nofollow">http:&#x2F;&#x2F;www.theonion.com&#x2F;articles&#x2F;forbes-releases-2014-list-o...</a>
spindritf超过 10 年前
<i>The final Larry Ellison scorecard: Oracle stock is up 89,640% since he took the company public in March 1986.</i><p><a href="https://twitter.com/dkberman/status/512700128801464320" rel="nofollow">https:&#x2F;&#x2F;twitter.com&#x2F;dkberman&#x2F;status&#x2F;512700128801464320</a>
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turar超过 10 年前
Co-CEOs? I only know one company that had co-CEOs, and that didn&#x27;t work out well for them.
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joelrunyon超过 10 年前
Are there any more details into why he&#x27;s doing this?
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sebst超过 10 年前
Oracle&#x27;s stock has already dropped 2.5%.<p><a href="http://techcrunch.com/2014/09/18/oracle-stock-drops-2-5-on-news-that-larry-ellison-has-relinquished-his-ceo-title/" rel="nofollow">http:&#x2F;&#x2F;techcrunch.com&#x2F;2014&#x2F;09&#x2F;18&#x2F;oracle-stock-drops-2-5-on-n...</a>
azifali超过 10 年前
The end of an era for Oracle that existed as a software (licensing) company. I think that Ellison stepping in as the CTO is probably more important than him stepping down as the CEO.<p>This move will perhaps will lay the groundwork for the next tens of billions in revenue for Oracle, in cloud based software and infrastructure.
sebst超过 10 年前
Will Oracle then become better? Maybe as good as Sun used to be?<p>just dreamin&#x27;...
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justinph超过 10 年前
What is with the capitalization on the headline on Recode? I read it and thought, who is &quot;Will Remain&quot;?<p>It should be: Larry Ellison will step down as CEO of Oracle, will remain as CTO<p>Headline capitalization is pretty easy: Capitalize the first word, then any proper nouns. That&#x27;s it.
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