Co-CEOs? I only know one company that had co-CEOs, and that didn't work out well for them.
Workday did it for about 8 years. Dave Duffield and Aneel Bhusri did pretty well, with Dave just stepping down a few months ago.
Larry Ellison Will Step Down as CEO of Oracle, Will Remain as CTO
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Re: Larry Ellison Will Step Down as CEO of Oracle, Will Remain as CTO
#52Interesting that they name Co-CEO's in Catz and Hurd. I wonder how that will work, especially given Hurd's "tough to work with" reputation. Interestingly Ellison will be the CTO. This could be a shit show with 3 people trying to run the show! I mean does anyone really expect Larry Ellison to start taking marching orders. Will be interesting to watch the short interest on this company! I think the two headed CEO is wh…
Ellison will still be around? This sounds like when Putin and Medvedev swapped being president and prime minister of Russia.
That was to avoid running afoul of term limit rules.
Re: Larry Ellison Will Step Down as CEO of Oracle, Will Remain as CTO
#53The final Larry Ellison scorecard: Oracle stock is up 89,640% since he took the company public in March 1986. https://twitter.com/dkberman/status/512700128801464320
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Re: Larry Ellison Will Step Down as CEO of Oracle, Will Remain as CTO
#54The 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.
This move will perhaps will lay the groundwork for the next tens of billions in revenue for Oracle, in cloud based software and infrastructure.
Re: Larry Ellison Will Step Down as CEO of Oracle, Will Remain as CTO
#55What is with the capitalization on the headline on Recode? I read it and thought, who is "Will Remain"? It should be: Larry Ellison will step down as CEO of Oracle, will remain as CTO Headline capitalization is pretty easy: Capitalize the first word, then any proper nouns. That's it.
Still pretty popular in newspaper land. Despite your protestations, both the NYT and the WSJ websites still use title case.
https://en.wikipedia.org/wiki/Letter_case#Headings_and_publi...
http://www.nytimes.com/2014/09/19/technology/larry-ellison-s... http://online.wsj.com/articles/larry-ellison-to-step-aside-a...
P.S. The other three sites I checked (LA Times, USA Today, and Washington Post) websites do not.
Re: Larry Ellison Will Step Down as CEO of Oracle, Will Remain as CTO
#56Re: Larry Ellison Will Step Down as CEO of Oracle, Will Remain as CTO
#57Re: Larry Ellison Will Step Down as CEO of Oracle, Will Remain as CTO
#58Re: Larry Ellison Will Step Down as CEO of Oracle, Will Remain as CTO
#59Demonstrating once again that tech companies really don't "get" succession planning :-) I'm kind of half joking, if you look at a bunch of 'old school' BigCorps, the progression is (CEO->Chairman, SVPx -> CEO, VPx -> 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. Co-CEOs have so far been an experiment in disaster, something about…
Larry Ellison may "get" more about running a Fortune 100 tech company than you give him credit for.
Re: Larry Ellison Will Step Down as CEO of Oracle, Will Remain as CTO
#60Earlier quoted context omitted.
Ellison will still be around? This sounds like when Putin and Medvedev swapped being president and prime minister of Russia.
That was to avoid running afoul of term limit rules.
I believe his point was that it sounds like a situation where Ellison will be retaining de facto control despite giving up the 'top title'.