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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

#71

Post by shouldbeworking »

j_baker wrote: post #62
keebEz wrote: post #34

Earlier quoted context omitted.

Oracle has been run by the three of them for awhile now. This is most likely a reduction in the responsibilities for Larry (ie. not getting flak for skipping out on earnings calls/keynotes when he wants to watch his boat race) and thus mostly a change in title without significant change to operations (other than messaging to the Street what the succession plan is).

Yeah, I think Ellison is heading for a "phased" retirement. Eventually, he'll give up the CTO role and just be Chairman. Then he'll give up the Chairman role (perhaps when he dies).

I don't see becoming CTO as heading for retirement. If he wanted to semi-retire he could adopt some other title like Chief Software Architect.

Also your mention of his eventual death sounds insulting. There are plenty of better things to pick apart Ellison for besides his age, and he isn't all that old. There isn't a single mention of his health in the wikipedia article about him: http://en.wikipedia.org/wiki/Larry_Ellison

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

#72

Post by commandar »

shouldbeworking wrote: post #71
j_baker wrote: post #62

Earlier quoted context omitted.

Yeah, I think Ellison is heading for a "phased" retirement. Eventually, he'll give up the CTO role and just be Chairman. Then he'll give up the Chairman role (perhaps when he dies).

I don't see becoming CTO as heading for retirement. If he wanted to semi-retire he could adopt some other title like Chief Software Architect. Also your mention of his eventual death sounds insulting. There are plenty of better things to pick apart Ellison for besides his age, and he isn't all that old. There isn't a single mention of his health in the wikipedia article about him: http://en.wikipedia.org/wiki/Larry_E…

I didn't read it as an attack so much as saying that Ellison may very well never step away from the company, short of being forced to by death.

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

#73

Post by damoncali »

chollida1 wrote: post #6

Interesting 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…

It will be like herding cats.

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

#74

Post by rstupek »

lclarkmichalek wrote: post #35
jsmthrowaway wrote: post #32

Earlier quoted context omitted.

What is it about Ellison that makes people say Bond villain, beyond the yacht and such? You're not the first person I've heard say that. (I'm not critiquing, I think it's amusing.)

He doesn't seem to like free software and Oracle charges a lot for their software. Literally Hitler

Wow doesn't like free software equates to killing millions in gas chambers?

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

#75

Post by scholia »

pavlov wrote: post #58
andyl wrote: post #5

Earlier quoted context omitted.

Maybe it has something to do with him being 70?

A 70-year-old starts a new career as a CTO? If only other high tech companies were this open-minded about employing seniors.

He was already doing the CTO job, in effect. He's just retaining that post as well as becoming Executive Chairman, where he will still be in charge....

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

#76

Post by rodgerd »

j_baker wrote: post #61
chollida1 wrote: post #6

Interesting 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…

The thing that is weird to me is that Ellison is CTO. I don't really think he's a highly technical person, or is he?

Someone I spoke to after the Sun merger said one of the adjustments Sun engineers had to make was Ellison wandering around desks in Oracle talking about what people were working on, and asking "That looks cool. What could you achieve if I gave another $x million in funding?" if the technology looked interesting to him.

A received anecdote, but the thrust was that Ellison is pretty keenly interested in how it all works, as well as being a ruthless businessman.

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

#77

Post by rodgerd »

MagicWishMonkey wrote: post #17
turar wrote: post #3

Co-CEOs? I only know one company that had co-CEOs, and that didn't work out well for them.

Yep, it's like Hurding Catz. Ok I'll show myself out.

I will be very disappointed if a Register subeditor isn't cutting and pasting this for a headline.

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

#78

Post by _mayo »

dsl wrote: post #20
turar wrote: post #3

Co-CEOs? I only know one company that had co-CEOs, and that didn't work out well for them.

I started digging into companies with Co-CEOs and found this: "Research by consulting firm Mercer found that as of the end of 2008, just 34 of 6,487 public firms, or 0.5 percent, had co-CEOs."

Do you have a link?

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

#79

Post by nostrademons »

phillmv wrote: post #69
j_baker wrote: post #61

Earlier quoted context omitted.

The thing that is weird to me is that Ellison is CTO. I don't really think he's a highly technical person, or is he?

Not to dwelve too far into Oracle hagiography but, >During the 1970s, after a brief stint at Amdahl Corporation, Ellison began working for Ampex Corporation. His projects included a database for the CIA, which he named "Oracle". Ellison was inspired by a paper written by Edgar F. Codd on relational database systems called "A Relational Model of Data for Large Shared Data Banks".[10] In 1977, he founded Software Devel…

Relevant Quora question:

http://www.quora.com/Was-Larry-Ellison-a-good-programmer

Also, apparently Bob Miner programmed the bulk of the original product and ran engineering, but the Quora link above says Miner considered Ellison a good programmer.

http://en.wikipedia.org/wiki/Bob_Miner

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