A Salute to Ellison

On September 18 it was announced that Larry Ellison would be stepping down as Oracle’s CEO, with Mark Hurd and Safra Catz to become co-CEOs. Ellison will become executive chairman and CTO.

 

From our Invitee Blogger Madora Consulting UK

(link to original post at the end of this article)

On September 18 it was announced that Larry Ellison would be stepping down as Oracle’s CEO, with Mark Hurd and Safra Catz to become co-CEOs. Ellison will become executive chairman and CTO.

Although there has been much speculation and some confusion around Larry’s decision to do this, one should remember he is seventy years old. There is no denying that he looks great for his age but he must surely be thinking of the future and also a succession plan. Larry’s two lieutenants have been working together closely for the last four years, so allowing them both more rope to focus on their respective areas could be a way for Larry focus on what he loves best – product engineering.  Both Safra and Mark will report directly to the board rather than Larry.

“Great achievers are driven, not so much by the pursuit of success, but by the fear of failure.” – Larry Ellison

Larry

The markets had a varied view of the new two Co-CEOs. Mark has particularly got a beating from the press in the past. Oracle shares fell as much as 2.4 % to $40.55 in the after-hours trading

It will be interesting to see whether this is a new era for Oracle, together with the new announcements on Cloud, PaaS, IaaS, maybe Oracle is listening to the demand of customers and evolving.

Whatever your views on Larry Ellison, I think we must give credit to the man.  He has created not only massive wealth for himself but more importantly created literally hundreds of thousands of jobs within Oracle itself and a large eco-system that employs hundreds of thousands in supporting it.

  • From humble beginnings in 1978 to more than 120,000 employees.
  • US$38.3 billion total GAAP revenue in FY 2014.
  • 400,000 customers including 100 of the Fortune 100.
  • Over 25,000 Oracle partners Worldwide.

Madora are proud to be part of the Oracle eco-system and the fact is we love the technology.  We believe it has and continues to transform business operations which make the world better for many people. Sure the organisation is complex, the product portfolio is vast and understanding the commercials and licensing policies is a moving target but we could not imagine Oracle not being around.  Is it just too big to fail now?

Larry

Photo courtesy of the other Martin Taylor(CC Attribution)

So as a salute  to Larry Ellison let’s have a round up of some facts on the rags to riches Billionaire Larry Ellison.

Early beginnings – Ellison had a difficult childhood growing up in Chicago.

Born to an unmarried teenage mother in the Bronx, New York, he only found he was adopted (by his aunt and uncle) aged 12 and did not meet his biological mother until he was 48.

Education  – He went to the University of Illinois. His adoptive mother died when he was in his second year of studies. He failed his final exams and then dropped out. He tried to continue his education the next year at the University of Chicago but he only attended there for one term, then he quit.

Marriage and kids  – He has had four different wives and he divorced them all. His third wife, Barbara Boothe is also the mother of his two children: David and Megan. Both David and Megan are successful Hollywood Producers.

Early career  – Ellison bounced from job to job, working as a technician for the Fireman’s Fund and Wells Fargo bank.

As a programmer at Amdahl Corporation, he participated in building the first IBM-compatible mainframe system

Oracle Career 1977 – Ellison, Bob Miner, and Ed Oates founded Software Development Laboratories (SDL), and were contracted by the CIA to build a database program code-named “Oracle.” The company’s name is later changed to Relational Technologies, then Oracle Corporation.

Living the dream – Larry certainly knows how to enjoy his money, and is truly living the dream. He’s a licensed pilot who has owned several aircraft including at least two military jets: a SIAI-Marchetti S.211, a training aircraft designed in Italy, and a decommissioned MiG-29

Ellison’s most famous mansion is in Woodside, Calif. The estate was styled to look like a feudal Japanese village, complete with a two-acre man made lake. The house is estimated to be worth about $110 million.

Ellison owns 98% of Lanai, Hawaii’s sixth-largest island.

Ellison owns the 288-foot Musashi, the 50th-largest yacht in the world. The yacht, named after a samurai warrior, includes a basketball court. In 2010, he sold Rising Sun, his mammoth 453-foot yacht, to Hollywood mogul David Geffen. It’s the 10th-largest yacht in the world, according to Boat International.

He also runs the America’s Cup Oracle Team USA, which won the boating tournament last year. But the victory was controversial — Ellison’s team was fined $250,000 by an international jury for making illegal modifications to its 2012 yacht.

Original Post at : http://madora.co.uk/larry-ellison/

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