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MobileDevelopment版 - 教主之友Larry Ellison, gives up his job after nearly four decades
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话题: oracle话题: ellison话题: he话题: his话题: catz
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REDWOOD CITY -- Larry Ellison's stunning announcement Thursday that he is
stepping aside as CEO of Oracle, the corporate colossus he has overseen for
37 years, signals a historic shift in the Bay Area's technology landscape,
though the impact on his company remains to be seen because he is vowing to
stay intimately involved.
"I take this as the sound of a generation handing off to the future," said
tech forecaster Paul Saffo. "He's as much a landmark in Silicon Valley as
the Oracle towers" in Redwood City.
Indeed, with the likes of Intel's Andy Grove, Apple's Steve Jobs, and David
Packard and William Hewlett of Hewlett-Packard long since gone from their
corporations, Ellison, who turned 70 last month, was one of the last of the
valley's legendary CEOs with his hand still on his company's tiller.
Larry Ellison, CEO and founder of Oracle, with Safra Catz at the Oracle Open
World, 2007.
Larry Ellison, CEO and founder of Oracle, with Safra Catz at the Oracle Open
World, 2007. (David M. Barreda, Mercury News)
Several industry observers speculated that Ellison, who is taking a new
position as executive chairman and chief technology officer, is giving up
the chief executive post to have more time for his innumerable other
interests.
Ranked by Forbes magazine as the fifth-richest person in the world with a
net worth of $48 billion, Ellison is as legendary for his varied and
sometimes eccentric personal pursuits as he is for the corporation he
cofounded and has led since 1977.
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Winner of the America's Cup yacht race in 2010 and 2013, he has bought up
multimillion-dollar properties around the world -- including the Hawaiian
island of Lanai -- loves fast cars, and has owned and flown aircraft ranging
from business jets to Russian-made military fighters. He also has a passion
for Japanese art, and has designed his Woodside home -- valued at around $
100 million -- with ornamental bridges, a waterfall with rocks chiseled by
Japanese stonemasons and a Japanese-styled boat that escorts guests across a
lake to his main house.
DELEGATION
Because of those interests, Creative Strategies tech analyst Tim Bajarin
noted that Ellison in recent years already had delegated much of the
responsibility for Oracle's day-to-day operations to his lieutenants, Safra
Catz and Mark Hurd, who were co-presidents and now will be co-chief
executives.
"Even during his CEO role he was heavily involved with his sailing," Bajarin
said of Ellison. "Now he's running an island."
Nonetheless, Ellison also loves tinkering with Oracle's technology --
particularly its business software offerings. And some industry experts
speculate that he may have trouble completely stepping away from his company
if he senses it's running into trouble.
"I predict a rocky road ahead for Oracle as it struggles to reshape itself
without its leading figure," said Sandy Kurtzig, chief executive of Kenandy,
a competing Redwood City software firm.
In fact, Oracle's earnings in recent months have failed to meet Wall Street'
s expectations -- including its latest quarterly report on Thursday. And if
the company has trouble gaining ground in some of the markets Ellison has
identified as key growth areas, she predicted, "it will be hard for Larry to
stay on the sidelines."
Long among the world's biggest sellers of business-oriented database and
other software, Oracle also sells computer server and storage equipment, a
business niche it entered by buying Sun Microsystems in 2010. In addition,
it has been moving rapidly to providing Internet-based --or so-called cloud
-- services, a highly competitive niche.
Yet it has struggled to gain ground in these new markets and some investors
have been upset at how much it pays its top brass, especially Ellison, who
has been America's top-paid corporate executive or close to it for years. As
a result, Oracle in July slashed by more than half the annual stock options
it awards Ellison and other executives, although it wasn't clear if the
company planned to give them additional options later.
In a conference call with analysts Thursday, Ellison said his main
motivation for relinquishing his post was to formally acknowledge the "
spectacular job" Catz and Hurd have done. But he quickly added that his role
-- and that of the two new co-CEOs -- would remain essentially the same.
"I'm going to continue doing what I've been doing for the last several years
and they're going to continue doing what they've been doing," he said.
When asked if he believed his duties would be different now, Hurd responded
with a curt "no" and Catz added, "I want to make sure we are very, very
clear. There will actually be no changes."
The company noted that all manufacturing, finance, and legal functions would
continue to be overseen by Catz, and that Oracle's sales, service and other
global business units will continue to report to Hurd, while Ellison
continues supervising software and hardware engineering functions.
It remains to be seen how well that will work and whether Oracle's
shareholders will like the change. After the company's stock price rose 41
cents or about 1 percent to close at $41.55 cents before the announcement,
it dropped nearly 2 percent in early after-hours trading. And some analysts
remain cautious.
"Oracle's results have been disappointing for many quarters now," said
Forrester Research analyst John Rymer, and "shuffling the leadership deck
doesn't really change anything."
Contact Steve Johnson at [email protected]
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or 408-920-5043. Follow
him at Twitter.com/steveatmercnews
Safra A. CatzCatz, who was named Oracle's co-CEO on Thursday, has been the
company's co-president since January 2004, a member of its board of
directors since October 2001 and its chief financial officer since April
2011.
She first served as Oracle's chief financial officer from November 2005 to
September 2008, as executive vice president from November 1999 to January
2004, and as senior vice president from April 1999 to October 1999. In May
2008, she also was appointed to a three-year term as board member for HSBC
Holdings, a financial services firm.
Mark HurdHurd, also named co-CEO, joined Oracle in 2010 and had been co-
president with Catz. In that role, he oversaw Oracle's sales, marketing and
other activities.
Before joining Oracle, he was chairman of the board and chief executive
officer of Palo Alto-based Hewlett-Packard. Before that, he spent 25 years
at NCR, where he was chief executive officer and president.
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相关话题的讨论汇总
话题: oracle话题: ellison话题: he话题: his话题: catz