Oracle executive chairman Larry Ellison said the software giant won’t hire a second CEO to run the business alongside Safra Catz, deciding not to replace the late Mark Hurd.
The late Oracle co-CEO was a relentless hustler and loved the art of doing business more than just about any other executive. By Ashlee Vance.
Mark Hurd, who was CEO of three major technology companies including Oracle, has died. He was 62.
Oracle has unveiled an operating system that runs without the need for human oversight, part of a raft of new software tools meant to ease the company’s rocky transition to cloud computing.
Oracle said CEO Mark Hurd will take a leave of absence for health-related reasons. Founder Larry Ellison and Safra Catz, who shares the CEO role with Hurd, will assume Hurd’s responsibilities during his absence.
Oracle announced on Wednesday that it has secured a cloud-computing alliance with Microsoft, an acknowledgment the database giant’s go-it-alone approach to the cloud wasn’t working.
Oracle founder Larry Ellison has emerged as the second biggest individual investor in Tesla with a holding worth $1-billion in the electric car maker.
Tesla has added Larry Ellison and Kathleen Wilson-Thompson to its board, picking a controversial Silicon Valley luminary and a respected human resources expert to show securities regulators that it’s giving Elon Musk more oversight.
Oracle founder Larry Ellison is a big believer in Tesla and defender of his friend Elon Musk.
Oracle has reported sluggish quarterly sales and projected anaemic growth in the current period, signalling it continues to stumble in its transition to cloud computing.
