6 ms·

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 Elli

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 what the street expected all along as Catz has been around for ever and alot of people thought that Hurd, the former HP CEO, was promised the CEO title when Ellison resigned. It looks like they, Catz and Hurd, will split the running of day to day operations as Hurd gets sales, marketing and strategy reporting to him, while Catz will continue to have finance, legal and manufacturing. Its down about a dollar after the close on about a third higher trading volume than normal. So it doesn't look like anyone is "spooked" by the news.

keebEz 12y ago
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).
- j_baker 12y ago
  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).
  - shouldbeworking 12y ago
    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 http://en.wikipedia.org/wiki/Larry_Ellison
    - commandar 12y ago
      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.
    - atlantic 12y ago
      It's odd that you would see a reference to someone's eventual death as an insult. For a 70-year-old man, death looms large, whatever Wikipedia has to say on the subject.
- mathattack 12y ago
  I think you're right. At first I thought it would be to bring out a knife fight. In reflection, it seems like they're going towards a triumvirate similar to Google. Larry wants to be Eric Schmidt, but can't be if he's got the CEO title. Everyone would defer to him for everything.
linuxfault 12y ago
Safra has been the driver of this car for a long time now anyway. Larry is more of a figure. Hurd is an asshole.
Apocryphon 12y ago
Ellison will still be around? This sounds like when Putin and Medvedev swapped being president and prime minister of Russia.
- astrodust 12y ago
  That was to avoid running afoul of term limit rules.
  - dtparr 12y ago
    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'.
j_baker 12y ago
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?
- swartkrans 12y ago
  Why do you think that a CTO has to be highly technical? Does a CTO at a big technology company write code? Line level engineering managers don't even write code a lot of the time. You just deal in the high-level abstract.
  - mathattack 12y ago
    He's got to be on top of all the industry trends. Say what you will about Larry, he is on top of this.
    - jayvanguard 12y ago
      Really? That isn't obvious to me by what Oracle has done over the past 10-15 years.
      - mathattack 12y ago
        Their course corrections have been as good as any large company. Even if the product wasn't there, they caught many of the biggest trends. Even Microsoft didn't see the internet coming.
- phillmv 12y ago
  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 Development Laboratories (SDL) with two partners and an investment of $2,000; $1,200 of the money was his. It's really not clear from the first few hits off Google what his role was in developing Oracle, the application, but he's not like, _untechnical_.
damoncali 12y ago
It will be like herding cats.

keebEz 12y ago

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).

j_baker 12y ago
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).
- shouldbeworking 12y ago
  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 http://en.wikipedia.org/wiki/Larry_Ellison
  - commandar 12y ago
    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.
  - atlantic 12y ago
    It's odd that you would see a reference to someone's eventual death as an insult. For a 70-year-old man, death looms large, whatever Wikipedia has to say on the subject.
mathattack 12y ago
I think you're right. At first I thought it would be to bring out a knife fight. In reflection, it seems like they're going towards a triumvirate similar to Google. Larry wants to be Eric Schmidt, but can't be if he's got the CEO title. Everyone would defer to him for everything.

linuxfault 12y ago

Safra has been the driver of this car for a long time now anyway. Larry is more of a figure. Hurd is an asshole.

Apocryphon 12y ago

Ellison will still be around? This sounds like when Putin and Medvedev swapped being president and prime minister of Russia.

astrodust 12y ago
That was to avoid running afoul of term limit rules.
- dtparr 12y ago
  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'.

j_baker 12y ago

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?

swartkrans 12y ago
Why do you think that a CTO has to be highly technical? Does a CTO at a big technology company write code? Line level engineering managers don't even write code a lot of the time. You just deal in the high-level abstract.
- mathattack 12y ago
  He's got to be on top of all the industry trends. Say what you will about Larry, he is on top of this.
  - jayvanguard 12y ago
    Really? That isn't obvious to me by what Oracle has done over the past 10-15 years.
    - mathattack 12y ago
      Their course corrections have been as good as any large company. Even if the product wasn't there, they caught many of the biggest trends. Even Microsoft didn't see the internet coming.
phillmv 12y ago
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 Development Laboratories (SDL) with two partners and an investment of $2,000; $1,200 of the money was his. It's really not clear from the first few hits off Google what his role was in developing Oracle, the application, but he's not like, _untechnical_.

damoncali 12y ago

It will be like herding cats.