Friday, September 26, 2014

Cloudy Oracle

Some things are always crystal clear:

"Larry Ellison steps down as chief of Oracle" by Quentin Hardy | New York Times   September 19, 2014

SAN FRANCISCO — Lawrence J. Ellison is retiring as chief executive of Oracle Corp., a company he founded in 1977 that has transformed the business world and made him one of the world’s richest people.

His departure, announced Thursday, is among the last exits of the tech industry’s first generation of celebrity executives, who took computers from the back offices of a few big institutions and into the mainstream of everyday life.

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Along with Bill Gates at Microsoft and Andy Grove at Intel, Ellison was among the most important — and flamboyant — figures of tech’s early boom.

His personal fortune, estimated by Bloomberg at $46 billion, has helped Ellison become one of the technology industry’s most recognizable individuals. He has been married four times, and in 2013 his sailboat racing team, Oracle Team USA, won the America’s Cup for the second time in San Francisco.

A licensed pilot and collector of exotic aircraft, he lives on an estate in Woodside, Calif., valued at more than $100 million, and has more properties as well as a yacht nearly the length of a football field. He bought the 141-square-mile Hawaiian island of Lanai in 2012 for a reported $300 million, and is in the process of turning it into a technology-infused sustainable community.

Born in New York, he was adopted by an aunt and uncle and grew up in a Jewish household in Chicago. He is known for a fascination with Japanese samurai culture....

There is no longer any denying who the paper is written of, by, and for.

On Thursday Oracle reported first-quarter revenue of $8.6 billion and net income of $2.2 billion, or 48 cents a share.

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