Cloud Computing: Oracle CEO changes – laying out the conspiracy theories
September 21, 2014
Grazed from GigaOm. Author: Barb Darrow.
News this week that Larry Ellison was stepping down as CEO of Oracle rocked the industry. That juicy tidbit came out Thursday afternoon as Oracle disclosed first quarter earnings but as the earnings call unfolded, the story evolved into a Larry-stepping-up-and-over to become executive chairman and CTO.
The new co-CEOs Safra Catz and Mark Hurd report to that board which he oversees. Soooo, what does that mean? Talking to a raft of Oracle watchers since Thursday a couple theories have arisen. And, just to make this crystal clear, this is entirely, 100 percent speculation…
Here are four theories:
1: Oracle’s board grew a spine and decided it was time for Ellison to give up the CEO slot after 37 years. The company has posted several less-than-stellar quarters and critics say Oracle’s Oracle mis-read the cloud computing revolution and probably made a mistake in getting Oracle into the hardware business via its 5-year-old $7.4 billion acquisition of Sun Microsystems. The new executive chairman and CTO titles are just window dressing…
Read more from the source @ https://gigaom.com/2014/09/21/oracle-ceo-changes-laying-out-the-conspiracy-theories/