Usually the only time we talk about Oracle is in relation to its battle with Google over Java and the use of its APis in Android, but not today. Co-founder Larry Ellison is stepping down from the post of CEO, and moving to a new post as Executive Chairman of the Board and CTO. Taking over the reins of the enterprise software company is the duo of Safra Catz and Mark Hurd. You'll recall Hurd as the former CEO of HP, who resigned from that company over a sexual harassment investigation and false expense reports, and then became the target of a lawsuit when he joined Oracle four years ago. Pictured above at a Golden State Warriors game, it doesn't appear that Larry is going to sink his billions into a team Ballmer-style, as Oracle claims he will "keep working full time and focus his energy on product engineering, technology development and strategy." Of course, with his boats, islands and everything else a $50~ billion net worth gets you, we're figuring a vacation or two is due.
[Image credit: NBAE/Getty Images]
Source: Oracle
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