How Larry Ellison Became The Fifth Richest Man In The World By Using IBM's Idea
REUTERS/Robert Galbraith
It's the end of an era in the computer industry. Oracle CEO Larry Ellison, the longest-running founder CEO the tech industry has ever seen, is stepping down from the CEO role. He's been CEO at Oracle since 1977. He will now become executive chairman and CTO.
He is turning the reins over to his his right-hand man and woman. Mark Hurd and Safra Catz will become co-CEOs.
Ellison's life story sounds like a made-for-TV movie saga. Raised by working-class Russian-
Jewish immigrant relatives on Chicago's South Side, he was always bright but never a great student, dropped out of college not just once, but twice, before moving to Northern California at age 22, in 1966.
Once in California, he got work as a computer programmer. Then he read a paper published by IBM about a new kind of database programming language called SQL.
Ellison took that paper and turned SQL into the Oracle database, rewriting it so it could run on any computer. And he founded Oracle with his former boss, Robert Miner, along with Ed Oates and Bruce Scott.
It wasn't an instant success, reports Forbes, but after a few years, SQL took off.
The Oracle database became the most popular database ever sold and it propelled Ellison to become the best-paid CEO in the world and the fifth richest man in the world, with a net worth of $51 billion.
- I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Prince Harry and Meghan found out about Kate Middleton's cancer diagnosis on TV like everyone else, report says
- Upcoming cars and two-wheelers launching in India in April 2024
- Ice melt in Antarctica and Greenland is slowing Earth's rotation, affecting timekeeping: Study
- Elections on a plate: Poll panels fix menu & expense ceiling for Samosa, tea, biryani & more
- Regenerative farming, cover crops will help farmers increase yields, reduce stubble burning: IDH CEO
- Sustainable Event Planning