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Larry Ellison

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31 views10 pages

Larry Ellison

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Himanshu
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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LARRY ELLISON

CO FOUNDER AND CEO OF ORACLE

Larry Ellison’s entrepreneur journey


By- Khushi Ansari
ABOUT ORACLE
CORPORATION
The Oracle Corporation is an
American global computer
technology corporation,
headquartered in Redwood
City, California.

The company primarily


specializes in developing and
marketing computer
hardware systems and
enterprises software
products – particularly its
won brands of database
management systems.

It is founded in June 16, 1977

Larry Ellison, a co-founder


of oracle, served as Oracle’s
CEO from founding till 2014.
About Larry Ellison
Larry Ellison, in full Lawrence Joseph Ellison was born on
August 17, 1944. His birthplace is New York City, New York, U.S.
He is an American businessman and entrepreneur who was
cofounder and chief executive officer (1977–2014) of
the software company Oracle Corporation.
His personal Life
His mother, Florence Spellman, was a 19-year-old
single parent. After he had a bout of pneumonia at
the age of nine months, she sent him to Chicago to
live with her aunt and uncle, Lillian and Louis
Ellison.
He attended the University of Illinois in Urbana-
Champaign from 1962 but dropped out in 1964
shortly after Lillian’s death. He didn’t had a great
relationship with his adopted father i.e. his uncle
LOUIS, he always used to demotivate him and never
accepted the boy.
Work experience and ORACLE initiation
WORK EXPERIENCES
He went to California and spent the next several years as a computer programmer for various companies. Beginning in 1973, he
worked at the electronics company Ampex, where he met fellow programmer Ed Oates and was supervised by Bob Miner. Ellison
left Ampex in 1976 and later joined Precision Instruments (later Omex), where he was vice president of research and development
.
INITIATION OF ORACLE
In 1977 Ellison joined with Miner and Oates to form Software Development Laboratories (SDL), which was created
to do contract programming for other companies. Ellison wanted SDL to do more. Inspired by a research paper
written by British-born computer scientist Edgar F. Codd that outlined a relational database model, Ellison and
his colleagues saw commercial potential in the approach, which organized large amounts of data in a way that
allowed for efficient storage and quick retrieval. Ellison, Miner, and Oates set to work developing and marketing a
program based on Codd’s data-management theory. They received a contract from the Central Intelligence Agency
to develop a database, and they began working on a commercial relational database program. In 1979 the
company (now called Relational Software, Inc.) released Oracle, the earliest commercial relational database
program to use Structured Query Language (SQL), and the versatile database program quickly became popular.
Growth of ORACLE
Known for innovation and aggressive marketing, the company, renamed Oracle Systems Corporation (later Oracle
Corporation) in 1982 after its flagship product, grew rapidly throughout the 1980s, going public in 1986. In 1987
Oracle became the largest database-management company in the world. However, in 1990 an internal audit
conducted in the wake of a shareholder’s lawsuit revealed that Oracle had overstated its earnings, and the
company’s stock plunged dramatically. Ellison restructured Oracle’s management, and by the end of 1992 the
company had returned to financial health.
Ellison was one of Silicon Valley’s most divisive figures, being both admired for his great success and deplored for
his sometimes ruthless business methods and his conspicuous consumption.
In 2012 Ellison bought 98 percent of the Hawaiian island of Lanai. That year it was estimated that his personal
fortune was worth about $40 billion, making him the sixth richest person in the world and the third richest
American (after Microsoft founder Bill Gates and investor Warren Buffett). In September 2014 Ellison stepped
down as CEO of Oracle, though he remained involved with the company, serving as executive chairman and chief
technology officer.
Conclusion
Oracle’s Current Position
It's a huge market that was worth $321 billion in 2019 and is projected to top $1 trillion by 2026. Oracle is now
getting the majority of its revenue from its cloud-based applications. One of the keys to its continued growth is a
push into cloud infrastructure with Oracle Cloud.
Ellison’s Retirement from CEO
In 2014, Ellison officially stepped down as Oracle CEO, handing control over to Hurd and Katz, who became co-CEOs.
Ellison now serves as the company's chairman and chief technology officer.
Larry Ellison’s Current Position
Ellison, 77, owns more than 40% of Oracle, the enterprise software company that he co-founded in 1977 and where
he still serves as chairman and chief technology officer.

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