VR World

Larry Ellison Leaves Oracle’s Top Job

Oracle’s (NYSE: ORCL) founder and CEO announced Thursday that he was departing the company leaving control of the database firm to Mark Hurd and Safra Catz. But stepping down as the company’s chief executive doesn’t mean that Larry Ellison is parting ways with Oracle altogether. Much like how Bill Gates remained with Microsoft in a technical position as chief software architect after his departure as CEO in 2000, Ellison will remain onboard with Oracle as its chief technology officer and chair of the board. As for Oracle’s new CEO, Hurd and Catz will split that responsibility. Hurd will run sales, marketing and strategy, while Catz