Difference between revisions of "Larry Ellison"

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Larry Ellison

Larry Ellison [url text] Type Billionaire Entrepreneur Launch Date 1977 Status Active Product Line Oracle Platform SQL, Databases Website https://oracle.com/

Larry Joseph Ellison^[1] is an American billionaire technology entrepreneur who is most notable for founding Oracle Corporation. He is currently listed by Forbes as the fifth wealthiest person in the world by net worth ^[2]. He is also notable for being a figurehead in the tech community for philanthropy and investing. As of 3/13/20, Ellison had a net worth of 57.1 billion dollars, primarily attributed to his stake-holdings in his company, Oracle Corporation.

Early Life and Inspirations

At just the age of nine, Ellison was given to his aunt and uncle for adoption, and would not meet his biological mother again until the age of 48. Ellison grew up in a primarily Jewish household, but it is noted that he often scolded religion and religious beliefs due to lack of evidence. Ellison has also stated that his love for the Israeli community is not based on religious principles, but rather the Israeli's love for technology and innovation. Ellison attended the University of Illinois, Urbana Champaign to but soon dropped out after only four semesters. He briefly attended the University of Chicago to study math and physics, but was promptly expelled due to extremely poor performance in his classes. He soon moved to Berkeley, California, one of the technology centers of silicon valley.

Founding of Oracle Corporation and Early Days

Ellison quickly found interest in designing relational database software. He briefly worked at Ampex Corporation, where he designed a database for the CIA, which he named "Oracle." He quickly broke off from Ampex and cofounded Software Development Laboratories, which soon after would be renamed to Relational Software Inc, then to Oracle Corporation. In the early 1990's Oracle seemed to be going downhill and was losing money faster than it could make it back. Ellison decided to lay off nearly 10% of it's workforce due to the losses. During this time with Ellison at the helm as chief executive officer, Oracle nearly went bankrupt.

Oracle from 2000 to the Present

During the early 2000's, Oracle finally began to see sales and profits due to the large contracts from the government. During this time, Ellison built himself up to be the lavish and extravagant CEO he is today. As of 2013, Oracle's principle competition in databasing were IBM's DB2, and Microsoft's SQL server. Ellison would later have his own personal stint and controversy with Microsoft. Ellison was known personally as an aggressive negotiator and brash businessman. During the early to mid 2000's, Oracle acquired several large corporations including Sun Microsystems, and Peoplesoft Corporation. Oracle and Ellison battled IBM and HP in order to acquire Sun Microsystems due to their control of the MySQL relational database, which would become one of Oracle's prime selling points. Oracle and Ellison were also noted for the hostile takeover of Peoplesoft Corporation by Oracle. After the acquisition, Ellison decided to lay off over half of peoplesoft's employees, resulting in 6,000 of the 11,000 employees losing their jobs. Oracle and Ellison are often criticized for this hostile takeover ^[3].

In 2010, Ellison spoke out about the firing of then HP CEO Mark Hurd, saying "the HP board just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago." This did not come without controversy though, as Hurd was fired for violating HP's sexual assault and harassment policies. Ellison has often been known for some of his outlandish remarks which have often stirred controversy. As of March 2020, Ellison was listed as the fifth wealthiest person in the world, with a net worth of 57.1 billion dollars. Ellison owns stakes in Salesforce.com, NetSuite, Quark Biotechnology Inc. and Astex Pharmaceuticals.

Personal Controversies and Issues

In June of 2012, Ellison made headlines by announcing his purchasing of 98% of the Hawaiian island of Lana'i. It is reported he payed between 500 and 600 million dollars for the purchase. This purchase was heavily criticized, with many people citing that privatizing an island known for its Polynesian and native Hawaiian history was simple unethical. Ellison has often been known and regarded for his extremely luxurious and lavish lifestyle. In 2011, Ellison settled a lawsuit he filed against his neighbors because their redwood trees in their backyard, were obstructing some of the view of the San Francisco Bay Area from his home ^[4]. Ellison has also been noted to consistently outspend his billion dollar credit budget ^[5].

Technology Controversies

Ellison versus Microsoft

In 2002, Ellison hired private investigators to look into Microsoft's ties to research groups that allegedly supported Microsoft during their antitrust trial. Ellison personally came out to defend the decision. Ellison said Oracle was right to try to expose alleged Microsoft ties to research groups, even if it meant buying somebody else's garbage. The investigators hired by Ellison attempted to form connections against Microsoft by sifting through purchased incriminating garbage. Ellison maintains that Oracle was not spying, rather trying to expose Microsoft for wrongdoings ^[6].

Government JEDI Contract

Microsoft would soon best Ellison and Oracle again when the government decided to award Microsoft Azure it's huge 10 billion dollar JEDI contract over Amazon Web Services and Oracle. Oracle and Ellison claimed that the contract should be dispersed and shared amongst large tech firms for security purposes, rather than the entire contract being awarded to a single cloud provider. Oracle attempted to sue the department of defense, but lost in a quickly dismissed case. They have since filed an appeal and it is currently still being processed ^[7].

References