Billionaire Oracle CEO Larry Ellison doesn't expect the U.S. economy to significantly improve until halfway through the next decade – a gloomy scenario he dubbed an L-shaped recovery.
"The American consumer is so deeply in debt, this is not going to come back, certainly for five years," he told a packed ballroom at a Churchill Club event in San Jose. "I believe we're going through some fundamental changes."Jon Fortt - Sep 22, 2009 6:30 AM ET
Strong first quarter earnings underscore the prowess of Oracle's Ellison.
I spent most of the summer reporting and writing a feature story about Safra Catz, the enigmatic co-president of Oracle (ORCL). I talked to oodles of people about Catz's ambitions, her value to the company, the likelihood of her becoming CEO, and her relationship with Charles Phillips, Oracle's other co-president.
All this is in the article, published in the current issue of MOREAdam Lashinsky, Sr. Editor at Large - Sep 16, 2009 5:13 PM ET
She's CEO Larry Ellison's secretive but effective right hand, and one of the most powerful women in Silicon Valley. But who is she, really?
After months of on-again-off-again negotiations to sell itself to IBM, Sun Microsystems this spring found a new, if unlikely, suitor. Oracle, the business-software giant, in many ways promised to be a better fit for Sun, the beleaguered maker of server computers.
A Silicon Valley neighbor whose CEO, Larry MOREAdam Lashinsky, Sr. Editor at Large - Sep 10, 2009 10:11 AM ET
The shrinking of the tech sector threatens creativity and new thinking
By Christopher Lochhead, strategy advisor and former chief marketing officer, Mercury Interactive
Is Silicon Valley at risk of becoming Detroit 2.0 -- a company town dominated by a handful of big, uninspired conglomerates?
Consolidation is replacing innovation as the hot strategy. During his company's battle for PeopleSoft, Oracle CEO Larry Ellison declared that the software industry has entered a "period of contraction MOREJul 22, 2009 8:00 AM ET
Having topped Forbes' list of the U.S.'s highest-paid CEOs last year with a total compensation of $646 million -- thanks almost entirely to restricted stock grants that vested in 2006 -- Apple's (AAPL) $1-a-year CEO dropped to No. 120 this year. Total 2007 compensation: a mere $14.6 million.
Steve Jobs doesn't even make the magazine's list of the top 10 highest-paid tech CEOs. Oracle's (ORCL) Larry Ellison, America's highest-paid CEO, is MOREPhilip Elmer-DeWitt - May 2, 2008 4:39 PM ET
|GM's $1.3 billion recall cost wipes out profit|
|Regulators pave way for Internet "fast lane" with net neutrality rules|
|Female gun instructors in hot demand|
|Apple shares soar on increased buyback|
|Premarkets:Buoyed by Apple, Facebook (but not GM)|