Larry Ellison Steps Down as Oracle CEO

Larry Ellison has stepped down as the CEO of Oracle, the company he founded and helped grow into one of the most successful business software companies in the world.

News of his departure broke on Thursday afternoon,

Ellison is the fifth richest man in the world, according to Forbes, with a net worth of around $48 billion

Mark Hurd, who had been president, and Safra Catz, who served as chief financial officer, will share the role of CEO

This story is developing. More to come.. Read more...

More about Oracle, Business, and Larry Ellison