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Encyclopedia > Larry Ellison
Larry Ellison

Born August 17, 1944 (1944-08-17) (age 63)
Manhattan, New York, USA
Occupation Co-founder and CEO, Oracle Corporation
Net worth $21.5 billion USD Forbes (2007)
Website
Ellison at Oracle.com

Lawrence "Larry" Joseph Ellison (born August 17, 1944) is an American entrepreneur and the co-founder and CEO of Oracle Corporation, a major enterprise software company and is the 11th richest person in the world [1] Image File history File links Larry_ellison. ... is the 229th day of the year (230th in leap years) in the Gregorian calendar. ... Year 1944 (MCMXLIV) was a leap year starting on Saturday (link will display full calendar) of the Gregorian calendar. ... This article is about the borough of New York City. ... This article is about the state. ... Chief Executive redirects here. ... Oracle Corporation (NASDAQ: ORCL) is one of the major companies developing database management systems (DBMS), tools for database development, middle-tier software, enterprise resource planning software (ERP), customer relationship management software (CRM) and supply chain management (SCM) software. ... For other uses, see Forbes (disambiguation). ... is the 229th day of the year (230th in leap years) in the Gregorian calendar. ... Year 1944 (MCMXLIV) was a leap year starting on Saturday (link will display full calendar) of the Gregorian calendar. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Oracle Corporation (NASDAQ: ORCL) is one of the major companies developing database management systems (DBMS), tools for database development, middle-tier software, enterprise resource planning software (ERP), customer relationship management software (CRM) and supply chain management (SCM) software. ... Enterprise Software is software that solves an enterprise problem (rather than a departmental problem) and usually enterprise software is written using Enterprise Software Architecture. ...

Contents

Early life

Ellison was born in New York City to Florence Spellman, a 19-year-old unwed Jewish mother. At his mother's request, he was given to his mother's aunt and uncle in Chicago to raise. Lillian Spellman Ellison and Louis Ellison adopted him when he was nine months old. Ellison did not learn the name of his mother or meet her until he was 48; the identity of his father is unknown. New York, New York and NYC redirect here. ...


The Ellison home was a two-bedroom apartment in Chicago's South Shore neighborhood, populated mostly with lower middle class Jews. Ellison remembers his adoptive mother as warm and loving, in contrast to his austere, unsupportive, and often distant adoptive father, a Russian Jew from the Crimea who adopted the name Ellison to honor his point of entry into the USA, Ellis Island, as well as to conceal his Jewish ancestry. Louis was a modest government employee who had made a small fortune in Chicago real estate, only to lose it during the Great Depression. This article is about the structure. ... South Shore is a largely African-American neighborhood, which is growing in diversity, on the south side of Chicago. ... Wikipedia does not yet have an article with this exact name. ... Motto: ÐŸÑ€Ð¾Ñ†Ð²ÐµÑ‚ание в единстве(Russian) Protsvetanie v edinstve(transliteration) Prosperity in unity Anthem: ÐÐ¸Ð²Ñ‹ и горы твои волшебны, Родина(Russian) Nivy i gory tvoi volshebny, Rodina(transliteration) Your fields and mounts are wonderful, Motherland Location of Crimea (red) with respect to Ukraine (light blue). ... Ellis Island, at the mouth of the Hudson River in New York Harbor, was at one time the main entry facility for immigrants entering the United States from January 1, 1892 until November 12, 1954. ... For other uses, see The Great Depression (disambiguation). ...


Ellison was a bright but inattentive student. He left the University of Illinois at Urbana-Champaign at the end of his second year, after not taking his final exams because his adoptive mother had just died. After spending a summer in Northern California where he lived with his friend Chuck Weiss, he attended the University of Chicago for one term, where he first encountered computer programming. At 20 years of age, he moved to northern California permanently. A Corner of Main Quad The University of Illinois at Urbana-Champaign (UIUC, U of I, or simply Illinois), is the oldest, largest, and most prestigious campus in the University of Illinois system. ... Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. ... Charles Weiss (goes by Chuck and more recently Chas), is an American software designer and one of the first employees of Oracle Corporation, having joined in 1982 when there were only 25 employees. ... For other uses, see University of Chicago (disambiguation). ... Programming redirects here. ...


Personal life

Ellison has been married four times.[2] His first three marriages ended in divorce. He was married to Adda Quinn, between 1967 and 1974. He was married to Nancy Wheeler Jenkins between 1977 and 1978. From 1983 to 1986, he was married to Barbara Boothe, with whom he had two children, a son, Dave, and a daughter.


On 18 December 2003, Ellison married Melanie Craft, a romance novelist and Oberlin grad, at his Woodside estate. His friend, Apple Computer CEO Steve Jobs, was the official wedding photographer. is the 352nd day of the year (353rd in leap years) in the Gregorian calendar. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... Melanie Craft is an American romance novelist who is currently married to American Larry Ellison, CEO of Oracle Corporation. ... A romance novel is a literary genre developed in Western culture, mainly in English-speaking countries. ... Oberlin College is a highly selective liberal arts college in Oberlin, Ohio, in the United States. ... Apple Inc. ... Steve Jobs (born Steven Paul Jobs February 24, 1955) is the CEO, chairman and co-founder of Apple Inc. ... A photographer at the Calgary Folk Music Festival Paparazzi at the Tribeca Film Festival A photographer is a person who takes a photograph using a camera. ...


Career

During the 1970s, Ellison worked for Ampex Corporation. One of his projects was a database for the CIA, which he named "Oracle". Ampex is based in Redwood City, California. ... This article is about computing. ... The CIA Seal The Central Intelligence Agency (CIA) is an American intelligence agency, responsible for obtaining and analyzing information about foreign governments, corporations, and individuals, and reporting such information to the various branches of the U.S. Government. ...


Ellison was inspired by the paper written by Edgar F. Codd on relational database systems named "A Relational Model of Data for Large Shared Data Banks." He founded Oracle in 1977, putting up a mere $2000 of his own money, under the name Software Development Laboratories (SDL). In 1979, the company was renamed Relational Software Inc., later renamed Oracle after the flagship product Oracle database. He had heard about the IBM System R database, also based on Codd's theories, and wanted Oracle to be compatible with it, but IBM made this impossible by refusing to share System R's code. The initial release of Oracle was Oracle 2; there was no Oracle 1. The release number was intended to imply that all of the bugs had been worked out of an earlier version. Edgar Frank Ted Codd (August 23, 1923 – April 18, 2003) was a British computer scientist who made seminal contributions to the theory of relational databases. ... A database management system (DBMS) is computer software designed for the purpose of managing databases. ... The term Oracle database may refer either to the database management system (DBMS) software released by Oracle Corporation as Oracle RDBMS, or to any of the individual databases managed by such software. ... International Business Machines Corporation (IBM, or colloquially, Big Blue) (NYSE: IBM) (incorporated June 15, 1911, in operation since 1888) is headquartered in Armonk, New York, USA. The company manufactures and sells computer hardware, software, and services. ... System R is a database system built as a research project at IBM San Jose Research (now IBM Almaden Research Center) in the 1970s. ...


In 1990, Oracle laid off 10% (about 400 people) of its work force because of a mismatch between cash and revenues. This crisis, which almost resulted in Oracle's bankruptcy, came about because of Oracle's "up-front" marketing strategy, in which sales people urged potential customers to buy the largest possible amount of software all at once. The sales people then booked the value of future license sales in the current quarter, thereby increasing their bonuses. This became a problem when the future sales subsequently failed to materialize. Oracle eventually had to restate its earnings twice, and also to settle out of court class action lawsuits arising from its having overstated its earnings. Ellison would later say that Oracle had made "an incredible business mistake." In law, a class action is an equitable procedural device used in litigation for determining the rights of and remedies, if any, for large numbers of people whose cases involve common questions of law and fact. ...


Although IBM dominated the mainframe relational database market with its DB2 and SQL/DS database products, it delayed entering the market for a relational database on UNIX and Windows operating systems. This left the door open for Sybase, Oracle, and Informix (and eventually Microsoft) to dominate mid-range and microcomputers.


Around this time, Oracle fell behind technically to Sybase. In 1990-1993, Sybase was the fastest growing database company and the database industry's darling vendor, but soon fell victim to its merger mania. Sybase's 1993 merger with PowerSoft resulted in a loss of focus on its core database technology. In 1993, Sybase sold the rights to its database software running under the Windows operating system to Microsoft Corporation, which now markets it under the name "SQL Server." Sybase Inc. ... Microsoft Corporation (NASDAQ: MSFT), (founded 1975), headquartered in Redmond, Washington, USA, is the worlds largest software company (with over 50,000 employees in various countries, as of May 2004). ...


In 1994, Informix Software overtook Sybase and became Oracle's most important rival. The intense war between Informix CEO Phil White and Ellison was front page Silicon Valley news for three years. Ultimately, Oracle defeated Informix in 1997. In the same year, Ellison was made a director of Apple Computer after Steve Jobs came back to the company. Ellison resigned in 2002, saying that he did not have the time to attend necessary formal board meetings. In November of 2005, a book detailing the war between Oracle and Informix was published. "The Real Story of Informix Software and Phil White" provides a detailed chronology of the battle of Informix against Oracle, and how Informix Software's CEO Phil White landed in jail because of his obsession to overtake Ellison. Informix is a family of relational database management system products from IBM, acquired in 2001 from a company (also called Informix or Informix Software) which dates its origins back to 1980. ... Apple Inc. ... Steve Jobs (born Steven Paul Jobs February 24, 1955) is the CEO, chairman and co-founder of Apple Inc. ...


Once Informix and Sybase were defeated, Oracle enjoyed years of industry dominance until the rise of Microsoft's SQL Server in the late 90s and IBM's acquisition of Informix Software in 2001 to complement their DB2 database. Today Oracle's main competition for new database licenses on UNIX, Linux, and Windows operating systems is with IBM's DB2, the open source database MySQL (bought by Sun in 2008), and with Microsoft SQL Server (which only runs on Windows). IBM's DB2 still dominates the mainframe database market. SQL Server may refer to: Microsoft SQL Server, a specific relational database management system (RDBMS) from Microsoft Sybase SQL Server, a DBMS developed by Sybase (and, for a period, jointly with Microsoft) that was the precedessor to Sybase Adaptive Server Enterprise and Microsoft SQL Server SQL Server Magazine, a publication...


In 2005, Oracle paid Ellison a $975,000 salary, a $6,500,000 bonus, and other compensation of $955,100. [3]


Forbes listed Ellison's 2005 net worth as $18.4 billion, making him one of the richest people in America, and the ninth richest man in the world. For a short period in 2000, Ellison was the richest man in the world[4]. In 2006, Forbes ranked Ellison as the richest Californian[5]. In interviews, Ellison notes that his actual wealth — money that he is realistically free to spend — is more like $2 billion, and that if he tried to sell all of his Oracle stock, its price would fall to zero.[citation needed] Ellison also owns large stakes in both Salesforce.com and NetSuite. For other uses, see Forbes (disambiguation). ... Forbes magazine annually lists the worlds wealthiest individuals: The Worlds Billionaries. ... Californian can mean: A person from the U.S. state of California, see List of people from California an adjective describing something as from California. ...


Lifestyle

Being one of the world's wealthiest persons, Ellison is known for his extravagant lifestyle.


Boats

Ellison is the second largest financier of BMW Oracle Racing, which unsuccessfully competed to be selected as the challenger for the 2007 America's Cup on behalf of the Golden Gate Yacht Club of San Francisco. BMW Oracle Racing was the Challenger of Record for the 2007 America's Cup in Valencia, Spain until eliminated from the 2007 Louis Vuitton Cup challenger selection series in the semi-finals. Oracle Corporation does not provide any financial support to BMW Oracle Racing but grants permission for use of its logo and branding. BMW Oracle Racing is an American sailboat racing syndicate, initially formed to compete in the 2003 America’s Cup under the name Oracle. ... The 2007 Americas Cup was the thirty-second race series of the event and was won by Alinghi in the 7th race. ... The Golden Gate Yacht Club (GGYC) was founded in 1939, when members built a clubhouse on a barge in the San Francisco Marina. ... This page is a candidate for speedy deletion. ... BMW Oracle Racing is an American sailboat racing syndicate, initially formed to compete in the 2003 America’s Cup under the name Oracle. ... The 2007 Americas Cup was the thirty-second race series of the event and was won by Alinghi in the 7th race. ... Location Coordinates : 39°29′ N 0°22′ W Time Zone : CET (GMT +1) - summer: CEST (GMT +2) General information Native name València (Catalan) Spanish name Valencia Founded 137 BC Postal code 46000-46080 Website http://www. ... The 2007 Louis Vuitton Cup held in Valencia, Spain from April 16 to June 6 was the event used to select the challenger for the 2007 Americas Cup. ... BMW Oracle Racing is an American sailboat racing syndicate, initially formed to compete in the 2003 America’s Cup under the name Oracle. ...


Oracle Racing also participated in the challenger selection series for the 2003 America's Cup but was defeated in the final of the 2003 Louis Vuitton Cup. This article is about the yachting competition. ... The Louis Vuitton Cup is one of the most famous and most prestigious competitions in the sport of yachting. ...


Ellison won the 1998 Sydney to Hobart Yacht Race in his yacht "Sayonara". A storm that broke out during the race cost 6 sailors (none from the Sayonara) their lives, an experience that led Ellison to swear off personal participation in ocean racing. Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... Map of the Sydney to Hobart Yacht Race route. ...


Ellison owns the fifth largest yacht in the world named "Rising Sun" which reportedly cost over US$200 million to build. Rising Sun is 452.75ft (138 m) long. This is a list of the worlds longest motor luxury yachts in order of their length. ... This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling. ... The Rising Sun yacht, designed by the late Jon Bannenberg, and built by Germanys Lürssen, is currently owned by Larry Ellison, CEO of Oracle Corporation. ...


Cars

Ellison owns many exotic cars, including a McLaren F1, Bentley Flying Spur, Bentley Continental GT, Audi R8 and several Acura NSX. For the Formula One team, see McLaren The McLaren F1 was formerly the fastest street legal production car in the world, holding this record from 1994 to 2005, the longest period the record has been held by any street legal or production car in the history of automobiles. ... The Bentley Continental Flying Spur is a four-door version of the Bentley Continental GT produced from 2005. ... The Bentley Continental GT is a grand tourer coupé with two doors and a 2+2 seating arrangement released in 2003, replacing the previous Rolls-Royce-based Continental R and T. // The Continental GT has a 6 L W12 engine with twin turbochargers which develops 552 hp (411 kW) at... This article is about the road going sports car. ... The Honda NSX (Acura NSX in North America and Hong Kong) was a sports car produced between 1990 and 2005 by the Japanese automaker Honda. ...


Private jet

Ellison is a certified pilot and has owned several unusual aircraft, including fighter jets. Ellison has been cited several times by the City of San Jose for violating its limits on late night takeoffs and landings from San Jose Mineta International Airport by planes weighing more than 75 000 pounds (34 019 kg). San Jose granted him a personal waiver from these regulations in 2001. For other uses, see San José. Nickname: Location of San Jose within Santa Clara County, California. ... Noise mitigation is a set of strategies to reduce unwanted environmental sound. ... For the Costa Rican airport, see Juan Santamaría International Airport. ... Kg redirects here. ...


Home

Ellison styled his estimated $200 million Woodside, California estate after feudal Japanese architecture, complete with a man-made 2.3 acre lake and the most extensive seismic retrofit available with current technology ( 37°24′44.34″N, 122°14′51.40″W). In 2004 and 2005, Ellison purchased more than 12 properties in Malibu, California worth more than $180 million. The $65 million Ellison spent on five contiguous lots on Malibu's Carbon Beach was the most costly residential transaction in United States history until Ron Perelman sold his Palm Beach, Florida, compound for $70 million later that same year, according to industry writer Jeffrey Bellamar.[citation needed] His entertainment system cost $1 million, and included a rock concert-sized video projector at one end of a drained swimming pool and turned the gaping hole into a giant subwoofer[6]. Woodside (pop. ... Seismic retrofitting is the modification of existing structures to make them more resistant to seismic activity, ground motion, or soil failure due to earthquakes. ... Location of Malibu in Los Angeles County, California Coordinates: , Country State County Los Angeles Incorporated (city) 1991-03-28 [2] Government  - Mayor Jeff Jennings [1] Area  - Total 100. ... Ronald Owen Perelman (born 1943) is a wealthy Jewish-American investor and businessman, who appears 34th on the Forbes 2005 Wealthiest Americans, with an estimated wealth at $6 billion USD. His primary interest is in stable companies that generate cash flow without being capital-intensive, and which are not in... Being largely seasonal, downtown Palm Beachs streets are virtually vacant in the summer. ...


Sports

Ellison has been rebuffed in his attempts to buy the Golden State Warriors and the San Francisco 49ers. He is now pursuing ownership of a potential future NFL franchise in Los Angeles. The Golden State Warriors are a professional basketball team based in Oakland, California. ... City San Francisco, California Other nicknames Niners, The Red And Gold, Bay Bombers Team colors Cardinal red, metallic gold and black Head Coach Mike Nolan Owner Denise DeBartolo York and John York General manager Lal Heneghan Mascot Sourdough Sam League/Conference affiliations All-America Football Conference (1946-1949) Western Division... NFL logo For other uses of the abbreviation NFL, see NFL (disambiguation). ... Los Angeles and L.A. redirect here. ...


Charitable Donations

  • In order to settle an insider trading lawsuit arising from Ellison's dumping nearly $1 billion of Oracle stock, he was allowed to donate $100 million to his own charitable foundation without admitting wrongdoing. A California judge refused to allow Oracle to pay Ellison's legal fees, amounting to $24 million. Ellison's lawyer had argued that were Ellison to pay those fees, that could be construed as an admission of guilt.
  • In response to the September 11th terrorist attacks, Ellison offered to donate to the Federal government software that would enable it to build and run a national identification database and issue ID cards. This offer sparked fierce debate in the media.[1]
  • In 2002, the leadership of the Ellison Medical Foundation stated that it believed Ellison would increase its annual budget from $35 million to $100 million.
  • The 2004 Forbes list of the charitable donations made by the wealthiest 400 Americans stated that Ellison had donated $151,092,103 in the preceding year, about 1% of his estimated personal wealth.
  • In June of 2006, Ellison announced that he would not honor his earlier pledge of $115 million to Harvard University, claiming it was due to the departure of former President Lawrence Summers.

A sequential look at United Flight 175 crashing into the south tower of the World Trade Center The September 11, 2001 attacks (often referred to as 9/11—pronounced nine eleven or nine one one) consisted of a series of coordinated terrorist[1] suicide attacks upon the United States, predominantly... There is no true national identity card in the United States of America, in the sense that there is no federal agency with nationwide jurisdiction that directly issues such cards to all American citizens. ... For other uses, see Forbes (disambiguation). ... Harvard redirects here. ... Lawrence Henry Larry Summers (born November 30, 1954) is an American economist and academic. ...

References

  • Leibovich, Mark. (October 30, 2000). "The Outsider, His Business and His Billions". Washington Post, p. A01.
  • Symonds, Matthew, 2003. Softwar: An Intimate Portrait of Larry Ellison and Oracle. Simon & Schuster. With commentary by Ellison. [2]
  • Anushree Dalwadi , 2007. Software:Research: (Central oracle support Engineer):(SIS)India.
  • The Difference Between God and Larry Ellison: Inside Oracle Corporation [3] and Symonds (2003).
  • Larry Ellison: Database Genius of Oracle. Craig Peters [4]
  • Everyone Else Must Fail. Karen Southwick [5]
  • The Oracle of Oracle. Florence M. Stone [6]
  • Larry Ellison, Sheer Nerve. Daniel Ehrenhaft. [7]

... Image File history File links This is a lossless scalable vector image. ...

References

  1. ^ http://www.forbes.com/lists/2007/10/07billionaires_Lawrence-Ellison_JKEX.html
  2. ^ IMDB bio
  3. ^ Definitive Proxy Statement
  4. ^ Gates loses title as world's richest man - CNET News.com
  5. ^ The 400 Richest Americans - Forbes.com
  6. ^ Wired 10.11: Power Houses

External links

Wikiquote has a collection of quotations related to:
Larry Ellison
Image File history File links This is a lossless scalable vector image. ... Wikiquote is one of a family of wiki-based projects run by the Wikimedia Foundation, running on MediaWiki software. ... Oracle Corporation (NASDAQ: ORCL) is one of the major companies developing database management systems (DBMS), tools for database development, middle-tier software, enterprise resource planning software (ERP), customer relationship management software (CRM) and supply chain management (SCM) software. ... For other uses, see Corporation (disambiguation). ... Chairman of the Board redirects here. ... Michael Boskin has been a director of Exxon Mobil since 1996. ... Safra A. Catz is the Chief Financial Officer of Oracle Corporation since November 2005. ... This article or section does not cite its references or sources. ... Jeffrey O. Henley is the Chairman of Oracle Corporation. ... Jack French Kemp Jr. ... Hector Garcia-Molina is a Professor in the Departments of Computer Science and Electrical Engineering at Stanford University. ... Charles Phillips Charles Phillips is President of Oracle Corporation and a member of the companys Board of Directors. ... Naomi O. Seligman is a member of the Board of Directors of Oracle Corporation since November 2005. ... USD redirects here. ...

  Results from FactBites:
 
Larry Ellison: Information from Answers.com (4491 words)
Ellison was born in New York to a single mother, who gave him up for adoption to her aunt and uncle.
Ellison was born in New York City to Florence Spellman, a 19-year-old unwed mother who gave him up for adoption to her distant relatives when he was only nine months old.
Ellison is also the leader and principal financier of Oracle BMW Racing, which competed to be challenger for the America's Cup in 2003 on behalf of the Golden Gate Yacht Club of San Francisco.
  More results at FactBites »


 

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