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Oracle CEO Ellison to step down
Oracle CEO Ellison to step down

Larry Ellison, among the last of the old lions who transformed a fruit-and-nut-growing backwater into Silicon Valley, is stepping down as chief executive of the company he founded, Oracle Corp. Ellison, 70, won't be retiring to Lanai, the Hawaiian island he owns, or to his Malibu estate or to roam the oceans racing yachts. He'll stay on at Oracle as "full time" executive chairman and chief technology officer, trying to navigate the company through massive technological change that threatens Oracle's future. The CEO reins go to co-Presidents Mark Hurd and Safra Catz, and "all the other reporting relationships will remain unchanged," Ellison said in a...