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By Sarah McBride SAN FRANCISCO (Reuters) – By promoting its two presidents to serve as co-chief executives instead of founder and CEO Larry Ellison, database-and-software behemoth Oracle is setting itself a course that has confounded other big companies. The move seemingly marries the product oversight of Mark Hurd, former chief executive of Hewlett Packard, with […]

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(Reuters) – Shares of database software maker Oracle Corp. fell 2 percent in premarket trading on Friday after the company posted disappointing quarterly earnings late Thursday and at the same time said Larry Ellison was stepping aside as chief executive. Ellison, co-founder and leader of Oracle for 37 years, will be replaced by co-CEOs Safra […]

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Larry Ellison is stepping aside as CEO of Oracle, the business software maker he founded in 1977. But he’s not going far: Ellison will reclaim the title of chairman and is also taking the role of chief technology officer. Oracle says Ellison wants to focus on product engineering, technology development,…

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