Lawrence J. Ellison was born in Bronx, New York. In nine months, he had pneumonia and 19-year-old unmarried mother gave him her aunt and uncle in Chicago to raise. Lawrence was raised in a two-bedroom apartment on the city's south side. Until he was twelve years old he did not know he was adopted. His adoptive father had lost his real estate business in the Great Depression and made a modest living as an auditor for the public housing authority. As a child, Larry Ellison showed an independent, rebellious streak and often clashed with his adoptive father. From childhood he showed aptitude strong for math and science, and was named science student at the University of Illinois
during final exams in his second year of adoptive parents Larry Ellison had died, and he resigned. school He studied at the University of Chicago next fall. But dropped out again after the first semester. His adoptive father was now convinced that Larry would never make anything of himself. But the seemingly aimless young man had already learned the basics of computer programming in Chicago. He took this skill with him to Berkeley, California, arriving with just enough money for fast food and a few tanks of gas. For the next eight years, Ellison bounced from job to job as a mechanic fund fire and Welsh Fargo Bank. As a programmer at Amdahl Corporation, he participated in the creation of IBM mainframe a first-compatible
in 1977, Ellison and two colleagues Dahl, Robert Miner and Ed's. founded his own company, Software Development Labs. From the beginning, Ellison served as Chief Executive Officer. Ellison had come across a paper called "A relational data model for data sharing Big Banks" by Edgar F. ("Ted") Codd, describing a concept Codd had developed at IBM's employer. Codd did not see the commercial potential in the concept of language Structured Query (SQL), but Larry Ellison has
Ellison and his partners won a two-year contract to build a management system relational database (RDBMS). CIA project code name: Oracle, they completed the project in early and use the extra time to develop their system for commercial applications. They named RDBMS commercial Oracle as well, in 1980, the company Ellison has just eight people and has revenues of less than $ 1 million, but the following year, IBM itself adopted Oracle for mainframe systems and sales. Oracle is doubling every year for the next seven years. The company has become a million dollar company billions of dollars. Ellison renamed the company Oracle Corporation, for its best-selling
Larry Ellison biography, photos
, Oracle went public in 1986, raising $ 31.5 million with the sale to the general public, but its young staff eager revenue overstatement regularly. and in 1990, the company first loss. Oracle's market value fell by 80 percent and the company appeared to be on the verge of bankruptcy. Accepting the need for drastic change, he replaced much of the original senior staff with more experienced managers. For the first time, he was assigned the management of their careers and channel the energy of its own product development. The new version of the database program Oracle 7, released in 1992, swept the field and made Oracle the industry leader in database management software. In just two years, the company's stock had regained much of the earlier
even as Oracle's fortunes rose again, Ellison suffered a series of personal incidents. Long a favorite outdoor activity that forces Ellison suffered serious injuries while body surfing and mountain biking. He recovered from major surgery and still racing yachts 78 feet, he Sayonara, and to practice aerobatics ongoing private jets, including decommissioned fighter planes in 1998, Ellison and won Sayonara Sydney. Hobart race win in near hurricane winds that sank five other boats, drowning six participants. Ellison is a major supporter of the BMW Oracle Racing team, which has been a significant force in America's Cup competition. Yacht his Rising Sun, over 450 feet long, is one of the ships of the private sector, the largest in the world,
Larry Ellison profile photos
fate of Oracle continues to increase throughout 1990, Bank of America, airlines, car companies and. Retail giants come up with a program of the Oracle database, under the leadership of Ellison of Oracle became a pioneer in providing business applications over the Internet. Oracle has benefited greatly from the growth of electronic commerce; Net income rose 76 percent in the first quarter of 2000. As a share of the company with other high-tech fluctuate wildly, Oracle held its value, and the largest shareholder of Founder and CEO. CEO Larry Ellison, came close in the long cherished. The goal over Bill Gates of Microsoft to become the richest man in the world,
beginning in 2004, Ellison to increase its market share to Oracle through a series of strategic acquisitions. Oracle spent more than $ 25000000000 in just three years to buy a flock and companies large and small, makers of software for managing data, identity, retail inventory and logistics. The first acquisitions is PeopleSoft acquired at the end of 2004 for $ 10.3 billion sooner was the ink dry on the deal PeopleSoft than Ellison trumped SAP competitor will be retail software developer Retek in. The following year, Oracle also been rival Siebel Systems Ellison capped buying spree with the acquisition of a provider of business software solutions for Hyperion in 2007. Two years later, in the depths of the recession around the world. The Ellison served valiantly again received computer hardware and software manufacturer Sun Microsystems for $ 7400000000, Oracle became the company's largest business software.
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