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Larry Ellison

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Real name of Larry Ellison is Lawrence Joseph Ellison. He is the founder and CEO of Oracle Corporation. He is born on August 17, 1944, to single mother Florence Spellman in the Bronx, New York to single mother Florence Spellman. He was adopted by Lillian and Louis Ellison.

After his high school, he enrolled at the University of Illinois, Champaign. During the second year, his adopted mother died, and he dropped out of college. Larry Ellison enrolled at the University of Chicago, but he dropped out after only one semester.

Then he packed his bags for Berkeley, California, with little money. He moved from job to job at such places as Wells Fargo and Amdahl Corporation. He had picked up basic computer skills. Ellison had picked up basic computer skills in 1977.  Oracle Corporation held its IPO (initial public offering), but some accounting issues helped wipe out the majority of the company’s market capitalization and Oracle teetered on the brink of bankruptcy in 1986.

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, Informix, and eventually Microsoft to dominate mid-range systems and microcomputers. Around this time, Oracle fell behind Sybase. From 1990 to 1993, Sybase was the fastest-growing database company and the database industry's darling vendor, but soon fell victim to merger mania. Sybase's 1996 merger with Power soft 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".

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In 1994, Informix 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. Phil White eventually landed in jail, and IBM absorbed Informix in 2001. Also in 1997, Ellison was made a director of Apple Computer after Steve Jobs returned to the company. Ellison resigned in 2002, saying "my schedule does not currently allow me to attend enough of the formal board meetings to warrant a role as a director".

In 2005, Oracle Corporation paid Ellison a $975,000 salary, a $6,500,000 bonus, and other compensation of $955,100. In 2007, Ellison earned a total compensation of $61,180,524, which included a base salary of $1,000,000, a cash bonus of $8,369,000, and options granted of $50,087,100. In 2008, he earned a total compensation of $84,598,700, which included a base salary of $1,000,000, a cash bonus of $10,779,000, no stock grants, and options granted of $71,372,700. In the year ending May 31, 2009, he made $56.8 million. In 2006, Forbes ranked him as the richest Californian. In April 2009, after a tug-of-war with IBM and Hewlett-Packard, Oracle announced its intent to buy Sun Microsystems. On July 2, 2009, for the fourth year in a row, Oracle's board awarded Ellison another 7 million stock options. On August 22, 2009, it was reported that Ellison would be paid only $1 for his base salary for the fiscal year of 2010, down from the $1,000,000 he was paid in fiscal 2009.

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