DEFINITION of 'Larry Ellison'

The founder and CEO of software company Oracle Corp. His company successfully went public in 1986, but suffered from quality-control problems in 1988. These issues led to cash flow problems, operating losses, a declining share price and near bankruptcy a couple years later. New top management worked with Ellison to turn these problems around by 1994. Ellison was also early to recognize the importance of the internet and positioned the company to benefit from the dot-com boom. His net worth has repeatedly ranked him as one of the richest men in the world.

BREAKING DOWN 'Larry Ellison'

Born in New York City in 1944, Ellison did not graduate from college. Instead, he found that he was skilled at software programming. He worked as a computer programmer for about 10 years before founding Oracle in 1977 - although the company did not take that name until 1983. It was initially called Software Development Laboratories. Harvard Business School named him Entrepreneur of the Year in 1990.



RELATED TERMS
  1. Lawrence Ellison

    Born in 1944, Lawrence (Larry) Ellison has been the Chief Executive ...
  2. Business Software & Services Industry ...

    An exchange-traded fund (ETF) that invests in business software ...
  3. Oracle Of Omaha

    A nickname for Warren Buffett, who is arguably one of the greatest ...
  4. Problem Child

    A company’s business unit that has a small market share in a ...
  5. Software As A Service - SaaS

    A cloud-computing approach to providing users with access to ...
  6. Michael Bloomberg

    Michael Bloomberg is one of the wealthiest persons in the world ...
Related Articles
  1. Retirement

    What Larry Ellison's Portfolio Looks Like

    Discover how ex-CEO and multibillionaire Larry Ellison is building a massively extravagant real estate portfolio, as well as how he plans to use it.
  2. Investing

    Oracle Shows More Strength Than Expected (ORCL, CRM, MSFT, CSCO)

    Oracle keeps delivering.
  3. Investing

    The 5 Highest Paid Executives in the Information Technology Sector (MSFT, ORCL)

    Discover the identity of the highest paid executives in the information technology sector, and how their successful and lucrative careers have progressed.
  4. Personal Finance

    What Education Do You Need To Become A Billionaire? (MSFT, ORCL)

    What kind of education does it take to become a billionaire? We take a look at the formal and informal education of the world's five richest people.
  5. Investing

    Oracle Sued by Whistleblower Finance Exec

    Shortly after Oracle (NYSE: ORCL) was handed a defeat in court over Google's use of its Java code in the Android OS -- a loss Oracle has vowed to appeal -- its legal team faces another court ...
  6. Investing

    Oracle to Buy NetSuite for $9.3 Billion (ORCL, N)

    To beef up its cloud-computing offerings, Oracle is acquiring rival NetSuite for $9.3 billion, making it among the largest acquisitions in Oracle history.
  7. Investing

    Analyzing Oracle's Price & Profitability Ratios in 2016 (ORCL)

    Understand Oracle Corporation's business by taking a close look at its profitability and price ratios.
  8. Investing

    Dont Bet on Oracle's Rumored NetSuite Interest

    When rumors began circulating on Tuesday that Oracle (NYSE: ORCL) was inching closer to acquiring NetSuite (NYSE: N), its rival in the cloud-based enterprise resource planning (ERP) space, the ...
  9. Insights

    Did Oracle Cheat on Cloud Revenues? (ORCL, CRM)

    A whistleblower has sued Oracle, saying the firm fired her in retaliation for refusing to massage the cloud division's results. Oracle disagrees.
  10. Investing

    What to Expect From Oracle's Earnings (ORCL)

    Oracle has tons of work to do before threatening Salesforce.com's cloud dominance, but the stock is attractive when combined with its 1.57% dividend yield.
RELATED FAQS
  1. How does portfolio management software work?

    Discover the functions of various complexity levels of portfolio management software, and learn how traders utilize portfolio ... Read Answer >>
  2. What is accrual accounting in Oracle Apps?

    Learn more about Oracle Applications, an enterprise software system that enables businesses to streamline information systems ... Read Answer >>
  3. What is the best software to use for business analytics?

    Review a snapshot of some of the most reputable business analytics software providers in the business intelligence space, ... Read Answer >>
  4. Why did Larry Page pay himself a salary of only $1 a year at Google?

    Learn possible reasons for Google co-founder Larry Page's continued acceptance of an annual salary of only $1 as chief executive ... Read Answer >>
  5. How did Warren Buffett get started in business?

    Warren Buffett may have been born with business in his blood. He started saving while other children were at the playground, ... Read Answer >>
  6. What is the best general ledger software for small businesses?

    Learn more about accounting software and general ledger features. Find out how to choose the right program for small business ... Read Answer >>
Hot Definitions
  1. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  2. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  3. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  4. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  5. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  6. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
Trading Center