Larry Ellison

AAA

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.

INVESTOPEDIA EXPLAINS '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. Chairman

    An executive elected by a company's board of directors that is ...
  2. Corporate Headquarters

    A place where a company's executive offices and executives' direct ...
  3. Outside Director

    Any member of a company's board of directors who is not an employee ...
  4. Corporate Action

    Any event that brings material change to a company and affects ...
  5. Corporate Governance

    The system of rules, practices and processes by which a company ...
  6. Corporation

    A legal entity that is separate and distinct from its owners. ...
Related Articles
  1. Insurance

    Evaluating The Board Of Directors

    Corporate structure can tell you a lot about a company's potential. Learn more here.
  2. Markets

    What Investors Can Learn From Insider Trading

    Some insider trading is actually legal - and can be extremely telling for investors.
  3. ogether, management and the board of directors have the ultimate goal of maximizing shareholder value.
    Investing Basics

    The Basics Of Corporate Structure

    CEOs, CFOs, presidents and vice presidents: learn how to tell the difference.
  4. Why then does a company, or more specifically its management, care about a stock's performance in the secondary market when this company has already received its money in the IPO?
    Investing Basics

    Why Do Companies Care About Their Stock Prices?

    Read on to learn more about the nature of stocks and the true meaning of ownership.
  5. Active Trading Fundamentals

    Evaluating A Company's Management

    Financial statements don't tell you everything about a company's health. Investigate the management behind the numbers!
  6. Markets

    Get Tough On Management Puff

    Company managers are often skilled at fooling investors. Be critical and don't believe the hype.
  7. Options & Futures

    Governance Pays

    Learn about how the way a company keeps its management in check can affect the bottom line.
  8. Investing News

    Looking to Open a Franchise? These Topped The List In 2014

    These franchise businesses stood out in 2014.
  9. Not every new company or product makes it, but many successful startups share the following characteristics.
    Entrepreneurship

    6 Characteristics Of Successful Apps

    Not every new company or product makes it, but many successful startups share the following characteristics.
  10. When it comes to managing finances and tracking the markets on the go, there are a number of excellent apps that can be downloaded and installed onto your mobile device.
    Entrepreneurship

    Top Stock Market Apps For News Or Trading Or Both!

    When it comes to managing finances and tracking the markets on the go, there are a number of excellent apps that can be downloaded and installed onto your mobile device.

You May Also Like

Hot Definitions
  1. Multinational Corporation - MNC

    A corporation that has its facilities and other assets in at least one country other than its home country. Such companies ...
  2. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
  3. Simple Interest

    A quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the interest rate ...
  4. Special Administrative Region - SAR

    Unique geographical areas with a high degree of autonomy set up by the People's Republic of China. The Special Administrative ...
  5. Annual Percentage Rate - APR

    The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents ...
  6. Free Carrier - FCA

    A trade term requiring the seller to deliver goods to a named airport, terminal, or other place where the carrier operates. ...
Trading Center