Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Oracle Co-President Phillips to Leave Morgan Stanley’s Board

Charles Phillips of Oracle Corp.
Charles Phillips, co-president of Oracle Corp., speaks at the 11th Nikkei Global Management Forum 2009 in Tokyo in this file photo. Photographer: Kimimasa Mayama/Bloomberg

April 5 (Bloomberg) -- Morgan Stanley director Charles Phillips, the Oracle Corp. co-president who admitted to an affair after being displayed with an ex-girlfriend on New York billboards, won’t seek re-election to the bank’s board, a regulatory filing showed.

Phillips, who became a Morgan Stanley director in 2006, was on the nominating and governance committee, according to an April 1 filing with the U.S. Securities and Exchange Commission. He received $335,000 in 2009 for his services and held 27,160 Morgan Stanley shares as of Dec. 31.

After billboards showing “Charles & YaVaughnie” appeared in Times Square, the Oracle executive said in January that he had an 8 1/2-year affair, which had since ended. They advertised a Web site, “,” showing photos and videos from 2001 until the middle of last year.

Phillips is also on the boards of Oracle and Viacom Inc. and is a member of President Barack Obama’s Economic Recovery Advisory Board, a panel of outside advisers brought together to come up with solutions to the economic crisis.

Phillips worked at Morgan Stanley from 1994 to 2003 and covered Oracle as a software analyst before the company hired him as an executive vice president.

C. Robert Kidder, who has been on Morgan Stanley’s board since 1993, will replace Phillips on the nominating and governance committee if he is re-elected, according to the filing.

Morgan Stanley spokeswoman Jeanmarie McFadden declined to comment. Phillips didn’t return a call for comment.

To contact the reporter on this story: Michael J. Moore in New York at

To contact the editor responsible for this story: Alec McCabe at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.