Larry Ellison's Master Class in Being Rich and Having Fun

Larry Ellison and Oracle Team USA celebrate after beating Emirates Team New Zealand to defend the America's Cup in 2013 Photograph by Justin Sullivan/Getty Images

It’s business as usual. That’s what Oracle is saying about Larry Ellison’s abdication as the company’s chief executive officer. Its presidents, Mark Hurd and Safra Catz, had been handling the day-to-day operations of Oracle for years, with Ellison spending most of his time thinking about technology strategy. “They deserve the recognition,” Ellison told analysts yesterday. “They deserve the CEO title.” For emphasis, Catz added later, “There will be no change. Whatsoever.”

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