The question is not raised not only because Oracle recently announced that two CEOs are the new executive managers, succeeded by Safra Catz, who has been the CEO or co -co -co -for the past 11 years. Which made the caliphate more interesting, Catz was raised to the Board of Directors with a title that he had not heard before, while the founder Larry Ellison continues as the Chairman of the Board of Directors and the chief technology employee, but with duties that are not transparent in any way. The result: We know who is the executive managers in Oracle by the title, but who are actually less clear.
The risks in the unique experience of the Oracle Caliphate are unusually high. The company’s share has suddenly increased, doubled in the past four months, which made the 12 Oracle in the worldY The most valuable company. It is a great performance, but investors may want to know, especially now – who really runs the offer?
In the Plain-Vanilla version of the management of a large company, it is simple: the CEO runs the offer, and the Board of Directors supervises the CEO and the comprehensive management of the company. He does not make daily decisions. But in some companies, 11 % of Fortune 500, the Board of Directors leads a “executive president” not the CEO but participates in managing the company during the management of the board of directors as well. The CEO is usually the former CEO, and the new CEO usually presents that person. “When you are an executive president, Pak stops with you,” says Charles Elson, a corporate governance expert who worked on multiple councils. “It is a change in the title with a little meaning. You still manage the offer, the period.” Think about it in this way: “CEO” = “The real CEO”.
In Oracle, the Board of Directors has long made the CEO ELLIL3ON in 2014, and became Catz and Mark Hurd participating in Co-CEOS. But then things become mysterious. Ellison quickly stopped describing himself as an executive chair and adopted his current title, although the company does not seem to have announced any change in his role. (Oracle refused to comment.) Katz and Hurd continued as CEO until Herd took a leave from absence and then died in 2019, after which Katz continued alone.
Nevertheless as a background, see the new Catz title: Oracle CEO. It is a little strange because it is in corporate governance, “There is no title like the Vice Chairman of the Board,” says Elson. Companies have to contain panels, and councils must have chairs, but that’s all. In addition, it is difficult to see how the Catz Council can include an executive deputy, even as an honor nickname, unless Ellison as an executive president, in fact, if not in the title; Otherwise, the vice president holds more power than the chair.
All this indicates that the new executives in Oracle, Clay Magorik and Mike Cecilia, may not be executives in the usual sense. With two of them, the dollars of companies do not completely stop with either of them. In addition, with at least one member of the Board of Directors and is also an announcement official, who are overlooked.
So how many chief executives have Oracle? Officially, two, four. And who knows, perhaps everything will work amazingly. What we know with certainty is that regardless of how this preparation is made, the executives, managers and ambitious executives will study it for years.
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