I’m trying very hard to make sense of the changes at Oracle Corporation announced today, and here is what I have come up with: Larry Ellison, the company’s founder and largest (26%) shareholder, is no longer the Chairman and CEO; he is now just the CEO. The former CFO, Jeff Henley, is now the Chairman, as well as being the CFO, at least until a successor is named. Safra Katz and Chuck Phillips, a former investment banker and a former equity analyst respectively, are both now the Oracle President.
While it might seem complicated, it is all very simple in diagrammatic form. Here is the full Ellisonian backfield maneuver: