Larry Ellison's success story and biography. The story of Larry Ellison, the "immodest" billionaire, founder of Oracle e: Ellison pioneered nutrition in Silicon Valley
Allison LarryLarry ellison
Lawrence Joseph Ellison (Lawrence Joseph Ellison) - Founder and CEO of Oracle Corporation, also known as Larry Ellison.
Biography
1944: The son of a mother from Odessa
Lawrence Ellison did not have the happiest childhood. Larry Ellison doesn't know his father's name. It is only known for certain that Larry's mother was an unmarried emigrant from Odessa. Soon after arriving in America, she left him in the care of an uncle and aunt living in New York, and disappeared without a trace.
The surname of Larry Ellison comes from the name of Ellis Island - a filtration point for emigrants from Europe.
He was brought up by adoptive parents, but his mother died when he was not yet 18, and his father was imprisoned. Lawrence had to take care of himself, and after saving up some money, he moved from the Bronx to the more promising Berkeley. For the next eight years, Ellison worked wherever he could, until he got a job at Ampex as a programmer. There he developed his first serious program - a large database called Oracle.
1977: Foundation of Oracle
In 1977, with Ampex employee Robert Miner, Lawrence founded Software Development Labs, which focused primarily on consulting corporate clients.
One day, Lawrence came across a document written by an IBM employee describing the concept of Structured Query Language (SQL). IBM did not see the commercial potential of this technology, but Ellison immediately realized how promising the idea was. Together with Miner, they wrote a database program that is compatible with mainframes and personal computers. Buyers were found quickly and in honor of the same database of Lawrence, the company decided to rename Oracle. In 1980, only 7 people worked with Lawrence, and the annual income did not exceed a million dollars. After IBM adapted SQL for its computers, Oracle's revenue doubled each year.
1980s: Ellison set food fashion in Silicon Valley
In an interview with Business Insider, head of restaurant Bon Appetit Management Company Fedele Bauccio, in early November 2014, it was revealed how Larry Ellison influenced the food system in Silicon Valley.
Founded in 1987, Bon Appetit builds and maintains cafes, restaurants and canteens for corporations and educational institutions... The company is based in Palo Alto near the headquarters of major tech companies such as Google and.
“My office was close to where venture capitalists started building their companies,” Baucho recalls.
He met Larry Ellison in the late 80s. He asked the head of Bon Appetit to open an Italian coffee shop Paninoteca with hot and cold sandwiches and sandwiches at the Oracle headquarters in Redwood Shores.
“As an Italian, I said I could do it. However, we were confident that this diner would not last long there, ”said Fedele Baucho.
Paninoteca opened, and then, as Oracle began to expand, several other concept coffee shops appeared on campus. It now houses a Japanese noodle restaurant, an Indian café and even a small market with Mediterranean food.
Larry Ellison in his youth
Similar ideas were adopted by other companies, which at first used huge canteens, but after the initiative of the head of Oracle, they abandoned them. It became obvious that small specialized cafes are much more preferable, since there you can order food to your liking and settle down as you like, stressed the CEO of Bon Appetit.
Fedele Baucho called the food outlets deployed in Silicon Valley companies “a place of chance encounters of ideas,” where people communicate closely with each other, and innovative thoughts are born during conversations. At the same time, employees do not have to leave their companies to eat deliciously.
1991: Oracle on the verge of bankruptcy
In 1990, when the company became a leading software manufacturer, the first setbacks appeared. Accustomed to steady growth, managers failed to anticipate the impact of new entrants into the market, and for the first time in Oracle's history, expenses exceeded revenues. In 1991, things only got worse. Oracle sales fell 80% and the company was on the verge of bankruptcy. Lawrence replaced most of the executives and managers with the best in the business, and it worked. Thanks to a competent marketing policy and the release of powerful new databases, Oracle was able to return to its previous level. Its products have been used by banks, airlines, car companies and supermarkets. And with the spread of e-commerce, Oracle's revenues have grown exponentially.
2009: On the 4th place in the list of the richest people in the world with $ 22 billion
According to Forbes magazine as of March 11, 2009, Ellison is one of the three richest people and the fourth in the global ranking of the richest. His fortune is estimated at $ 22 billion. At this time, he owns 22.59% of the shares of Oracle Corporation.
2012
Sports Empire Purchase Plans
In October 2012, it became known that Oracle CEO Larry Ellison intends to acquire Anschutz Entertainment Group, owned by billionaire Phil Anschutz. This was reported by Reuters, citing two sources close to the situation. At the same time, Ellison's interest in buying a media group, whose starting price is $ 10 billion, is “preliminary”.
Ellison, the third-largest in the world, recently made an eccentric purchase by acquiring an island in Hawaii. The purchase of AEG will allow him to take control of, for example, the National Football League team and move it to Los Angeles.
The auction activities for the sale of AEG are just getting started, and this week, bankers from Blackstone Advisory Partners have just sent out the necessary information to potential interested buyers. An information memorandum containing no financial data was distributed to dozens of addresses.
Among the assets of AEG, in particular, a share in the basketball club Los Angeles Lakers NBA, the hockey team LA Kings, as well as more than 100 entertainment and sports centers around the world and the promotion business to promote AEG Live concerts. Interested parties will be able to submit bids for the AEG purchase auction at the end of October 2012.
Allegations of fraudulent acquisition of a subsidiary
In January 2015, Larry Ellison's stake in Oracle was 25%.
2016
Status $ 51.7 billion
Condition $ 48.5 billion
2017
Status of $ 59.1 billion, No. 7 in the world
By October 8, 2017, Ellison's fortune reached $ 59.1 billion, which put the businessman in seventh place in the ranking of the richest people in the world.
Cutting payments in half at the request of shareholders
In October 2017, it became known about a two-fold reduction in payments to Oracle co-founder Larry Ellison, who for many years was among the highest paid top managers in the United States. The company has cut its remuneration under sustained pressure from shareholders, according to The Financial Times (FT).
From documents provided to Oracle by the US Securities and Exchange Commission (SEC) at the end of September 2017, it follows that in the next five years, Allison is entitled to a stock option in the amount of $ 103.7 million or $ 20.7 million per year. This is 47% less than previous share awards and corresponds to a 50% cut in total payments to the former CEO.
Larry Ellison's compensation package, who is Oracle CTO by October 2017, includes $ 17.5 million in options, but Oracle did not explain how this amount was formed. The FT notes that the final share payment could be substantially increased if the company meets the targets set in the compensation plan.
Oracle has not guaranteed that Ellison and other senior employees will not receive more securities payments within five years, although the company says it "does not expect" any additional grants.
According to the publication, there is a risk that within five years, Allison will lose all remuneration, except for a symbolic salary of $ 1 per year, if the company does not reach its financial targets and quotations. The goals include increasing the share price to $ 80 (64% higher than the level of October 6, 2017) and increasing the revenue and profitability of the cloud business to certain values. This applies not only to Ellison, but to all senior management.
Thus, it can be seen as a victory for the largest institutional investors who have criticized the overpriced income of directors for many years.
US public companies are required to submit top executive compensation policies and say on pay statements to shareholders for compulsory shareholder voting, but this does not entail any legal obligation. For five years in a row, Oracle shareholders did not approve of management compensation, but until 2017, the company only slightly cut payouts and added new tasks to the payroll system.
According to Kirk Hanson, head of the Center for Applied Ethics at Santa Clara University, the payouts to three Oracle executives have been very high in recent years. While the say on pay vote has proven effective in drawing attention to the inflated wages, it is too early to judge how Oracle's new financial mechanisms will work in practice, he warns.
In the SEC, Oracle says dissatisfaction with management compensation was a major topic at shareholders' meetings with independent directors, but the issue received "positive feedback" under the new agreements.
Shareholder discontent rose substantially after Oracle paid Larry Ellison about $ 94.6 million in 2012. Then Ellison took first place among the highest paid directors in American companies and by that time had earned about $ 650 million in ten years.
| The Board of Directors, led by the Nomination and Corporate Governance Committee, has undertaken a thorough and thorough process of finding new independent directors, considering candidates with a wide range of skills around the world who, like Tesla, have a strong belief in the mission of accelerating the world's transition to sustainable energy. Tesla said in a post. |
The SEC ordered Tesla to invite two new independent directors in the wake of the scandal when the company's founder and CEO, Elon Musk, wrote on his Twitter blog about the possible delisting of Tesla and turning it into a private company. The Securities and Exchange Commission checked the claim and announced that Musk had misled Tesla investors. As a result, Elon Musk was also forced to leave the post of head of the Tesla board of directors, and this place was taken by Robin Denholm, who was previously one of the board directors. At the same time, Musk remained the CEO of the company.
As of the end of 2018, Tesla has 11 board members, including 3 women. In the fall of 2018, California introduced a requirement for publicly traded companies to have women on board, becoming the first American state to do so.
Owning 1.75% of Tesla shares for $ 1 billion
In January 2019, the size of Larry Ellison's share in the share capital of Tesla Motors became known. According to documents released by the Securities and Exchange Commission, the Oracle founder owns 3 million shares of the American electric vehicle manufacturer, which equates to a 1.75 percent stake. By January 8, 2019, the value of this package is estimated at more than $ 1 billion.
Thus, Allison is the second largest individual investor in Tesla. In the first place is the founder and cEO Elon Musk, which owns approximately 20% of Tesla shares.
As noted by Bloomberg, Larry Ellison does not own Tesla shares directly, but through the Lawrence J. Ellison Revocable Trust.
Ellison previously said that buying Tesla shares was the second largest investment for a businessman. He also called Elon Musk his "close friend", reports Fortune.
By the close of the exchange on January 8, 2019, the value of Tesla shares rose by 0.12% to $ 335.35, and the company's market capitalization reached almost $ 58 billion. At what price Larry Ellison bought Tesla securities is unknown.
In October 2018, Tesla shares were trading near a 52-week low at around $ 250. Quotes collapsed after Elon Musk's announcement to buy back the company's shares at $ 420 apiece using borrowed funds. The entrepreneur said that he found lenders for privatization, but in fact he did not even negotiate with potential investors.
If we assume that Ellison bought Oracle shares for $ 250, then he would have earned about $ 250 thousand by January 8, 2019. On this date, Larry Ellison is ranked seventh on the list of the richest people on the planet with a fortune of $ 51 billion.
2020: Larry Ellison decided to raise money in support of Trump
In mid-February 2020, Oracle co-founder and executive chairman Larry Ellison decided to raise money to support President Donald Trump in the 2020 election, but more than 2,300 company employees signed a petition against the fundraising.
Over the past few years, employees at Amazon, Google, Microsoft, and Salesforce have spoken out against corporate practices they could not agree with. now, Oracle, known as the provider of IT technologies to the US government, has joined the list. Employees who signed the petition are demanding that Ellison cancel an already scheduled fundraiser for President Trump's re-election campaign. They argue that Trump's behavior is not in line with Oracle's values, one of which is anti-corruption and anti-bribery. At the same time, the authors of the petition refer to Trump's impeachment in December 2019.
Oracle declined to comment. It is known that the first major contracts for the provision of software for databases Oracle entered into with the CIA. Former head of this division, Leon Panetta has served on Oracle's board of directors since 2015, and in 2016, Oracle CEO Safra Katz joined President Trump's team. In addition, Oracle has entered into a major contract with the Pentagon for the implementation of cloud services.
The property
For 2012, in addition to Lanai Island, Ellison has other real estate investments: he owns properties in San Francisco, Lake Tahoe and southern California, as well as in Newport, Rhode Island, and Japan. In an interview with CNBC, he noted that he intends to turn a number of his mansions into art museums. He also said that he has an interest in unusual houses, as he dreamed of being an architect as a child.
2012: Purchase of an island in the Hawaiian archipelago
In 2012, Larry Ellison entered into an agreement to purchase 98% of Lanai, one of the 8 key Hawaiian islands.Upon completion of the deal, Allison will receive 88,000 acres of island land, which prior to the deal belonged to another billionaire, David Murdoch. Hawaii's Public Utilities Commission announced this.
The Hawaiian Islands are an archipelago of twenty-four islands and atolls located in the North Pacific Ocean (between 19 ° and 29 ° North latitude).
Lanai is the sixth largest island in the Hawaiian archipelago. Also known as "Pineapple Island" due to the pineapple plantation that once occupied most of the island. The only settlement is the small settlement of Lanai City. The island is in the form of a comma and is 30 km long in the longest direction. The island has an area of \u200b\u200b364 km² and is the 42nd largest island.
Lanai are touted as the most attractive of the Hawaiian Islands. It is known that there is not a single traffic light on the island, but the lack of transport infrastructure is considered to be its advantage. There are two Four Seasons hotels and two golf courses on the island, all of which will go to Allison after the deal.
Son David and daughter Megan
The son of Oracle CEO Larry Ellison has reached the pinnacle of his career in Hollywood. David Ellison works for Skydance Productions, while own daughter Ellison, Megan Ellison is also involved in the film industry and works at Annapurna Pictures.
Over the past few years, David has become one of the most influential producers in Hollywood. Neither more nor less, he produced the next film series "Star Trek: Retribution", the original name - "Star Trek Into Darkness" It is the twelfth full-length sci-fi film set in the world of Star Trek.
Larry Ellison's son David turns out to be a producer in Hollywood
Work on the film was officially announced by Paramount Pictures in 2010. In early 2010, Paramount Pictures announced that the film would be released on June 29, 2012. The premiere took place in Sydney on April 23, 2013, and worldwide distribution began on May 9, 2013.
He also funded two more blockbusters to be released in summer 2013: the original titles World War Z (humanity fighting zombies) and G.I. Joe: Retaliation (action). Also, Allison Jr. promised to soon release "Mission: Impossible 5" and "Top Gun 2".
Together with his sister Megan David is going to produce "Terminator 5"
David's sister Megan has also been involved in several films, including "Zero Dark Thirty" and Spike Jonze's new film "Her", she is working with David on "True Grit," and together they are going to have a hand in exit "Terminator" (Terminator 5).
Daughter's estate
In November 2013, it became known that Megan Ellison, a film producer and daughter of Oracle founder Larry Ellison, quietly sold three villas in the prestigious Los Angeles area, blogger The Real Estalker reports.
The 27-year-old heiress of Ellison's millions acquired these homes between 2008 and 2011 for a total of $ 33 million. The girl's net income from the sale of real estate was $ 14.5 million.
Houses on the same street numbered 9262 and 9280 (pictured) sold for $ 26.25 million
Panoramic view from one of the villas
The most scandalous quotes
Larry Ellison is one of the most shocking top managers in the IT industry, second, perhaps, only to Steve Jobs - during his tenure at the helm of Oracle Corporation (since 1977) he uttered many phrases that later went down in history. He especially did not spare his competitors, not bothering himself in choosing politically correct epithets. Below are the most scandalous and memorable quotes of Ellison, from which he, however, never refused.
- 2007, on Leo Apotheker: “Oracle filed a lawsuit against SAP in 2007, accusing it of illegally downloading Oracle software. The former head of SAP Leo Apotheker at that time was already at the helm of HP. We took him to court in the SAP case, but HP's board of directors sent him to Bolivia to negotiate with customers. Then he was sent to negotiate in Mongolia, just beyond the reach of the federal subpoena ... later the council realized that they should have left Leo in Mongolia at all.
- 2008, on cloud computing: “An interesting side note about cloud computing is that we are redefining cloud computing: we have done it all before… The computer industry is even more trendy than women's fashion. I may be an idiot, but I don't understand at all what this is about cloud computing. What is it? This is complete nonsense. This is madness. When will this insanity stop? "
- 2008, on cloud computing: “We are preparing announcements of new cloud solutions, because, you know, if orange is the new pink, then we will sew orange blouses. I mean, I'm not going to fight it ... "
- 2010, on Mark Heard: At a time when Mark Heard's struggles as HP's CEO ended up firing him, Allison was very supportive of his friend. He sent a letter to The new York Times regarding his dismissal with the following comments: “Are you going to replace Mark Heard with Leo? It's the best idea since Apple's board fired Steve Jobs. Simply brilliant. " Ellison then hired Heard as president of the corporation.
- 2011, about Steve Jobs (after death): “Trying to become like Steve Jobs is like thinking like this:“ I want to become like Picasso. What should I do? Maybe use more red? "
- 2012, on cloud computing: “I was at the origin of NetSuite, NetSuite was my idea. I called Evan Goldberg and said, "We're going to deliver ERP over the Internet, software as a service." Six months later, Marc Benioff, figuring out what NetSuite was planning, copied it completely. "
- 2012, on the purchase of Lanai Island: "It will be, if you like, a small laboratory of business sustainability on a small scale."
- 2012, on SAP competitors: “When SAP, and especially Hasso Plattner, say that they are going to build an in-memory database and compete with Oracle, I say:“ Lord, give me the contacts of their pharmacist, they must under drugs. "
- 2012, on investment: Ellison is a great philanthropist, especially when it comes to investing in medical programs and research to combat age-related changes. He also helped found NetSuite and Salesforce.com many years ago, but the latter has since become a serious competitor to Oracle. Allison said: "I will never participate in any startups in my life." However, he recently invested in yet another computer-based drug detection startup.
Lawrence Joseph "Larry "Allison (English Lawrence Joseph "Larry" Ellison) - American entrepreneur, co-founder, chairman of the board of directors and chief technology officer (CTO) of Oracle Corporation, former CEO (CEO) of Oracle (1976-2014), the largest shareholder of NetSuite (acquired by Oracle in 2016 for $ 9.3 billion), Salesforce.com start-up investor, philanthropist.
As of August 2017, with a fortune of $ 60.6 billion, it is ranked fifth in America and the seventh richest in the world by Forbes.
Place of Birth. Education.Born on August 17, 1944 in New York to Florence Spellman, a 19-year-old unmarried Jewish woman. His father was an American Air Force pilot of Italian origin. Her father was transferred overseas to a new duty station even before Spellman realized she was pregnant. When nine-month-old Larry fell ill with pneumonia, the mother realized that she could not take care of her baby normally. At the request of his mother, he was transferred to the upbringing of his mother's uncle and aunt in Chicago. Lillian Spellman Ellison and Lewis Ellison adopted Larry when he was 9 months old. Allison didn't know his mother's name and hadn't dated her for 48 years.
Allison grew up in Chicago, attended school there, and began his studies at the University of Illinois at Urbana and Champaign. Due to the death of his adoptive mother, he did not take exams after the second year of study. After a summer in northern California with friend Chuck Weiss, he returned to Chicago and studied for a semester at the University of Chicago, where he first got acquainted with computing. In 1964, at the age of 20, he moved to northern California.
Business. In the early 1970s, he worked for Amdahl and Ampex. One of his projects at Ampex was the development of a database management system for the CIA, which he called Oracle (Oracle).
Ellison was greatly influenced by Edgar Codd's article "A Relational Model of Data for Large Shared Data Banks", which is considered the first work on the relational data model. He, along with two Ampex colleagues, founded Software Development Laboratories (SDL) in 1977. In 1979 SDL was renamed into Relational Software Inc., and a few years later - in 1982 - into Oracle, after the name of the main product - Oracle Database. Knowing about the existence of IBM System R, which was also based on ideas from Codd, Ellison tried to make Oracle DBMS compatible with it. However, IBM refused to disclose the source code of the program and failed to ensure the compatibility of the DBMS. The first released version was Oracle v2 in 1979, for marketing reasons the first version number was not assigned.
In the 1980s, Oracle was busy releasing new versions of the database management system. In 1986, Oracle's shares began to be listed on the stock exchange, and in three years the company increased its sales tenfold, which reached $ 584 million. However, already in 1990, the company faced difficulties, announcing losses, and was forced to lay off hundreds of its employees.
In September 2014, he stepped down from the post of CEO of Oracle Corporation, having served in this position for almost 38 years - since the corporation was founded, but he remained the chairman of the board of directors and took the post of the chief technology officer (CTO) of Oracle corporation. In this position, he will remain in charge of Oracle's software and hardware development management.
In November 2016, Oracle acquired NetSuite for $ 9.3 billion.Ellison had a 35% stake at the time of the purchase and received $ 3.5 billion from the deal personally.
Condition. Ellison's name first appeared in Forbes magazine in 1986, when his fortune was estimated at $ 185 million. During the peak of the value of technology companies before the collapse of the dot-com in 2000, his fortune was estimated at $ 48 billion.
As of September 2012, the fortune was estimated at $ 44 billion - the third in the United States (after the fortunes and).
As of February 2016, the fortune is estimated at $ 43.6 billion (7th in the world).
As of August 2017, with a fortune of $ 60.6 billion, it is ranked fifth in America and seventh in the world by Forbes magazine.
In 2019, the fortune was estimated at $ 62.5 billion, which secured the 7th place in the ranking of the richest people in the world according to Forbes.
Philanthropist. In August 2010, it was reported that Ellison was one of 40 billionaires who signed The Giving Pledge (a campaign to encourage wealthy people to donate most of their wealth to charity). Alison wrote: “Many years ago, I placed virtually all of my assets in trust with the intention of giving at least 95% of my wealth to charities. I have already given hundreds of millions of dollars in medical research and education, and over time I will be giving away billions. Until now, I have done it quietly, because I have long believed that charity is a personal and private matter. "
In 1998, the Lawrence J. Ellison Outpatient Care Center opened on the Sacramento campus of UC Davis Medical Center.
In the aftermath of the 9/11 attacks, Allison made an offer to donate software to the federal government that would build and run a national identity database and issuance of ID cards.
In May 2016, Allison donated $ 200 million to the University of Southern California to establish a cancer research center: the USC Lawrence J. Ellison Institute for Transforming Medicine.
A family. Allison was married 4 times: from 1967-1974 - Ada Quinn, from 1977-1978 - Nancy Wheeler, from 1983-1986 - Barbara Boothe, from 2003-2010 - Melanie Kraft. In a marriage with Barbara Booth, two children were born - David Ellison and Megan Ellison.
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From Wikipedia, the free encyclopedia
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▲ $ 49.4 billion (May 2016) |
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Lawrence Joseph Ellison (eng. Lawrence joseph ellison, Larry Ellison; genus. August 17, 1944, Bronx, New York, USA) - American entrepreneur, co-founder, chairman of the board of directors and chief technology officer (CTO) of Oracle Corporation, former CEO (CEO) of Oracle (1976-2014), the largest shareholder of NetSuite ( acquired by Oracle in 2016 for $ 9.3 billion), an initial investor in Salesforce.com.
Biography
Childhood
condition
Ellison's name first appeared in Forbes magazine in 1986, when his fortune was estimated at $ 185 million. During the peak of the value of technology companies before the collapse of the dotcoms in 2000, his fortune was estimated at $ 48 billion. As of September 2012, his fortune was estimated at $ 44 billion - the third in the United States ( after the states of Gates and Buffett). As of February 2016, the fortune is estimated at $ 43.6 billion (7th in the world)
Personal life
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Notes
Links
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An excerpt characterizing Allison, Larry
We again tried to look through the memory of our new acquaintance ... and immediately understood why he was such an easy target for capture ...In terms of clothing and surroundings, it looked as if it had happened about a hundred years ago. He stood in the middle of a huge room, where on the floor lay, completely naked, two female bodies ... Rather, it was a woman and a girl, who could be at most fifteen years old. Both bodies were terribly beaten, and apparently brutally raped before death. Poor Arno "had no face" ... He stood like a dead man, not moving, and perhaps not even understanding where he was at that moment, as the shock was too severe. If we understood correctly, these were his wife and daughter, over whom someone very brutally abused ... Although, to say "brutally" would be wrong, because no animal will do what it is sometimes capable of man...
Suddenly Arno screamed like a wounded animal and fell to the ground, next to the terribly disfigured body of his wife (?) ... Emotions raged in him, as during a storm, wild whirlwinds - anger replaced despair, rage covered melancholy, after growing into inhuman pain, from which there was no salvation ... He rolled screaming on the floor, finding no way out for his grief ... until finally, to our horror, he completely fell silent, no longer moving ...
And of course - having discovered such a stormy emotional "flurry", and having died with it, he became at that moment an ideal "target" for capture by any, even the weakest "black" creatures, not to mention those who later chased so stubbornly behind him, in order to use his powerful energy body as a simple energy "suit" ... to do after, with his help, his own terrible, "black" deeds ...
“I don’t want to watch it anymore ...” Stella said in a whisper. “I don’t want to see horror anymore ... Is it human? Well, tell me !!! Is that right ?! We are people !!!
Stella started to have a real hysteria, which was so unexpected that at first I was completely at a loss, not finding what to say. Stella was very indignant and even a little angry, which, in this situation, was probably perfectly acceptable and understandable. For others. But it was so, again, not like her, that I just now finally realized how painful and deeply all this endless earthly Evil wounded her kind, affectionate heart, and how much she was probably tired of constantly carrying all this human dirt and cruelty on my fragile, still very childish, shoulders ... I really wanted to hug this sweet, persistent and so sad now, little man! But I knew it would upset her even more. And therefore, trying to keep calm, so as not to touch her already too "disheveled" feelings even deeper, I tried to calm her down as best she could.
- But there is good, not only bad! .. Just look around - and your grandmother? .. And the Luminary? .. Over there Maria generally lived only for others! And how many of them! .. There are a lot of them! You are just very tired and very sad because we have lost good friends. So everything seems to be in "black colors" ... And tomorrow there will be a new day, and you will become yourself again, I promise you! Also, if you want, we won't go to this "floor" anymore? Do you want? ..
- Is the reason in the "floor"? .. - Stella asked bitterly. - From this, after all, nothing will change, will we go here or not ... It's just life on earth. She's evil ... I don't want to be here anymore ...
I was very scared if Stella was thinking of leaving me and leaving me forever ?! But it was so different from her! .. In any case, it was not at all the Stella, whom I knew so well ... And I really wanted to believe that her exuberant love of life and bright, joyful character “will be ground to dust »All today's bitterness and anger, and very soon she will again become the same sunny Stella that she was so recently ...
Therefore, having calmed myself down a bit, I decided not to make any "far-reaching" conclusions now, and to wait until tomorrow before taking any more serious steps.
- And look, - to my greatest relief, Stella suddenly said very interestedly, - don't you think that this is not an Earthly entity? The one that attacked ... She is too unlike the usual "bad earthly" that we saw on this "floor." Maybe that's why she used those two, earthly monsters, that she herself could not get to the earthly "floor"?
As it seemed to me earlier, the "main" monster really was not like the others that we had to see here during our daily "trips" to the lower "floor". And why not imagine that it came from somewhere far away? .. After all, if good ones came, like Weya, why couldn't the bad ones come?
“You’re probably right,” I said thoughtfully. - It fought not on the earth. He had some other, not earthly strength.
- Girls, dear, and when are we going somewhere? - suddenly heard a thin childish voice.
Embarrassed that we were interrupted, Maya, nevertheless, very stubbornly looked directly at us with her big doll-like eyes, and I suddenly felt very ashamed that, carried away by our problems, we completely forgot that these were with us, tired to death, waiting for someone's help, scared kids to the limit ...
- Oh, sorry, my dear ones, well, of course, let's go! - I exclaimed as happily as possible and, already turning to Stella, asked: - What are we going to do? Let's try to go higher?
Having made protection for the kids, we waited with curiosity what our “newly made” friend would do. And he, carefully observing us, very easily made himself exactly the same protection and now calmly waited for what would happen next. Stella and I smiled at each other, realizing that we were absolutely right about him, and that his place was certainly not the lower Astral ... And who knew, maybe it was even higher than we thought.
They call him an extravagant person, an actor, a despot. The loud characteristics fully reflect the explosive temperament, business style and personal life of Lawrence Joseph Ellison. The founder of the Oracle corporation is known for his loud statements, which often border on shocking. All this does not prevent Lawrence, better known as Larry, to be talented in doing business, occupying a leading position in the software industry. At the same time, the start of the life of one of the billionaires of our time did not at all bode well for great achievements and high positions in the Forbes rating. Photo: Oracle PR
Dreamer, loser, rebel
When Lawrence was born (this happened on 08/17/1944 in New York), his mother Florence Spelman was 19. An emigrant from Odessa did not want to spend her youth raising her son, preferring to spend time in nightclubs. According to other sources, Miss Spelman lacked not so much a maternal instinct as a means of subsistence. One way or another, when the baby caught pneumonia by the age of 9 months, Florence gave him up to be raised by her uncle and aunt. The boy's new parents, Louis (Lewis) and Lillian, lived in Chicago.
Larry's adoptive father was from Crimea, Jewish by birth. To hide this, during emigration, he changed his last name Goldman to the American Allison. The head of the family was a civil servant, then made capital on real estate, but lost everything during the Great Depression. Larry's childhood was not carefree: insults from his father, poor grades at school. The boy often heard that he was worthless, stupid, would never achieve anything. The response to humiliation was tears, but the boy continued to rebel, dare, and conflict.
Interesting fact. Lawrence's biological father was a pilot in the US Armed Forces, an Italian by nationality. Probably, it is to him that the extravagant billionaire owes his interesting appearance and explosive temperament.
The guy achieved more or less significant success in the sports line, played hockey, squash, volleyball. Once the school team lost through his fault, they wrote about it in the local newspaper. Louis Ellison cut out the note and did not miss the opportunity to show it to his adopted son, to call him a loser again. Insults, nagging losses - all this shaped the character of the future businessman, brought the time of his triumph closer.
It was impossible to get Lawrence to teach the school curriculum. The stupid guy was drawn to knowledge, but only those that he chose. He was interested in spaceships, black holes, the device of human genes. Larry had good mathematical skills, and soon discovered a talent for a programmer. The schoolboy began to earn extra money: he wrote programs for which he received high fees, comparable to the salary of a university teacher.
When the boy was 12, he learned about his origins. After that, the teenager began to imagine that his real father was the owner of a large fortune, and the same fate awaited him. Classmates were amazed, listening to the stories of Larry, who knew how and loved to fantasize. Even then, Lawrence showed an innate gift of persuasion, which was revealed over the years.
Finding yourself
After school, Larry Ellison entered the University of Illinois. It was easy and interesting to study here. When the guy was in his second year, the family suffered grief: Lillian died. Lawrence dropped out of school, began to interrupt part-time jobs.
A year later, he again became a student, this time at the University of Chicago. Here the future billionaire mastered computer science, but studied for the whole semester. It turned out that interest in studying had faded. He was expelled for absenteeism, poor academic performance. The guy understood: theory and practice are different things, and although a good education is an advantage, it still does not guarantee success in business.
Lawrence, 20, went to sunny California. Using all his knowledge of computers, he again began to write programs to order. The work brought in good money, but it was only enough for rent and food. Larry did not know how to accumulate savings at all, letting them down in a short time. The young man was a regular at a cheap pizzeria, wore the simplest clothes, and rode a bicycle to work. At the same time, the programmer constantly told his colleagues that he would be rich, but no one, except himself, believed this.
The main work of life
Self-confidence was not enough to achieve the dream of a solid capital. Lawrence was constantly calculating schemes, ways to become a wealthy businessman. Once he got lucky. This happened in the early 1970s, when Allison was working for a small firm Amtex. By that time, the self-taught programmer was already able to develop powerful databases that calculate a variety of options. One of these systems, called Oracle, Larry created for the CIA and Air force USA.
An almost ideal mechanism was able to handle a large number of requests and was easy to use. The talented invention turned out to be too good to be just another database. Realizing this, Lawrence created his own company (1977), which he first called SDL, and later renamed Oracle. As partners, he took Bob Miner and Ed Oates, colleagues from Amtex.
Larry has made a significant breakthrough in the computer industry. His Oracle program stored a wide variety of information, from client lists to legal documents. Software buyers needed training, and IT consulting was born. Lawrence made full use of his gift of persuasion. He assured clients that the Oracle, like a real seer, does incredible things. For example, it can determine where to buy the best beer in New York.
At first, the company employed 8 people, the annual profit did not exceed $ 1 million. But soon the company's revenues went up sharply: the talented Larry came up with operating systemcompatible with IBM. The lucky businessman was able to see the potential in the SQL query language in time.
Interesting fact. Thanks to the rapid development of business, in 1986 Allison first entered the Forbes list. Then the personal capital was equal to 185 million dollars, and the estimated value of the company was 31.5 million.
Revenues grew annually, but soon after the meteoric rise, a serious crisis hit. In 1990, the cost of Oracle fell by 80%. The company was on the verge of bankruptcy, Ellison admitted. Many clients began to cooperate with their main competitor - Bill Gates. Larry's firm was accused of almost all mortal sins: deceiving customers, fraud, hiding profits, and incorrect accounting.
In one quarter, the company lost $ 36 million, the value of shares decreased 5 times. The personal losses of the founder of Oracle were no less impressive: minus 800 million out of 954. The situation was aggravated by lawsuits and Ellison's large debt burden. With borrowed money, the head of the corporation bought yachts, cars, houses.
To give up was to lose, but that Larry could not afford. The head fired most of the managers, recruiting experienced professionals to replace them. I myself decided to focus on improving the software. The strategy has paid off 100%. By 1991, Oracle had revenues of $ 1 billion. After 3 years, the amount doubled.
Interesting fact. The beginning of the 1990s was marked by an important event for Ellison in his personal life. Using the services of private detectives, he found his biological mother and met with her.
Don't stop there
In 2004, an American entrepreneur became the owner of People Soft, after 2 years he bought BEA. Thus, Larry sought to get rid of competitors. As a result of the deals, many employees of the firms found themselves unemployed, some products began to be released under the Oracle label, other programs disappeared altogether. Business cruelty has caused scandals, strikes, high-profile proceedings that have changed nothing.
Lawrence Ellison openly calls his strategy of doing business, ruthless and aggressive, a war in which he is going to win by any means. There are legends about the despotism of a businessman, but Larry is sure: the end justifies the means. He employs only the best of the best, most ambitious, hardworking employees.
For many years in a row, Larry has been striving to get ahead of his main competitor - Bill Gates. In 2009, both billionaires took the highest lines in the Forbes rankings, only Ellison was second after Bill. In 2017, Larry dropped to 7th place with a net worth of $ 52.2 billion. But his brainchild, Oracle Corporation, is still the second largest software producer in the world.
In 2014, Lawrence, unexpectedly for many, stepped down as CEO of the company. However, he retained the positions of director of technology development and head of the board of directors. Ellison later announced that Oracle would focus on cloud computing in detail. Once again, the instinct did not disappoint the talented businessman: for last year shares of the corporation increased by 18%. Like many billionaires, Lawrence is involved in charity work, finances medicine, education. Several years ago he joined the Oath of Giving campaign, promising to donate up to 95% of his capital to philanthropy.
Ellison's personal life is also the subject of active discussion. The successful businessman was married 4 times, the third wife gave birth to his son and daughter. Now Larry is single again, but does not suffer from loneliness. He has everything he dreamed of: a thriving business, money, the favor of women.
Thanks to his solid capital, Ellison's acquisitions include one of the Hawaiian Islands, several planes, a Formula 1 car, a yacht, a professional tennis tournament, and a lot of real estate. The billionaire is fond of extreme sports, loves risk, speed, thrill. All this has something in common with the way an entrepreneur conducts business, because sometimes success depends on how quickly the right decision is made. Many criticize Larry Ellison, but this does not diminish his merits. The name of a talented programmer and businessman has been inscribed in the history of software development forever.
Lawrence Joseph Ellison is an American founder of Oracle Corporation, former CEO, largest shareholder in NetSuite, and initial investor in Salesforce.com. A man of interesting destiny and extraordinary abilities.
The beginning of this man's life did not promise him great success. Always a disgruntled father, no special talents, mediocre school performance ...
All this foreshadowed Larry Ellison (born in 1944 in New York) the usual dull life of the layman. And only an incredible fantasy sharply distinguished Larry among his peers.
Especially the penchant for fantasy began to manifest itself after the boy found out that he was an adopted son. In his dreams, he imagined himself the heir to a large fortune, and, as an adult, he continued to tell tales about his father's money and his own higher educationthat he didn't have.
But out of the blue, Larry showed a talent for programming. The guy quickly understood this and mastered new and incomprehensible knowledge for most.
He learned to write programs, and then he sold them and got good money. However, Ellison did not know how to save banknotes, they disappeared quickly enough. However, this did not upset the young man at all, he believed that he would be rich and successful.
In the 70s, Larry found his gold mine - he decided to create and sell unique databases that could read the most incredible options. It was then that the Oracle program was created (Oracle).
Allison was good at using his persuasion and imagination. He assured customers that the program was capable of handling tons of data and delivering accurate results. For example, she can answer the question: where can you buy the freshest beer in New York.
Larry convinced that his product was suitable for both huge computers and mini-computers. Naturally, the programmers who worked with him did not have time to realize all his fantasies and promises.
Therefore, customers often encountered poorly performed work. However, there was no choice, since there were no Oracle analogues at that time. Even such serious departments as the CIA and the US Air Force became interested in his developments.
Larry Ellison always demanded complete dedication from his subordinates. And this tactic paid off: Oracle became the fastest growing company in America.
Income increased every day, and employees had every chance of getting rich. Within the team, there was a spirit of eternal competition, which Allison himself asked.
Only the strongest and most aggressive survived. All of this was duly encouraged, so Oracle's development proceeded at a rapid pace. Naturally, Larry dealt with competitors in the toughest possible way, using all available methods.
However, this could not last forever. One day, not the most beautiful day, thunder burst over Ellison's head. Everything surfaced: inaccuracies in accounting, deceiving customers, theft in the company ...
Several years have passed in litigation and constant layoffs of employees. But, every cloud has a silver lining. Oracle's new developments were much better. The company's financial position began to improve rapidly.
Ellison decided that the databases should function in such a way that they can be easily managed over the Internet. That is, the "client-server" technology should replace "Internet computing". This will enable everyone to use simple Internet browsers, and not resort to complex application software.
All this will greatly facilitate reporting in large corporations and save a significant amount of money. After giving the appropriate instructions to the software developers, Larry went to rest. However, when he arrived, he did not see much progress in his work. His idea seemed too extravagant to the staff. After this incident, Allison did not leave the company for more than two weeks.
Throughout 22 years of management, Larry Ellison held the reins in his hands. In 2000, he was on the second line in the list of the richest people in the world according to Forbes.
The first line was occupied by Bill Gates, to whom Ellison constantly felt a feeling of deep hostility. However, to everyone's surprise, in 2004 he decided to sell most of the shares and step down as chairman of the board of directors.
However, the reason turned out to be quite simple: having reached the heights in business, Larry Ellison decided to finally improve his personal life and get married for the fourth time.