Studying the stories of successful entrepreneurs, one cannot help but pay attention to some patterns: all these people are extremely ambitious, strict with themselves and others, and most importantly, they have simply brutal instinct and intuition when it comes to money.
A striking example of such a person is the head of a corporation. Today he constantly flickers on the covers periodicals and more than once took a place in the TOP 10 richest people. He is feared, respected and reckoned with. And it all started so prosaically that Larry could have been one of the millions of dreamers-losers, if not for a few fateful decisions.
How it all began
Larry Ellison (Lawrence Ellison) was born in New York in 1944. It is difficult to call his family not only prosperous, but even average: Larry did not know his father, his mother is a 19-year-old Russian emigrant, who almost immediately after birth gave the child to foster parents.
Constant skirmishes with his stepfather on the basis of Larry's independent nature are one of the main reasons why Larry began to think about the aimlessness of life. According to his stepfather, Larry was a stupid, lack of initiative, useless teenager for society, who simply “smokes the sky”.
By the way, Ellison really did not achieve any success at school: he did not study well, but not because he was really stupid, but because of a lack of interest in learning. However, after school it was necessary to join adult life, and an inevitable attribute of such a life is college.
In college, Larry also did not prove himself, and he was expelled after the first semester. Interrupted by non-permanent earnings throughout the next year, Larry decides that this cannot continue, and somehow enters the University of Chicago. But here, too, he was more engaged in self-digging, reading the literature that interested him and looking for opportunities to earn big money.
Even then, he decided for himself: "I will become rich and famous, if only in order to prove to my stepfather how wrong he was."
Becoming "Oracle"
By chance, Larry literally stumbled upon the island of activity that really interested him: these were computers and programming. The young student began to read thematic magazines and periodicals, and spent the lion's share of his small earnings on books. And then it turned out that Ellison was not stupid at all: he just couldn’t fulfill himself before that, and when he found his niche, he became the first in it.
Unlike his peers and friends, he very quickly "absorbed" knowledge of programming, and in just a few months he was already writing rather complex programs. By chance, buyers were found for such software, Larry began to earn money, got a good practice, and, in the end, decided to move to California, where the prospects were very, very impressive.
In the 70s, the programmer got a job in a small computer company Amtex, and literally from the first days struck his colleagues and superiors with the statement: “ I'm not here for long - I'll be a millionaire very soon and I won't have to spend time in this office».
Literally a couple of years later, Allison creates his first "brainchild" - it was an incredibly convenient, multifunctional and almost perfect database. Larry patented his development and created his own company " Oracle", which at first consisted of him alone.
However, the development of the company was facilitated by the fact that users not only appreciated new system and were willing to pay good money for it. Customers needed support and training, and here Larry is making another one. important step: Starts providing IT consulting services. 
Of course, the development of the company was not as fast as Larry himself wanted: by 1980, in " Oracle» There were only eight people who did not always have time to cope with the work. Employees of the company had to work from morning to night, as a result, a year later, the system Oracle interested in IBM.
Close and fruitful cooperation ensued, and from that moment on, the company's business rapidly went up. The company's profits went to new level: in 1981, the annual income " Oracle amounted to almost two million dollars. This made it possible for Ellison to expand the company, increase the number of employees and completely leave his job in the office, taking the chair of the CEO. Since then, every seven years, the company's profit has grown by geometric progression, but managed to prove to himself and others that he was far from being useless and not stupid.
By the way, in 1992, Larry, having spent a million dollars on the services of private detective agencies, found his real mother and was able to say to her eyes: Mom, look: I did it».
Success Secrets from Larry Ellison
There are many similar stories, and they all have one common feature: starting and ending point, becoming and success - always connect. Another thing is that the paths between these points can be direct and obvious, they can be winding and obscure, or they can be long and heavy, like in . 
But we must not forget that everyone chooses his own path to success, and Larry Ellison had his own set of laws and rules, according to which he acted all his life.
1. "Road spoon to dinner"
Larry clearly understood that the main thing in business is to occupy a certain niche in time. "On time" in this case means "first". Working with databases in the 80s was quite complicated and caused many problems. And most importantly, there were no companies on the market that could offer any alternatives, ways to make work easier, or simply create simple and effective solutions. Larry succeeded.
2. "Never give up"
Not everything and not always in " Oracle' went smoothly. It's not even about the fact that certain difficulties always arise in young companies. Already in the 90s, when everything seemed to be settled, the business suddenly began to bring much less profit. It was simply impossible to attribute this to economic difficulties, and Ellison had to deal with the problem personally and literally from the bottom.
The root of the problem was found pretty quickly. Larry just let things take their course when the money began to suffice for pleasures and luxuries. As a result, in the company, which was left to the deputies and heads of departments, "confusion and vacillation" began. I had to almost completely change the management of the company and carry out a “cleansing” in the accounting sector. As a result, the company Oracle”was paralyzed for several months, but the situation was eventually rectified.
3. "The strong eat the weak"
Larry always felt great potential in himself, and when the right moment came for self-realization, he did it and has not stopped since then. Allison is very aggressive, tough and goal-oriented person. He was used to quickly solving any problems, and if he could not do it, he tried again and again. This also affected the internal policy of the company: Larry always forced his subordinates to strive for a goal, especially if it was the goals of the company. And for this in the state Oracle The best ones should always work.
Hard fact: In the 80s, Larry personally interviewed candidates for every position in his company. The first question has always been: Were you the smartest on the course?". If the candidate answered Yes"- he was immediately accepted into the state. In the case of a negative answer, Larry said: “ Then give me the coordinates of the best on your course and called this person.
4. Innovation
Another important point: no matter how successful a business is, it will not be able to stay afloat if it is not improved and improved in accordance with the realities of life. In addition, " Oracle Quite quickly there were competitors who were trying their best to do something new and better.
Today, even on the official website " Oracle” you can see the statement that “the company does not intend to stop there and we look to tomorrow today”.
11:06 18.03.2013
One of the richest people in the world, founder and head of the Oracle corporation, founder of the second largest computer company in the world, ranked 5th in the Forbes rating in 2012. Larry Ellison belongs to the type of people who are more afraid than idolized, but this does not prevent him from being the head of a large corporation, increasing his fortune by several billion dollars every year, changing women and enjoying life. The one he dreamed about since childhood, and which became possible only thanks to his own efforts.
Biography of Larry Ellison
Lawrence (Larry) Ellison was born in 1944 in the USA. His mother at that time was only 19, and his father did not even know about his existence. When Larry was 9 months old, his mother gave him up to his uncle and aunt, who adopted him. Only at the age of 12 did the boy learn the real story of his origin. I must say that Larry did not see his biological mother for 48 years, until he hired a private detective to find out more about his small segment of life in that family.
Since childhood, the boy had a rather tough temper, grew up independent and did not succumb to influence, which led to frequent conflicts with his adoptive father. It should be noted that the uncle who replaced Larry's father was a native of the Crimea and changed his surname Goldman to hide his Jewish origin. This helped him in America to make a fortune doing real estate. However, all was lost during the Great Depression. These youth Lawrence Ellison recalls with dislike. Constant nagging from his adoptive father, bad grades in school, remarks from teachers that he was good for nothing, mistakes in sports and the full realization that he would never become a millionaire. Surprisingly, it was these unpleasant moments that became the starting point from complete zero to the first million dollars.
Larry did not like to study, but he was very fond of reading books and was interested in issues that were not at all related to the school curriculum. Hobbies for black holes, human genes, the insides of a computer were of little interest to anyone if he could not cope with the development of the basic school curriculum. In addition, Larry had an amazing gift for writing. various stories, however, the main character in them has always been himself. The future billionaire believed that the main thing in the world is not love at all, but respect for other people. It was respect that became the main direction in communication, which is also proved by the fact that Larry has been married four times today!
Thanks to his mind and tenacious grip, he began to receive the first programming orders at school and received more than any university teacher. From computers, programs, databases and programming Lawrence Ellison received real pleasure. He argued that the computer industry is much more dependent on fashion than any women's fashion. This means it requires heightened attention and creativity. However, the adoptive parents insisted that it was very important to get a higher education.
After graduating from high school, he managed to enter the University of Illinois. However, after the death of his adoptive mother, Larry leaves the university and looks for ways to earn money. He changed many jobs, but all of them were inevitably connected with the computer. The second attempt to conquer the university was successful a year later. He entered the University of Chicago. Despite the fact that he was one of the most talented students, he was expelled after the first semester for absenteeism and poor progress. Larry Ellison understood all the imperfection of education and the complete discrepancy between theory and practice. "A good education is an advantage in business, but not a guarantee of success," said the future founder of Oracle.
First steps in business
In 1964, at the age of 20, he moved to California with a wealth of knowledge about computers and the ability to create the simplest programs. Here he began to carry out serious orders and earn very good money. True, Larry did not know how to save and save at all: he skipped all his earnings at once. But he understood one thing for sure: whoever learns to manage information faster than anyone else will be the winner. At that moment, he told himself and those around him that he would become a millionaire. “I will do everything,” he said. True, no one could assume that an ordinary guy who rides a bicycle, wears the same clothes, eats in a cheap pizzeria, will succeed. And he only constantly came up with drawings and diagrams that would make him one of the richest people in the whole world.
And finally, I came up with! In the early 70s, Larry Ellison worked for an unremarkable company - Amtex. Together with Robert Miner, they create a completely new concept development software. These new developments were so good that they were introduced into the work of the CIA and the US Air Force almost immediately. From this small laboratory for the creation of a universal, multifunctional and perfect database, the story of his phenomenal success and the success of the huge corporation "Oracle" begins.
In one of his speeches, Ellison said: "When I founded Oracle, I just wanted to create an environment in which I would enjoy working." In 1977, SDL was founded, which was later renamed Oracle. The name speaks for itself: the database created by Larry was supposed to store a wide variety of information, from a list of employees to legal documents. At that time it was a real breakthrough in the computer industry!
In addition, clients demanded training and consulting from their company. This is how IT consulting was born. However, the development of the company did not stop there. After reading one of Edgar Codd's articles, the future billionaire began to dream of creating an operating system that would be compatible with IBM. And they succeeded! Income has increased exponentially. Shares of Oracle went public and the company multiplied its sales tenfold. As evidenced by the fact that the name of Larry Ellison first appeared on the Forbes list in 1986, when his fortune was estimated at $ 185 million.
In the 1990s, the company experienced a crisis, due to which the company was on the verge of bankruptcy. Customers are increasingly leaving for competitors. Bill Gates has become the main contender for the palm. After Ellison confirmed that the company had failed, profits fell by more than five times, and his income for the year was reduced by more than 800 million. In addition, the company was accused of concealing income, fraud and incorrect accounting. The situation was complicated by the fact that all of his newfangled and expensive acquisitions in the form of cars, yachts, fitness centers and houses, Lawrence carried out thanks to huge loans that had to be repaid.
And at this point, Allison was not going to give up. He radically changes the composition of employees and recruits only experienced and professional managers, while he devotes himself entirely to improving his software product. And again - to the point! In 1991, the oracle company receives its first billion, only increasing its turnover every year.
In 2004, he bought out People Soft, in 2006 - BEA. Ellison calls the conquest of the market a war and leads the most brutal fight for the right to be called the best. His attitude in life: “I'm addicted to winning. The more you win, the more you want to win."
To date, his fortune is estimated at 43 billion dollars. This is 7 billion more than last year. Larry owes this growth to the purchase of Sun Microsystems in 2009. And he's not going to stop. “It’s not enough for me to win. Everyone around should go bankrupt, ”said the billionaire.
Larry Ellison's Business Rules
The world's fastest growing billionaire claims that if you can't be "number one" in business, then you have nothing to do in it. He directed all his strength, mind and energy to the creation profitable corporation which must be successful and competitive. He hires only the best, most ambitious and hardworking workers. At interviews at the Oracle, everyone had to answer the question: “were you the smartest in the course?”. If the answer was yes, then he was hired, if negative, then they asked who was the smartest and called him. Lawrence himself says that he does not hire a person with whom he could not have lunch three times a week. He is not interested in the past place of work, the main thing is perseverance and the desire to win!
There are legends about his despotic and authoritarian character, as well as about his personal life and hobbies. 4 scandalous marriages, his own yachts, the purchase of a personal Macketty fighter and an island in Hawaii and hobbies for extreme sports - this is not the whole list of his quirks. But most of all he loves money. “... When you earn as much as I earned, you don’t know what to do with them. You can only spend a few hundred million, if you don’t try hard enough. Even after ten million financial difficulties fall away. If a person has ten million, he is able to provide for his family and children. And I need a billion to maintain my standard of living. That's how it is! I need a billion. I started from scratch, my parents didn't have a cent. That's why I still remember that 10 million is a lot of money. I was poor, I became rich, and, to be honest, being rich is much better. Some say wealth did not make them happy. If so, give your bucks to me, I know what to do with them ... "
Among his entourage there are more opponents than supporters. But no matter how brutal his methods of doing business and fighting with competitors, one thing is for sure: it produces excellent results. Larry Ellison has already written himself into the history of software development.
Allison Larry (Larry Ellison)Lawrence Joseph Ellison(Lawrence Joseph Ellison) is the founder and CEO of Oracle Corporation. Also known as Larry Ellison.
Biography
1944: Mother's son from Odessa
Lawrence Ellison was not the best happy childhood. Larry Ellison doesn't know his father's name. It is only known for certain that Larry's mother was an unmarried immigrant from Odessa. Shortly after arriving in America, she left him in the care of her uncle and aunt living in New York and disappeared without a trace.
The name of Larry Ellison comes from the name of Ellis Island - a filtration point for emigrants from Europe.
He was brought up by foster parents, but his mother died when he was not yet 18, and his father was sent to prison. Lawrence had to take care of himself, and after saving up some money, he moved from the Bronx to the more promising Berkeley. Over the next eight years, Ellison worked part-time, until he got a job at Ampex as a programmer. There he developed his first serious program, a large database called Oracle.
1977: Founding of Oracle
In 1977, along with Ampex employee Robert Miner, Lawrence founded Software Development Labs, a company focused primarily on consulting corporate clients.
One day Lawrence came across a document written by an IBM employee describing the concept of the 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 compatible with mainframes and personal computers. Buyers were found quickly and in honor of the same Lawrence database, they decided to rename the company to Oracle. In 1980, only 7 people worked with Lawrence, and the annual income did not exceed a million dollars. After IBM adapted SQL to its computers, Oracle's revenue doubled every year.
1980s: Ellison set the food trend in Silicon Valley
From an interview given by the head of the restaurant company Bon Appetit Management Company Fedele Baucho (Fedele Bauccio) to Business Insider in early November 2014, it became known how Larry Ellison influenced the food system in Silicon Valley.
Founded in 1987, Bon Appetit is engaged in the construction and maintenance of cafes, restaurants and canteens for corporations and educational institutions. The company is based in Palo Alto near the headquarters of major technology companies such as Google and .
“My office was right next to where the VCs 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 cold and hot sandwiches and sandwiches at the headquarters of Oracle in Redwood Shores.
“Being Italian, I said I could do it. However, we were sure that this diner would not last long,” said Fedele Baucho.
Paninoteca was opened, and then as Oracle began to expand, several other concept coffee shops appeared on campus. Now there is a Japanese noodle restaurant, an Indian cafe 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 taste and sit as you like, Bon Appetit CEO emphasized.
Power points deployed in companies Silicon Valley, Fedele Baucho called "a place of chance meetings 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 in order to eat deliciously.
1991: Oracle on the brink of bankruptcy
In 1990, when the company received the status of a leading software manufacturer, the first failures appeared. Accustomed to steady growth, managers failed to anticipate the consequences of new players entering the market, and for the first time in Oracle's history, its costs exceeded revenues. Things only got worse in 1991. Sales of Oracle fell by 80% and the company was on the verge of bankruptcy. Lawrence replaced most of the leaders and managers with the best in the business, and it worked. Thanks to a competent marketing policy and the release of new powerful databases, Oracle managed to return to its previous level. Its products were used by banks, airlines, car companies and supermarkets. And with the spread of e-commerce, Oracle's revenues have increased exponentially.
2009: On the 4th place in the list of the richest people of the world from $22 billion
According to Forbes magazine on March 11, 2009, Ellison is in the top three richest people and in fourth place in the global ranking of the rich. His fortune is estimated at $ 22 billion. At this time, he owns a 22.59% stake in Oracle Corporation.
2012
Plans to buy a sports empire
In October, 2012 it became known that the head of Oracle 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 the media group, whose starting price is $10 billion, is "tentative."
Ellison, the third richest person in , recently made an eccentric purchase by acquiring an island in Hawaii. Buying AEG will allow him to take control of, for example, a National Football League team and move it to Los Angeles.
Auction events for the sale of AEG are just beginning, this week bankers from Blackstone Advisory Partners only sent out the necessary information to potentially interested buyers. An information memorandum containing no financial data was sent to dozens of addresses.
Among the assets of AEG, in particular, a stake in the Los Angeles Lakers NBA basketball club, the LA Kings hockey team, as well as more than 100 entertainment and sports centers around the world and promotion business to promote AEG Live concerts. Interested parties will be able to submit bids for the AEG auction at the end of October 2012.
Accusations of fraud with the purchase of a subsidiary
From documents provided by Oracle to the US Securities and Exchange Commission (SEC) at the end of September 2017, it follows that in the next five years, Ellison is entitled to a share option in the amount of $103.7 million, or $20.7 million per year. This is 47% less than the previous share awards and corresponds to a 50% reduction in total payments to the former CEO.
The compensation package of Larry Ellison who by October, 2017 holds a post of the technical director of Oracle, includes $17.5 million of options, however Oracle did not explain how this amount is generated. The FT notes that the final share payout could be substantially increased if the company meets the targets set out in the compensation plan.
Oracle halves payments to Larry Ellison under pressure from shareholders
Oracle has not guaranteed that Ellison and other high-ranking 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 the target financial indicators and quotes. The goals include increasing the share price to $80 (up 64% from the level of October 6, 2017) and increasing the revenue and profitability of the cloud business to certain levels. This extends not only to Ellison, but to all senior management.
Thus, this can be seen as a victory for the largest institutional investors, who for many years criticized the inflated directors' earnings.
U.S. public companies are required to submit their executive compensation policy to a mandatory shareholder vote and submit executive earnings reports (say-on-pay) for "recommendatory" approval, but there are no legal obligations to do so. For five years in a row, Oracle shareholders disapproved of executive compensation, but until 2017, the company only cut payouts slightly and added new tasks to the salary system.
According to Kirk Hanson, director of the Center for Applied Ethics at Santa Clara University, payouts for three top Oracle executives have been very high in recent years. While the say-on-pay vote has been effective in drawing attention to inflated salaries, it's too early to tell how Oracle's new financial arrangements will work in practice, he warns.
In SEC filings, Oracle says dissatisfaction with management compensation was main theme at meetings of shareholders with independent directors, however, this issue received “ positive reviews» under the new agreements.
Shareholder dissatisfaction grew 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 earned by that time about $ 650 million in ten years.
| The Board of Directors, led by the Nominating and Corporate Governance Committee, has undertaken a thorough and rigorous process to find new independent directors, looking around the world for candidates with a wide range of skills who, like Tesla, strongly believe in the mission of accelerating the world's transition to sustainable energy. Tesla said in a statement. |
The SEC ordered Tesla to invite two new independent directors after a scandal when founder and CEO Elon Musk tweeted about Tesla's possible delisting and turning it into a private company. The Securities and Exchange Commission reviewed this claim and announced that Musk misled Tesla investors. As a result, Elon Musk was also forced to leave the post of head of the board of directors of Tesla, and this place was taken by Robin Denholm, formerly one of the directors of the board. At the same time, Musk remained the CEO of the company.
As of the end of 2018, Tesla's board of directors has 11 members, including 3 women. In the fall of 2018, California introduced a requirement for publicly traded companies to have women on boards of directors, becoming the first US state who took such a step.
Lanai are advertised as the most attractive among 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. The island is home to two Four Seasons hotels and two golf courses, all of which will go to Ellison 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 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 acted as the producer of the next film series "Star Trek: Retribution", the original title is " Star Trek into the darkness" star trek Into Darkness). It is the twelfth feature-length science fiction film set in the world of Star Trek.
Larry Ellison's son David turns out to be a Hollywood producer
The film was officially announced by Paramount Pictures in 2010. In early 2010, Paramount Pictures stated that the film would be released on June 29, 2012. The premiere took place in Sydney on April 23, 2013, and the worldwide release began on May 9, 2013.
He has also financed two more blockbuster films to be released in the summer of 2013: original titles"World War Z" (humanity vs zombies) and "G.I. Joe: Retaliation" (action). Allison Jr. also promised to soon release Mission: Impossible 5 and Top Gun 2 on the screens.
Together with his own sister Megan, David is going to produce "Terminator - 5"
David's sister Megan has also been involved in the creation of several films, including "Zero Dark Thirty" and New film Spike Jonze "Her" is working with David on "True Grit," and together they're going to have a hand in the release of Terminator 5.
Daughter's property
In November 2013, it became known that Megan Ellison, film producer and daughter of Oracle founder Larry Ellison, quietly sold three villas in a prestigious area of Los Angeles, blogger The Real Estalker reports.
Ellison, the 27-year-old heiress of millions, purchased 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.
The prestigious area is called "The Birds" (literally - birds), since most of the streets here are corresponding names. It is a favorite haunt of many celebrities, including popular Hollywood actors Leonardo DiCaprio, Jennifer Aniston and George Harrison.
Panoramic view from one of the villas
The most scandalous quotes
Larry Ellison - one of the most outrageous top managers in the IT industry, second only to Steve Jobs - during his tenure at the helm of Oracle Corporation (since 1977), he uttered many phrases that then went down in history. He especially did not spare his competitors, not bothering himself in choosing politically correct epithets. Below are Ellison's most scandalous and memorable quotes, which, however, he never refused.
- 2007, about 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 subpoenaed him in the SAP case, but the HP board of directors sent him to Bolivia to negotiate with customers. Then he was sent to negotiate in Mongolia, just out of 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 note about cloud computing is that we're reinventing cloud computing: we've done it all before… The computer industry is even more trend-driven than women's fashion. Maybe I'm an idiot, but I don't understand at all what is it about in relation to cloud computing in question. What is this? This is complete nonsense. This is madness. When will this insanity stop?"
- 2008, about cloud computing: “We are preparing announcements of new cloud solutions, because, you know, if orange is the new pink, then we will be sewing orange blouses. I mean, I'm not going to fight it…"
- 2010, about Mark Heard: At the time of Mark Heard's difficulties as CEO of HP, which ended in his dismissal, Ellison 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 change Mark Heard for Leo? This best idea since the Apple board of directors fired Steve Jobs. Just brilliant." Ellison then hired Heard as president of the corporation.
- 2011, about Steve Jobs (after his death): “Trying to become like Steve Jobs it's like saying, “I want to be like Picasso. What should I do? Maybe use more red?
- 2012, about 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 web, software as a service." Six months later, Marc Benioff figured out what NetSuite was planning and copied it completely."
- 2012, on the purchase of Lanai: "It will be, if you like, a small laboratory of business sustainability on a small scale example."
- 2012, about SAP competitors: “When SAP, and especially Hasso Plattner, talk about how they are going to build an in-memory database and compete with Oracle, I say: “God, give me the contacts of their pharmacist, they must be under drugs."
- 2012, on investments: Allison is a big philanthropist, especially when it comes to investing in medical programs and anti-ageing research. He also took part in the creation of NetSuite and Salesforce.com years ago, but the latter has become a serious competitor to Oracle. Ellison said: "I will never again participate in any startups in my life." However, more recently, he invested in another startup for computerized drug detection.
He is called an extravagant person, an actor, a despot. Loud characteristics fully reflect the explosive temperament, business style and personal life of Lawrence Joseph Ellison. The founder of Oracle Corporation is known for loud statements that often border on outrageous. All this does not prevent Lawrence, better known as Larry, to run a talented business, occupying a leading position in the software industry. At the same time, the start life path one of the billionaires of our time did not at all portend great achievements and high positions in the Forbes ranking. Photo: Oracle PR
Dreamer, loser, rebel
When Lawrence was born (it happened on August 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 was missing not so much maternal instinct how much livelihood. One way or another, when by the age of 9 months the baby caught pneumonia, Florence gave him to be raised by her uncle and aunt. The boy's new parents, Louis (Lewis) and Lillian, lived in Chicago.
Adoptive father Larry was a native of the Crimea, a Jew by origin. To hide this, during the emigration, he changed his surname Goldman to the American Allison. The head of the family was a civil servant, then made capital in 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. Tears were the answer to the humiliation, but the boy continued to rebel, to be insolent, to 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 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 never missed a chance to show it to his adopted son, calling him a loser again. Insults, nit-picking, losses - all this shaped the character of the future businessman, brought the time of his triumph closer.
It was impossible to force Lawrence to learn the school curriculum. A smart guy was drawn to knowledge, but only to those that he chose himself. He was interested spaceships, black holes, the device of human genes. Larry had good mathematical abilities, and soon discovered the talent of a programmer. The student 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 origin. After that, the teenager began to imagine that his real father- the owner of a large fortune, and the same fate is prepared for him. Classmates wondered, listening to the fables of Larry, who knew how and loved to fantasize. Even then, Lawrence showed an innate gift of persuasion, which was revealed over the years.
In search of myself
After high school, Larry Ellison entered the University of Illinois. Studying here was easy and interesting. When the guy was in his second year, grief befell the family: Lillian died. Lawrence threw educational institution, began to interrupt with 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 only a semester. It turned out that interest in learning faded. He was expelled for absenteeism, poor academic performance. The guy understood: theory and practice are different things, but a good education although it is an advantage, it still does not guarantee success in business.
20-year-old Lawrence went to sunny California. Using all his knowledge of computers, he again began to write programs to order. The work brought good money, but they were only enough for rent and food. Larry was completely incapable of accumulating savings, spending them for a short time. The young man was a regular in 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 business of life
To achieve the dream of a solid capital, self-confidence alone was not enough. Lawrence constantly calculated schemes, ways to become a wealthy businessman. Once he got lucky. It happened in the early 1970s, when Ellison was working for a small firm called Amtex. By that time, the self-taught programmer already knew how to develop powerful databases that calculate various options. One such system, called the Oracle, Larry created for the CIA and the US Air Force.
The almost ideal mechanism was able to process a large number of requests and was easy to use. A brilliant 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 made a significant breakthrough in the computer industry. His Oracle program stored everything from client lists to legal records. Software buyers needed training, and IT consulting was born. Lawrence used his gift of persuasion to the fullest. 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 system compatible 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 the business, already in 1986, Ellison first got into Forbes list. Then the personal capital was equal to 185 million dollars, and the estimated value of the company was 31.5 million.
Incomes grew annually, but soon after a meteoric rise, a serious crisis set in. In 1990, the cost of Oracle was reduced by 80%. The company was on the brink of bankruptcy, Ellison acknowledged. Many clients began to cooperate with the main competitor - Bill Gates. Larry's firm was accused of almost all mortal sins: cheating customers, fraud, hiding profits, incorrect accounting.
In one quarter, the company lost 36 million dollars, the value of the shares decreased by 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 heavy debt load. With borrowed money, the head of the corporation bought yachts, cars, houses.
Giving up meant losing, but Larry couldn't afford it. The head dismissed most of the managers, recruited experienced professionals in their places. He himself decided to focus on improving the software. The strategy paid off 100%. By 1991, Oracle's profit was $1 billion. After 3 years, the amount has doubled.
Interesting fact. The beginning of the 1990s was marked for Ellison important event and in 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, 2 years later he bought BEA. Thus, Larry sought to get rid of competitors. As a result of the transactions, many employees of firms were unemployed, some products began to be released under the Oracle label, and other programs disappeared altogether. Business cruelty has caused scandals, strikes, high-profile trials that have not changed anything.
Lawrence Ellison openly calls his business strategy, merciless 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 that the end justifies the means. He hires only the best of the best, the 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 places in the Forbes ranking, only Ellison was second only to Bill. In 2017, Larry dropped to 7th place with a net worth of $52.2 billion. But his brainchild, Oracle Corporation, is still the world's second largest software producer.
In 2014, Lawrence, unexpectedly for many, stepped down as the CEO of the company. At the same time, he retained the positions of director of technology development and head of the board of directors. Ellison later announced that Oracle would be looking into cloud computing in detail. Again, the instinct did not let the talented businessman down: for Last year Corporation shares increased by 18%. Like many billionaires, Lawrence is involved in charity work, finances medicine and education. A few years ago, he joined the Giving Pledge campaign, promising to donate up to 95% of his capital to philanthropy.
Ellison's personal life is also the subject of active discussion. A successful businessman was married 4 times, the third wife bore him a son and a 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 solid capital, Ellison's acquisitions include one of the Hawaiian Islands, several aircraft, a Formula 1 car, a yacht, a professional tennis tournament, and a lot of real estate. The billionaire is fond of extreme sports, likes risk, speed, thrill. All this echoes 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 is forever inscribed in the history of software development.
You are not a slave!
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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(English) Lawrence Joseph Ellison, Larry Ellison; genus. August 17, 1944, The Bronx, New York, USA) is an 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), largest shareholder of NetSuite ( acquired by Oracle in 2016 for $9.3 billion), an initial investor in Salesforce.com.
Biography
Childhood
State
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 dot-com crash 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 place in the world)
Personal life
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Notes
Links
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Excerpt characterizing Allison, Larry
We again tried to look through the memory of our new acquaintance... And then we realized why he was such an easy target to capture...In 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 two female bodies lay completely naked on the floor ... Or rather, they were a woman and a girl who could be fifteen years old at most. 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, since the shock was too cruel. If we understood correctly, these were his wife and daughter, who were abused by someone in a very brutal way ... Although, it would be wrong to say “atrociously”, because no animal will do what it is sometimes capable of Human...
Suddenly, Arno screamed like a wounded animal and fell to the ground, next to the terribly mutilated body of his wife (?) ... In him, as during a storm, emotions raged in wild whirlwinds - anger replaced hopelessness, rage covered melancholy, then growing into inhuman pain, from which there was no escape ... He rolled on the floor screaming, finding no way out for his grief ... until finally, to our horror, he completely calmed down, no longer moving ...
And of course - having opened such a stormy emotional "flurry", and having died with it, at that moment he became an ideal "target" for capture by any, even the weakest "black" creatures, not to mention those who later so stubbornly pursued behind him, to use his powerful energy body as a simple energy "suit" ... to do after, with his help, his terrible, "black" deeds...
“I don’t want to watch this anymore ...” Stella said in a whisper. “I don’t want to see horror anymore… Is that human?” Well tell me!!! Is this right?! We are people!!!
Stella began to have a real hysteria, which was so unexpected that in the first second 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 completely acceptable and understandable. For others. But it was so, again, unlike her, that I only now finally realized how painfully and deeply all this endless earthly Evil had hurt her kind, affectionate heart, and how tired she must have been to constantly bear all this human dirt and cruelty on my fragile, still quite childish shoulders.... I really wanted to hug this sweet, persistent and so sad little man now! But I knew it would upset her even more. And therefore, trying to stay calm, so as not to touch even deeper her already too “disheveled” feelings, I tried, as best I could, to calm her down.
- But there is good, not only bad! .. Just look around - and what about your grandmother? .. And the Light? And how many of them! .. There are very, very many 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! And also, if you want, we will no longer go to this "floor"? Want?..
- Is the reason in the "floor"? .. - Stella asked bitterly. – Nothing will change from this, whether we go here or not... It's just earthly life. She's evil... I don't want to be here anymore...
I was very scared if Stella was thinking of leaving me and generally leaving forever ?! But it was so unlike her! .. In any case, it was not at all the Stella that I knew so well ... And I really wanted to believe that her violent love of life and bright joyful character "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 a little, I decided not to draw any "far-reaching" conclusions now, and wait until tomorrow before taking any more serious steps.
– And look, – to my greatest relief, Stella suddenly said very interested, – don’t you think that this is not an Earthly entity? The one that attacked... She is too different from the usual "bad earth" that we saw on this "floor". Maybe that's why she used those two, earthly monsters, because she herself could not get to the earthly "floor"?
As it seemed to me earlier, the “main” monster really did not look 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 the good ones came, like Veya, why couldn’t the bad ones also come?
"You're probably right," I said thoughtfully. - It did not fight according to the earthly. He had some other, non-earthly power.
- Girls, dear, when are we going somewhere? – suddenly I heard a thin childish voice.
Embarrassed by the fact 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, dead tired, were here with us, waiting for someone's help, utterly frightened kids...
- Oh, sorry, my good ones, well, of course, let's go! - I exclaimed as joyfully as possible and, already turning to Stella, asked: - What are we going to do? Let's go higher, shall we?
Having made protection for the kids, we waited with curiosity to see what our “newly made” friend would do. And he, carefully watching us, very easily made himself exactly the same defense and now calmly waited for what would happen next. Stella and I smiled contentedly 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.
