Oracle Stock Drops 2.5% On News That Larry Ellison Has Relinquished His CEO Title

 Today after the bell, Oracle announced that its long-time premier Larry Ellison is no longer its CEO. Former HP CEO Mark Hurd will take over the chief job in unison with Safra Catz. Catz will manage finance and manufacturing, while Hurd will handle sales. Ellison will take up the titles of Executive Chairman of the Board, and CTO. Hurd left HP under negative circumstances, including… Read More