The Traderszone Network

Published in TZ Latest News 19 September, 2014 by The TZ Newswire Staff

When music stops for Oracle CEO dance, Catz may grab Ellison’s chair : analysts

If Larry Ellison sailed off on his yacht for good tomorrow, who would really run Oracle Corp (ORCL.N)? Reuters asked a cast of Wall Streets analysts, and the verdict is dealmaker and finance guru Safra Catz. The question is on investors’ minds after Ellison, 70, promoted both Catz and sales leader Mark Hurd to the CEO position on Thursday, while taking on the role of executive chairman and chief technology officer himself. Of 12 analysts who replied to an anonymous poll, five said Catz would likely run Oracle, while only one voted for Hurd, 57.