Larry Ellison Stepping Down as Chief of Oracle - NYTimes.com

End of an era

"His departure, announced on Thursday, is one of the last exits of the tech industry’s first generation of celebrity executives, who took computers from the back offices of a few big institutions and into the mainstream of everyday life.

Mr. Ellison, who turned 70 last month, said he was leaving as a normal part of succession planning.

Mr. Ellison will become executive chairman, and will continue to work on Oracle’s technology, the company said in a statement announcing the move."

Larry Ellison Stepping Down as Chief of Oracle - NYTimes.com