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Oracle’s new Gen X and Millennial CEOs get stock options worth $350 million—but they’ll have to keep the stock soaring to collect

Oracle announced that longtime CEO Safra Catz will be replaced by two new internal hires: Clay Magouyrk, 39, and Mike Sicilia, 54. The outgoing CEO described the two as “a match made in heaven”—two ...
WPRI 12

Oracle names Magouyrk and Sicilia as CEOs; Catz to become executive vice chair of the board

Oracle has named Clay Magouyrk and Mike Sicilia as CEOs, with current CEO Safra Catz becoming executive vice chair of the technology company’s board. The announcement comes as Oracle founder Larry ...

Who bought TikTok? What to know about a Florida billionaire, Oracle

Here's which companies and investors own TikTok, who owns Oracle, and what to know about the app's new terms and conditions.
Morningstar

Oracle: Co-CEO Appointment Should Deepen Synergy Between Cloud Infrastructure and Applications

Oracle ORCL announced on Sept. 22 that Safra Catz will move to a board role after 11 years as CEO. Clay Magouyrk, president of Oracle Cloud Infrastructure, and Mike Sicilia, president of Oracle ...
CRN

Oracle Executive Change-Up: 5 Things To Know

New Oracle co-CEOs take over amid high expectations for revenue delivery in the AI era. Oracle’s new co-CEO era comes as the vendor sets out to exceed $500 billion in pipeline and then convert that ...
AOL

Oracle’s co-CEO structure will challenge the trope that having two chief executives rarely works

In today’s CEO Daily: Diane Brady on the problems faced by Oracle’s new co-CEOs. The big story: $100 billion Nvidia-OpenAI deal features “circularity.” The markets: Up! Plus: All the news and ...
Benzinga.com

OpenAI Can Afford $60 Billion Cloud Bill: Magouyrk

Magouyrk, who was appointed as Oracle’s co-CEO last month, told CNBC in an interview on Monday that “of course” OpenAI can afford the $60 billion annual cloud services bill. "Just look at the rate at ...