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Larry Ellison - Founder of
Oracle
Lawrence
J. Ellison, now one of the richest people in America (nearly
rivalling Bill Gates), was born in the Bronx, New York in 1944.
After he contracted pneumonia at 19 months, his young mother
gave him to her great aunt and uncle to raise. He lived in a
lower middle-class Jewish ghetto on the South Side of Chicago
in a two-bedroom apartment. As a child Ellison showed an
aptitude for math and science, which, he says, he liked
because he was good at. Later he would be named science
student of the year at the University of Illinois. However, he
dropped out after two years when his adoptive mother died.
Ellison then moved on to the University of Chicago where, even
though he dropped out after one semester, he learned the
basics of computer programming. From Illinois he headed out
west to Berkeley, where he bounced around from job to job for
the next eight years, finally landing a job with Ampex. Here
he was a computer programmer and built a large database for
the CIA; its codename was Oracle.

In 1977 Ellison and Robert Miner, Ellison’s former
supervisor from Ampex, collaborated to found Software
Development Labs. Eventually Ellison read a paper written by
an IBM employee about Structured Query Language (SQL).
Although IBM had not found any potential in the idea, Ellison
did and used it to create a database program compatible with
both mainframe and desktop computer systems. Miner and Ellison
then renamed their company Oracle and found their first
customers for the program: Wright Patterson Air Force Base and
the CIA. In 1981 IBM purchased Oracle’s SQL for its
mainframe systems, and, for the next seven years, Oracle’s
sales doubled each year.
Oracle’s success can be traced to Ellison’s willingness to
take risks. Not only did he initially hire a staff that was
not qualified for their positions, he promised products with
features that did not yet exist. When Oracle went public in
1986, it raised $31.5 million with its initial public
offering, but, because of habitually overstating revenues, the
company posted its first losses in 1990 and was on the verge
of filing for bankruptcy. It was then that Ellison finally
hired qualified professionals to fill most of the positions
held by the original staff. He rewrote the database program
and it, too, was a success. In two years time, Oracle was a
profitable company again and still is to date. America’s
banks, airlines, automobile companies, and retail giants all
rely on Oracle’s database programs to run their businesses.
This has allowed Oracle to develop into a multi-billion-dollar
corporation and Ellison to inherit the titles he has today:
billionaire, playboy, world-champion sailboat racer, jet
pilot, ruthless businessman, marketing genius, and avant-garde
thinker.
Sources:
http://www.achievement.org/autodoc/page/ell0bio-1
http://americanhistory.si.edu/csr/comphist/le1.html#south
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