![]() ![]() Larry Ellison Salary: For nearly a decade, Oracle founder Larry Ellison topped the list of the highest-paid executives in public companies.The Academy of Achievement the Museum of Living History in Washington inducted Ellison in the year 1997.Oracle’s market valuation fell by four-fifths of its value owing to the company’s “up-front” marketing strategy. ![]() Despite being the industry leader in software today, Oracle Corporation went bankrupt in the 1990s, soon after going public in 1986, following a triumphant success of seven years after initiation.In 1982, the company officially became Oracle Systems Corporation. The first original version of the Oracle software was called Oracle V2. In 1977, Larry co-founded Software Development Laboratories along with his two colleagues Ed Oates and Bob Miner.Codd, who was conducting research on relational database systems titled “A Relational Model of Data for Large Shared Data Banks.” This led to the formation of the company which later became Oracle. While working for Ampex Corporation in the early 1970s, Larry Ellison was inspired by an IBM scientist named Edgar F.I just picked up a book and started programming.” During an interview, Ellison said “I got a job working as a programmer I was largely self-taught. ![]() However, he had never taken any computer science class in his life. He then attended the University of Chicago for just one term, where he studied physics and mathematics, and got his first taste of computer design. However, he dropped out of the university without taking final exams as his adoptive mother passed away. Ellison enrolled at the University of Illinois at Urbana–Champaign as a premed student.Surprisingly, he did not reconnect with his biological mother until he was 48. ![]() Ellison’s mother gave him to her aunt and uncle for adoption at the age of nine months after he contracted pneumonia. His biological father was a United States Army Air Corps (USAAC) pilot.
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