Lawrence Ellison Essay Example | Topics and Well Written Essays - 750 words

Lawrence Ellison - Essay ExampleHe was born in New York City, on August 17, 1944, to an unwed Jewish mother. He was thus take by his mothers uncle and aunt, who raised him in Chicago. His adopted mother was kind to him, but he has quite a few contradictions with his adopted father. The financial condition of the family was alright, until the Great Depression robbed his adopted father of his job, after which he took up a small job as an auditor. Lawrence Ellison went to Eugene Field Elementary School in Chicago, and then went to Sullivan High School. Even as a child, he showed great aptitude for Science and Math. He attend the University of Illinois and left it at the end of the second socio-economic class, since his mother had expired then. Later, he went to the University of Chicago, where he learnt computer designing, for in effect(p) one term.Later, he took up a number of jobs that helped him earn a living. In the 1970s, Ellison took up a job with Ampex Corporation. Here, he worked on a project that basically dealt with creating a database for CIA. It was called vaticinator. Eventually, he started a menace on his own, with his colleagues, Robert Miner and Ed Oates, after being inspires by a paper called, A Relational puzzle of Data for Large Shared Data Banks by Edgar F. (Ted) Codd, describing a concept Codd had developed at IBM. It was ab initio called Software Development Laboratories.Soon enough, they won a contract to build a relational database management strategy for the CIA, and thus began his career as a software entrepreneur. By completing the project ahead of plan and using the time to develop the corporation, Ellison and his partners started their stride into the million dollar mark. Ever since, the companys profits doubled year after year. It soon turned into a billion dollar company, from a million dollar company. This was when the company got its current name, Oracle. Oracle to a fault experienced its share of difficulties, in the a ftermath of going public in 1986. Employees of Oracle overstated the value of their company. This led to losses the next financial year around. The company was also on the brink of bankruptcy. This was when Ellison decided to step in and disburse managerial powers to professionals and solely concentrated on product design. After this overhaul, the company registered more profits than before.Even in the light of the financial meltdown, Oracle has been able to sustain itself. Lawrence Ellison, for his part, has been one among the worlds richest men. In fact, at one point in time, he overtook Microsofts consign Gates, to become the Worlds Richest Man. He leads a very lavish life, with a special regard and passion for boating and water-sports. ASSETS, PHILANTHROPY AND CONTRIBUTIONLawrence Ellison, in his position as the co-founder and CEO of Oracle, has been currently named as the fourth