With Co-CEOs, Companies Flirt with Disaster

The founder of software giant Oracle is known for a lifestyle that seems to abide by the more-is-more mantra. With an estimated personal wealth of $46 billion, Ellison has built a sprawling Japanese-style home in Silicon Valley, purchased enviable property in Malibu, sponsored last year’s America’s Cup champion, and two years ago bought an entire Hawaiian island.

His succession announcement on Thursday appears to be yet another case of excess.

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