NEW YORK (TheStreet) - Twitter (TWTR) chatter was abuzz on Thursday, abuzz after three CEOs of major public companies -- Oracle (ORCL) , Clorox (CLX) , JetBlue (JBLU) and the possible CEO successor at AIG (AIG) -- all announced departures.
The first came from Oracle chief executive Larry Ellison, who conceded his position to Mark Hurd and Safra Catz. Ellison will become Oracle's Executive Chairman and Chief Technology Officer.
Ellison said in the release that: "Keeping this management team in place has always been a top priority of mine." The trio have been "working well together for the last several years, and we plan to continue working together for the foreseeable future," he said.
The news comes as the software giant reported first quarter earnings of 62 cents a share on revenue of $8.6 billion, missing on both top and bottom line.
Here's what Twitter had to say:
Larry Ellison steps down as Oracle CEO to spend more time with his family, er, his boats, girlfriends and islands. pic.twitter.com/a1sJDZjkfY— Seth Fiegerman (@sfiegerman) September 18, 2014
RSS Larry Ellison Says He Is Done as Chief at Oracle Silicon Valley just got a little less colorful. Lawrence J. http://t.co/UQFGv4iD71— Deepakdev (@bdeepakdev) September 19, 2014
Larry E stepping down as Oracle CEO marks the end of an era .. This is a great comeback for Mark Hurd! Best wishes t...http://t.co/E8xY4DHZqP— Mani (@cmani) September 19, 2014
Next came Clorox CEO Donald Knauss. Knauss, 63, who has served as chairman and CEO of the bleach and cleaning products maker since 2006, will hand the reins to COO Benno Dorer, effective Nov. 20. Knauss will continue serving as chairman and a board member.
Twitter had this to say about the executive change at Clorox:
This afternoon's completely overshadowed California CEO news -- Knauss out at Clorox. $CLX— Jessica Wohl (@jessicawohl) September 18, 2014
Up third, the retirement of Jay Wintrob, the CEO of AIG's Life & Retirement division. Wintrob is leaving the company after more than 25 years there. He is 57, according to Bloomberg Businessweek. AIG also announced that Michael Cowen, its chief administrative officer, will also retire from the company after nearly five years of service.
Twitter had this to say about the AIG news:
Jay Wintrob resigns as CEO of AIG Life and Retirement: He had been in contention to succeed Benmosche as head of AIG. http://t.co/h3vq5q38nq
- PensionOnline (@pensiononline) September 19, 2014
Finally came the resignation of Jet Blue CEO Dave Barger, who said he would step down when his contract expires in February, following mounting pressure from Wall Street.
Barger will be replaced by JetBlue President Robin Hayes, who had been widely expected to succeed him. The New York-based airline has not kept pace with the industry when comparing the historic industry profits being seen by rivals. JetBlue is one of the few airlines that doesn't charge basic baggage fees. It also was not successful in offering customers extra legroom at a premium price, considering the airline already provides more legroom in coach than competitors.
JetBlue's social media buzz was especially high on Thursday afternoon after a flight from Long Beach, Calif., enroute to Austin, Texas was forced to turned back and make an emergency landing after it experienced engine problems. Here's what Twitter had to say about the JetBlue's CEO news:
Gonna miss Dave. His commitment to customers, crewmembers, and the JetBlue brand cannot be replaced.— Nick Marconi (@nickmarc19) September 18, 2014
--Written by Laurie Kulikowski in New York.