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