Richest men and most powerful chief executive. Larry ellison, in a surprise move, the oracle Ceo Larry Ellison announced he will step down as the executive of the board and chief Technology Officer in charge of software and hardware engineering functions. And stepping up as cochief executive, Company Insiders and copresident , they came to oracle after being pushed out of hewlettpackard ceo. The move came out after the markets closed and shares fell on the news. John fort has more on the news. John, you have been covering all of this, what we do know about Larry Ellison is that he has been the only ceo of oracle in all of these years since he founded it. He is a micromanager and likes to be in control. And this announcement means anything but. What is going on there. He likes to be in control, he doesnt necessarily go into oracle every day but has the engineers report to him and kept his hands on all the decisions. As executive chairman he will still be in control. Ma mark heard and sa
Richest men and most powerful chief executive. Larry ellison, in a surprise move, the oracle Ceo Larry Ellison announced he will step down as the executive of the board and chief Technology Officer in charge of software and hardware engineering functions. And stepping up as cochief executive, Company Insiders and copresident , they came to oracle after being pushed out of hewlettpackard ceo. The move came out after the markets closed and shares fell on the news. John fort has more on the news. John, you have been covering all of this, what we do know about Larry Ellison is that he has been the only ceo of oracle in all of these years since he founded it. He is a micromanager and likes to be in control. And this announcement means anything but. What is going on there. He likes to be in control, he doesnt necessarily go into oracle every day but has the engineers report to him and kept his hands on all the decisions. As executive chairman he will still be in control. Ma mark heard and sa
Richest men and most powerful chief executive. Larry ellison, in a surprise move, the oracle Ceo Larry Ellison announced he will step down as the executive of the board and chief Technology Officer in charge of software and hardware engineering functions. And stepping up as cochief executive, Company Insiders and copresident , they came to oracle after being pushed out of hewlettpackard ceo. The move came out after the markets closed and shares fell on the news. John fort has more on the news. John, you have been covering all of this, what we do know about Larry Ellison is that he has been the only ceo of oracle in all of these years since he founded it. He is a micromanager and likes to be in control. And this announcement means anything but. What is going on there. He likes to be in control, he doesnt necessarily go into oracle every day but has the engineers report to him and kept his hands on all the decisions. As executive chairman he will still be in control. Ma mark heard and sa
Richest men and most powerful chief executive. Larry ellison, in a surprise move, the oracle Ceo Larry Ellison announced he will step down as the executive of the board and chief Technology Officer in charge of software and hardware engineering functions. And stepping up as cochief executive, Company Insiders and copresident , they came to oracle after being pushed out of hewlettpackard ceo. The move came out after the markets closed and shares fell on the news. John fort has more on the news. John, you have been covering all of this, what we do know about Larry Ellison is that he has been the only ceo of oracle in all of these years since he founded it. He is a micromanager and likes to be in control. And this announcement means anything but. What is going on there. He likes to be in control, he doesnt necessarily go into oracle every day but has the engineers report to him and kept his hands on all the decisions. As executive chairman he will still be in control. Ma mark heard and sa
Down to about 17 change. People were really upset. You can see, the volume improving greatly as mobil ad revenue is good news. Adam all right. Coming up later we will dig into the facebook earnings with michael factor from wedbush securities. Lori a preview. Can be crash made by their competitor is crushing them. We will set you up for that as well. In the meantime, Worldwide Energy consumption is set to surge according to a new report from the apartment of energy. Global energy use will grow 56 compared with 2010 levels because of transportation and electricity demands. Half of that growth will come from china and india. The bullish report doing very little to spur prices in trading today. Of course that is a forward looking report weigh on the future. Lets check in with fox business contributor to phil flynn in the pits of the cme. It is interesting here to know, consumption of natural gas is expected to grow faster than oil or coal. And that is the most amazing thing about this repo