Oracle Corporation (NYSE:ORCL) has announced that CEO Mark Hurd will take leave for health reasons, causing ORCL stock to drop 4%.
ORCL Stock Hit By Hurd’s AbsenceOracle, a California-based computer technology firm, confirmed the news in a press release today and did not state how long Hurd’s leave of absence would last. The company’s founder and CTO, Larry Ellison, will assume CEO duties alongside Safra Catz. Investors in ORCL stock clearly feel Hurd’s absence is a hit to the company, particularly given that he has served in the role for five years and oversaw Oracle’s ...
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