Ellison and the two new co-CEOs each stressed that nothing would change under the new management structure, with Ellison staying on as executive chairman and chief technology officer.
'Most of them (H-1Bs) are from one country, India, there's a cottage industry about how all those people make money off this system.'
With a pay packet of $84.5 million, software major Oracle's Larry Ellison has emerged as the highest paid CEO in the US last year
Current executives Mark Hurd and Safra Catz will provide at least temporary stability by sharing the CEO role.
Passionate about buying land, Ellison, co-founder and chief executive officer of Oracle Corporation, has acquired some of most beautiful houses and land since the 1990's.
Larry Ellison, the top-paid US CEO got a salary of Rs 8,587 crore ($1.84 billion) during the last decade. Check out the other top earners. . .
Trump also said that he has also used the H-1B visa programme.
Meet the inspiring people who struggled against all odds to make it big.
The list was topped by Oracle's Larry Ellison last year.
Only the flamboyant Larry Ellison, chairman of Oracle Corporation, would have thought of a space odyssey as a prize for software developers.
'I have had occasion to work with Bill Gates as a young engineer, and am one of the few people in India who has interacted with Steve Jobs and Larry Ellison.' 'I have worked with Andy Grove at Intel, so I know what bright and great people are like, but Modiji is a different level of perfection.'
A group of Los Angeles investors also bid $1.2 billion for the team.
Seeking a wealthy mate? Consider looking online first before shelling out thousands on traditional matchmakers.
Indian-American Silicon Valley venture capitalist Vinod Khosla and his wife Neeru are among the latest billionaires to have pledged half of their vast fortunes to charity either during their lifetime or after death.
Software major Oracle has said Sun Microsystems is losing $100 million a month, while the European regulators are continuing their investigation into the software major's proposed $7.4 billion acquisition of the hardware firm, a media report says.
Mukesh Ambani, who heads Reliance Industries, has been ranked among top five best performing CEOs in the world by the prestigious Harvard Business Review.
They have lost more than $13 billion from their combined wealth, but still the two Ambani brothers have moved higher on Forbes' latest list of the world's ten richest CEOs, while Sunil Mittal has joined the league and Lakshmi Mittal has slipped two places.
In an interview to The Wall Street Journal, Oracle chief executive Larry Ellison said that he is setting a new course for Oracle that includes hiring 2,000 sales and engineering employees and developing a line of high-end computer systems.
Non-Resident Indian industrialist and chairman of Mittal Steel, Lakshmi N Mittal plans to buy Rising Sun, the biggest private yacht in the world.
What does it take to live the life of luxury like one of the world's billionaires? We find out.
A record-breaking year for the world's billionaires.
He will become executive chairman and continue to be chairman
Microsoft co-founder Bill Gates tops list of the world's top 25 richest self-made billionaires.
The world's richest people have become poorer.
Raymond Moore has stepped down as CEO and tournament director of the BNP Paribas Open following controversial comments he made about women's tennis, the tournament announced on Monday.
Another report by Oxfam had found that eight billionaires, including Bill Gates, from around the globe have as much money as the 3.6 billion people who make up the poorest half of the world's population.
Tim Cook is joining the roster of the very rich donors.
Microsoft founder Bill Gates with an estimated fortune of $78 billion heads the list
Five Indian-Americans have been named among the 400 richest people in the US by Forbes, a list topped by Microsoft co-founder Bill Gates for the 21st year in a row with a net worth of $81 billion.
Bill Gates with an estimated wealth of $86 billion topped the list for the fourth year running.
In addition to Pichai and Nadella, IBM's Arvind Krishna, Micron's Sanjay Mehrotra, Ajay Banga from Mastercard and Ann Mukherjee from Pernod are among the six Indian-Americans among over 200 corporate honchos who will advise the President and offer recommendations on how to revive the American economy.
Shailendra Kumar, MD, Oracle India, details the India plan.
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