graphic
graphic  

SUBSCRIPTIONS

 graphic
News > Technology
graphic
Ellison quits Apple's board
Oracle chairman and CEO resigns as Apple director, saying he cannot attend enough meetings.
September 20, 2002: 9:38 AM EDT

NEW YORK (CNN/Money) - Apple Computer Inc. said Friday that Larry Ellison, the chairman and CEO of Oracle Corp., resigned from its board because he could not attend enough of its meetings.

"I will continue to offer my advice to [Apple CEO] Steve [Jobs] and the executive management team at Apple, but my schedule does not currently allow me to attend enough of the formal board meetings to warrant a role as director," Ellison said in a prepared statement.

Ellison, also one of the world's wealthiest individuals, served on Apple's board for five years.

Shares of Oracle (ORCL: Research, Estimates) fell 21 cents Thursday to close at $8.11 and Apple (AAPL: Research, Estimates) shares fell 44 cents Thursday to close at $14.58.  Top of page


--*Disclaimer

SPECIAL:



  More on TECHNOLOGY
•Honda teams up with GM on self-driving cars
•The internet industry is suing California over its net neutrality law
•Bumble to expand to India with the help of actress Priyanka Chopra
  TODAY'S TOP STORIES
•7 things to know before the bell
•SoftBank and Toyota want driverless cars to change the world
•Aston Martin falls 5% in its London IPO




graphic graphic
Contact Us Closed Captioning Manage Cookies+ Site Map

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Contact Us Closed Captioning Manage Cookies+ Site Map

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.