Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Outed by billboards, Oracle prez admits affair

jgallardo_billboard.top.jpgBy Hibah Yousuf, staff reporter


NEW YORK (CNNMoney.com) -- Oracle Corp. President Charles Phillips admitted Friday to an affair first exposed on pricey billboards plastered throughout New York's Times Square, San Francisco and Atlanta.

The supersize ads feature him and his mistress, beaming and canoodling. A Web address listed on the billboards, charlesphillipsandyavaughniewilkins.com, directed viewers to a site, which is no longer running, filled with photos and notes documenting a romance dating back to 2001.

"I had an 8½-year serious relationship with YaVaughnie Wilkins," Phillips said in a statement released Friday by Oracle's public relations team. "My divorce proceedings began in 2008. The relationship with Ms. Wilkins has since ended, and we both wish each other well."

Phillips, 50, is reportedly still married to his wife Karen, and the two have a son together.

Wilkins declined to speak directly to the media, instead fielding requests through her cousin Misha Davila, who told CNN that Wilkins thought Phillips' divorce was finalized in 2003.

Last summer, Davila said Wilkins received an anonymous e-mail tip about Phillips' marital status. She hired and private investigator, and after learning Phillips was still married, ended the relationship last October.

Davila said Wilkins created the Web site, which apparently launched in October, as a gift from Wilkins for Phillips' 50th birthday. She said the billboards were an attempt by Wilkins to reclaim her version of her relationship with Phillips-- not an act of revenge.

Phillips, who has served on President Obama's economic recovery advisory board since last February, joined Oracle (ORCL, Fortune 500) in 2003. Prior to joining the business software giant, he worked as a tech industry analyst at Morgan Stanley and served as a captain in the U.S. Marine Corps.

Often talked of as a potential successor to Oracle founder and CEO Larry Ellison, Phillips is one of the software company's most senior -- and highly paid -- excecutives. On top of an $800,000 salary for 2009, he took home stock options and other compensation valued by Oracle at more than $18 million.

--CNN's Mythili Rao contributed to this article. To top of page

Search for Jobs

Index Last Change % Change
Dow 17,773.64 -57.12 -0.32%
Nasdaq 4,775.36 -29.93 -0.62%
S&P 500 2,065.30 -10.51 -0.51%
Treasuries 1.82 -0.02 -1.03%
Data as of 3:32pm ET
Company Price Change % Change
Bank of America Corp... 14.56 -0.23 -1.56%
Freeport-McMoRan Inc... 14.00 1.34 10.58%
Ford Motor Co 13.56 -0.53 -3.76%
Apple Inc 93.74 -1.09 -1.15%
Microsoft Corp 49.87 -0.03 -0.06%
Data as of Apr 29
Sponsors

Sections

The Oracle of Omaha joked that the impact on Corporate America would not be the biggest problem of a Donald Trump presidency. More

The Dow is down 300 points over the past two days, leaving the index on track for its worst week since early February. Blame fumbled earnings reports from the likes of Apple and Google as well as concerns about the Bank of Japan. More

Now you can watch the SpaceX Falcon 9 rocket land on a barge as if you were standing on the deck of the ship. More

Visa says new software will allow consumers to check out with chip cards as fast as swiping a card with magnetic strip. More