Last Minute Swap for Charles Phillips Oracle
In 2010, a last-minute swap seemed to have occurred between Charles Phillips Oracle and Hewlett Packard’s Mark Hurd. In fact, the swap is more like a triangle of exchanges since Infor has also entered the picture by taking in the ex Oracle president as its CEO after Jim Schaper stepped down from the post but will continue working for the midlist enterprise developer as its Chairman.
People are unable to stop speculating about the decision behind the last-minute swap. After all, in the early working days of Charles Phillips Oracle had been quite vocal about their enthusiasm for managing to hire the executive, who was then with Wall Street firm Morgan Stanley. In 2003, even before his job as President of the world’s leading software company, Phillips was already making a name for himself. He was always #1 in magazine Institutional Investor’s list of enterprise software analysts.
Another magazine, Information Week, even featured the ex-Marine on its front covers and was later made a member of its advisory board. In a way, it was pretty inevitable that he would catch the eyes of Oracle CEO Larry Ellison. With his background in both finance and IT, Phillips had the uncanny ability to effectively analyze the quarter results of software applications and the companies that made them. Even the President himself took notice of his skills, which was why he named the former Oracle president as one of the members of his recently created Economic Recovery Advisory Board. With so many skills and talent Phillips can contribute to a company, was it right for Oracle to let him go?