Karen Southwick’s unauthorized account provides the full story of Larry Ellison’s brilliant, controversial career. Ellison’s drive and fierce ambition created Oracle out of the dust and built it into one of America’s great technology companies, but his unpredictable management style keeps it constantly on the edge of both success and disaster. The hostile bid for PeopleSoft is just the most recent example. With one clever strategic move, Larry Ellison threw much of the business software field into play.
The saying “It’s not enough that I succeed, everyone else must fail” has been so often used by or associated with Ellison that most people think it originated with him. It’s actually attributed to Genghis Khan, but it’s a dead-on way to describe not only the way Ellison thinks about competitors but the way he runs Oracle. His weapons are not marauding hordes, but Oracle’s possession of database technology that is crucial for keeping mission-critical information flows working at thousands of organizations, corporations, nonprofits, and government agencies.
Inside Oracle, Ellison has time and again systematically purged key operating, sales, and marketing people who got too powerful for his comfort. Most notable was Ray Lane, Oracle’s president for nine years, who was widely credited with bringing order out of the chaos that was Oracle in the early nineties and growing it into a ten billion dollar company. Ellison got rid of the one key person who was building confidence with Wall Street, business partners, and customers that Oracle was no longer flying by the seat of its pants and had its act together. Ellison’s mania for absolute control and his inability to coexist with the very lieutenants who bring much-needed stability to the company have brought Oracle to the brink of collapse before, and may well do it again.
Ellison is a throwback to an earlier, much more freewheeling version of capitalism, the kind practiced by the nineteenth-century robber barons who ran their companies as private fiefdoms. Larry Ellison is one of the most intriguing and dominant leaders of a major twenty-first-century corporation, and Everyone Else Must Fail raises the question of whether Oracle’s products and the reliance placed in them by so many are too important to be subject to the whims of one man. While giving credit to Ellison’s brilliance and devotion, the book sounds a warning about an ingenious man’s tendency to be his own company’s worst enemy.
Interesting book that talks about a former tech titan, Oracle, which arrived at a time when IBM was seen as an unstoppable force. Reveals that even the companies that we assume will always be on top, will at some point struggle. Shows that even the titans of today, apple, Amazon, google, and Facebook, will miss opportunities that they themselves create, and unforeseen companies will rise to the top.
Additionally, couldn’t help, but notice the similarities between the Ellison, musk, and Spiegel. All three, like to have a lot of control over their company and its direction, which works if you a visionary, but sometimes frustrates the executives around them, who have to make their vision real. However, even though people are frustrated with the structure, it seems they enjoy the work that they feel fulfilled by it. Additionally the structure seems to attract people who enjoy a sink or swim environment and weeds out the rest. In theory you could say they create a form of natural selection where only the fittest survive, which can work in the short run, but gets old in the long run, in which the culture must then adapt for long term success.