Oracle is embarking on a unique succession experiment: A company worth $870 billion run by 4 leaders.

The article examines the complex leadership structure at Oracle following the appointment of two new CEOs, Clay Magouyrk and Mike Sicilia, who succeed Safra Catz, the former CEO. Catz has taken on the unusual title of executive vice chair of the board, while founder Larry Ellison remains as chairman and chief technology officer, leading to ambiguity about who is truly in charge. The article highlights the potential implications of this unique arrangement, noting that it may challenge traditional corporate governance norms and raise questions about the actual power dynamics within the company. Overall, the situation at Oracle presents a case study in corporate leadership that may attract interest from business analysts and governance experts. [Extracted from the article]