Tom Perkins may be able to buy a six-pack of Rolexes with the millions he made as a pioneering venture capitalist, but if he were an executive in the technology industry today, he could easily afford a boatload of luxury watches.
Microsoft Corp. named Satya Nadella chief executive officer, tapping an insider steeped in business technology to speed up a turnaround at a software maker that helped usher in the personal-computing age, only to be left behind as the world embraced the Web and mobile devices.
When asked last month what kinds of gadget gifts he would be getting for Christmas, Microsoft Corp.’s Satya Nadella, said to be the board’s pick for chief executive officer, had an easy answer: Microsoft devices.
Oracle Corp. Chief Executive Officer Larry Ellison, whose sailing team is trailing Emirates Team New Zealand in the America’s Cup yacht race, is also facing headwinds in cloud-computing and business applications.
Oracle Corp., the largest maker of database software, rose to a 13-year high after forecasting quarterly sales and profit that may top some analysts’ estimates as it seeks to sell Web-delivered software to fuel growth.