Oracle tanks after CEO Mark Hurd takes indefinite medical leave (ORCL)

Oracle shares dropped as much as 6% on Thursday after the company said CEO Mark Hurd would take a leave of absence for health reasons. The announcement didn’t specify what health issues Hurd has or how long his leave will be. Company founder Larry Ellison and co-CEO Safra Catz will assume his responsibilities. Hurd led the company through a rocky push into cloud computing over the past several years as the company sought to

Continue reading...