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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (56765)	12/1/2001 9:33:36 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Another Top Oracle Chief Resigns By THE ASSOCIATED PRESS nytimes.com Filed at 8:42 p.m. ET SAN FRANCISCO -- Software giant Oracle Corp. (news/quote) disclosed that another of its top executives defected from the company Friday, continuing a management drain that has raised investor concerns. Jay Nussbaum is stepping down as an executive vice president of service industries after 10 years at Oracle to accept a job at one of the company's business partners, CEO Larry Ellison said in a memo to employees Friday. Without specifically identifying the company, Ellison said Nussbaum is ``joining one of (Oracle's) largest and most important partners in a very senior role.'' Nussbaum, 58, becomes the third top Oracle executive to leave the company during the past 17 months. The defections have worried investors who believe Oracle is better off with a group of seasoned executives to counterbalance the mercurial Ellison. Last year, Ray Lane left as Oracle's chief operating officer after a falling out with Ellison. Gary Bloom, the executive who oversaw much of Oracle's push to become the world's leading maker of Internet software, departed a few months later to become CEO of a smaller Silicon Valley company, Veritas Software (news/quote). Like