Safra Catz Explained

Safra Catz
Birth Name:Safra Ada Catz
Birth Place:Holon, Israel
Citizenship:United States
Education:University of Pennsylvania (BA, JD)
Occupation:CEO of Oracle
Children:2

Safra Ada Catz (Hebrew: צפרא עדה כץ; born December 1961) is an Israeli-American billionaire banker and technology executive. She is the CEO of Oracle Corporation. She has been an executive at Oracle since April 1999, and a board member since 2001. In April 2011, she was named co-president and chief financial officer (CFO), reporting to founder Larry Ellison. In September 2014, Oracle announced that Ellison would step down as CEO and that Mark Hurd and Catz had been named as joint CEOs.[1] In September 2019, Catz became the sole CEO after Hurd resigned due to health issues.[2]

Early life

Catz was born in December 1961 in Holon, Israel,[3] [4] to Jewish parents.[5] [6] Her father was an immigrant from Romania.[7] She moved from Israel to Brookline, Massachusetts at the age of six.

Catz graduated from Brookline High School.[8] She earned a bachelor's degree from the Wharton School of the University of Pennsylvania in 1983 and a J.D. from the University of Pennsylvania Law School in 1986.[9]

Career

Catz was a banker at Donaldson, Lufkin & Jenrette, serving as a managing director from February 1997 to March 1999 and a senior vice president from January 1994 to February 1997 and previously held various investment banking positions since 1986. In 1999, Catz joined Oracle as senior vice president. She has been a non-executive director of Oracle subsidiary Hyperion Solutions since April 2007.[10] She has been a member of the executive council of TechNet since March 2013. She was a director of PeopleSoft Inc since December 2004 and Stellent Inc. since December 2006.[11] [12]

Catz joined Oracle Corporation in April 1999.[13] Catz became a member of the company's board of directors in October 2001 and president in early 2004.[14] She is credited for having driven Oracle's 2005 efforts to acquire software rival PeopleSoft in a $10.3 billion takeover.[15] Catz is also the company's CFO, serving temporarily in that role from November 2005 to September 2008, and from April 2011 to the present. Mark Hurd joined her as co-president in 2010. In December 2019, Oracle stated that Catz would be the sole CEO after Hurd's death.[16]

In 2009 she was ranked by Fortune as the 12th most powerful woman in business.[17] In 2009 she was ranked by Forbes as the 16th most powerful businesswoman.[18] She was ranked 24th[19] in 2014 and 17th in 2023.[20] According to an Equilar analysis published by Fortune, she was in 2011 the highest-paid woman among Fortune 1000 companies, receiving an estimated US$51,695,742 in total remuneration.[21]

Catz is a lecturer in accounting at the Stanford Graduate School of Business.[22] Catz was a director of HSBC from 2008 to 2015.[23]

After the election of Donald Trump, Catz was one of several high-profile CEOs, including Tim Cook, Sheryl Sandberg and Jeff Bezos, invited to talk with the then president-elect about potentially taking up a position in the incoming administration.[24] According to Bloomberg, she was considered for the post of U.S. Trade Representative or Director of National Intelligence.

Catz is the highest paid female CEO of any U.S. company as of April 2017, earning $40.9 million after a 23% drop in her total compensation relative to 2016.[25]

Catz was elected to the board of directors of The Walt Disney Company in December 2017, effective February 2018.[26]

In March 2021 Catz garnered attention for her stock trading, for acquiring 2.25 million shares through the conversion of derivatives, before selling them on the open market at roughly double the price.[27] [28]

In March 2022 she was appointed to the Homeland Security Advisory Council by Secretary of Homeland Security Alejandro Mayorkas[29]

She was ranked 11th on Fortune's list of Most Powerful Women in 2023.[30]

Political involvement

During the 2016 Republican presidential primaries, Catz donated to the campaign of Marco Rubio. Following Donald Trump's victory in the 2016 election, Catz was named as a member of his transition team.[31] [32] [33] During this period, media outlets frequently mentioned her as a potential appointee to a position in the Trump administration.[34] [35] Bloomberg News reported that these included the positions of Director of National Intelligence and United States Trade Representative.[36]

In 2018, she was reportedly on the shortlist to replace H. R. McMaster as National Security Advisor.[37] During the 2018 election cycle, Catz donated over $150,000 to Republican-aligned groups and individuals,[38] including Congressman Devin Nunes.[39] Together with her spouse, Catz contributed $250,000 to Donald Trump's 2020 presidential campaign.[40]

Personal life

Catz has been married to Gal Tirosh, a former soccer coach, since 1997. They have two sons.[41] She resides in Fort Lauderdale, Florida.[42]

External links

Notes and References

  1. Web site: Oracle Board Appoints Larry Ellison Executive Chairman and CTO. Safra Catz and Mark Hurd Appointed CEO.. Oracle Corporation. September 18, 2014. September 19, 2014. https://web.archive.org/web/20140919015844/http://investor.oracle.com/financial-news/financial-news-details/2014/Oracle-Board-Appoints-Larry-Ellison-Executive-Chairman-and-CTO/default.aspx. dead.
  2. Web site: Sayer . Peter . October 18, 2019 . Oracle Co-CEO Mark Hurd dies . March 8, 2022 . CIO . en-US.
  3. News: Ellison's heir apparent pushes growth strategy . August 17, 2016 . East Bay Times.
  4. Web site: Heir apparent at Oracle is credited with growth strategy. Rochelle Garner. . December 19, 2006 . https://web.archive.org/web/20061219200156/http://www.iht.com/articles/2006/12/18/bloomberg/bxoracle.php . December 19, 2006 . dead.
  5. News: Ruth Eglash. Jewish women who rule! (according to Forbes). September 10, 2013. Jpost. August 23, 2012.
  6. http://jewishvoiceny.com/index.php?option=com_content&id=1897:the-worlds-most-powerful-jewish-women&Itemid=325 Jewish Voice New York: "The World's Most Powerful Jewish Women" By Jen Levey
  7. Web site: Oracle CFO Safra Catz announces expansion outside Bucharest, reveals Romanian origins . Andrei . Chirileasa . Romania-Insider.com. May 20, 2014 . March 10, 2015 .
  8. Web site: Oracle's enforcer - Safra Catz - Sep. 10, 2009 . 2023-10-28 . money.cnn.com.
  9. News: Could Israeli-born businesswoman replace McMaster? . www.israelnationalnews.com.
  10. Web site: ORCL Safra Ada Catz Insider Trades for Oracle Corp.. May 22, 2023 . marketwatch.com.
  11. Workday's $10B plan to outsell Oracle. Accounting Today. https://www.accountingtoday.com/articles/workdays-10b-plan-to-outsell-oracle-in-hr-software
  12. Quiénes son las madres tecnológicas más poderosas del mundo, by Desiree Jaimovich. Infobae. https://www.infobae.com/tecno/2016/10/16/quienes-son-las-madres-tecnologicas-mas-poderosas-del-mundo/
  13. http://allthingsd.com/20110425/oracle-co-president-safra-catz-adds-cfo-duties-as-jeff-epstein-leaves/ Oracle Co-President Safra Catz Adds CFO Duties as Jeff Epstein Leaves
  14. http://www.oracle.com/us/corporate/press/Executives/016342.htm Safra A. Catz | Executive Biography
  15. https://www.forbes.com/lists/2005/11/O9O7.html Safra Catz
  16. Web site: Grant. Nico. December 12, 2019. Safra Catz to Remain Sole Oracle CEO After Mark Hurd's Death. March 8, 2021. Fortune. en.
  17. Lashinsky . Adam. The Enforcer . Fortune. 160 . 6 . 117–124 . September 28, 2009.
  18. News: The 100 Most Powerful Women . Forbes.com . August 19, 2009.
  19. Web site: The World's 100 Most Powerful Women. Forbes. June 24, 2014.
  20. Web site: The World’s Most Powerful Women 2023 . Forbes . en.
  21. Web site: 25 highest-paid women – Safra A. Catz . September 27, 2012 . . . September 30, 2012.
  22. Web site: Stanford GSB: Safra A. Catz. March 2, 2016.
  23. News: HSBC board shake-up brings former Diageo boss Paul Walsh aboard. Szu Ping Chan and Tim Wallace. November 13, 2015. Daily Telegraph.
  24. News: Trump Team Talked to Oracle's Safra Catz About an Administration Post. April 12, 2017. Bloomberg.com. July 20, 2017.
  25. News: Oracle's Safra Catz is Highest Paid Female CEO. Keitz. Anders. April 23, 2017. TheStreet. July 20, 2017. en-US.
  26. News: James. Meg. Disney adds two board members from tech world. December 16, 2017. Los Angeles Times. December 7, 2017.
  27. Web site: March 29, 2021. Here's how much Oracle CEO Safra Catz earned from shares this month.
  28. Web site: March 22, 2021. US SEC – Statement of Changes in Beneficial Ownership.
  29. Web site: Homeland Security Advisory Council Members . July 26, 2019 . DHS . March 2022 . en.
  30. Web site: Most Powerful Women . . en.
  31. News: 2016-12-15 . Oracle CEO Catz to join Trump transition team, remain at Oracle . en . Reuters . 2023-10-28.
  32. News: Solon . Olivia . Oracle executive publicly resigns after CEO joins Trump's transition team . March 22, 2019 . The Guardian . December 21, 2016.
  33. News: Oracle CEO Safra Catz is joining Trump's transition team, but she'll remain at Oracle . Business Insider.
  34. News: Jaffe . Alexandra . Rafferty . Andrew . Romney May Be in, Gingrich Out of Trump Cabinet . NBC News . November 17, 2016.
  35. News: Darrow . Barb . Trump Is Considering This High-Tech Exec for Cabinet Post . March 22, 2019 . Fortune . November 17, 2016.
  36. News: Womack . Brian . 2017-04-12 . Trump Team Talked to Oracle’s Safra Catz About an Administration Post . en . Bloomberg.com . 2024-01-01.
  37. Web site: Weinberger . Matt . Oracle CEO is reportedly on the short list to replace H.R. McMaster as Trump's national security adviser . 2024-01-01 . Business Insider . en-US.
  38. News: Reklaitis . Victor . Marriner . Katie . How America's top CEOs are spending their own money on the midterm elections . March 22, 2019 . October 22, 2018.
  39. News: Markay . Lachlan . Stein . Sam . The Silicon Valley Giant Bankrolling Devin Nunes . March 22, 2019 . Daily Beast . February 12, 2018.
  40. Web site: Here Are The Billionaires Who Donated To Donald Trump’s 2020 Presidential Campaign . Forbes . 28 March 2024.
  41. News: Safra Catz: Leading Oracle to new heights in cloud-based computing . September 25, 2022 . . Cohen . Haley.
  42. News: Seven Florida Residents Make Forbes List of Richest Self-Made Women . May 29, 2024 . . Feinstein . Naomi.

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