Professor Joseph Grundfest comments on Oracle's appointment of a new CEO for The Sydney Morning Herald. 

As Larry Ellison steps down as chief executive officer of Oracle, he closes a chapter in a career filled with aggressive competition, flamboyant spending and spectacular profits.

Ellison will remain as the software company's chairman and chief of technology. The following are comments from Ellison's competitors, collaborators and chroniclers.

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Joseph Grundfest, a corporate governance professor at Stanford Law School:

“In most cases, having co-CEOs doesn't work out very well, but this could be the exception. You have two executives who have been working well together for a few years — and Larry is still in the picture.”

“I just hope his health is alright. That's the first question one has in these situations.”