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As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
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Trump Aides Talked to Oracle’s Safra Catz About an Administration Job

Barb Darrow
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Barb Darrow
Barb Darrow
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Barb Darrow
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Barb Darrow
Barb Darrow
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April 12, 2017, 9:43 AM ET
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Members of President Donald Trump’s team discussed a couple of administration jobs with Oracle co-chief executive Safra Catz. Those jobs included U.S. Trade Representative and Director of National Intelligence, Bloomberg reported on Wednesday.

It had been previously reported that Catz met with the President in November to discuss a possible cabinet role, but there was little clarity as to what specific jobs were discussed. She joined Trump’s transition team in December.

For the record, former Indiana Senator Dan Coats was confirmed as Director of National Intelligence in March, and Trump named Robert Lighthizer, a former Reagan administration official, as U.S. trade representative in January.

There’s no mystery as to why members of the administration would have interest in Catz. She was an investment banker prior to joining Oracle in 1999, and piloted several of Oracle’s big acquisitions over the past decade.

Not to mention it would be good optics for the administration—which has been light on diversity—to add another woman to its roster. As of last month, just 27% of top administration jobs were filled by women. Catz was also born in Israel, so her presence might send a moderating message about the president’s stance on immigration.

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Catz has managed to navigate the tricky currents of being a top lieutenant to Oracle co-founder, former chief executive, and current executive chairman Larry Ellison. She was named chief financial officer of Oracle in 2005 and promoted to co-CEO along with Mark Hurd in 2014 when Ellison stepped back from the CEO role. Very few Oracle execs have that length of service.

Tech companies have found that perceived support for the Trump administration can be controversial within their own ranks. Approximately 920 Oracle employees have signed a petition urging the company to sign an amicus brief protesting Trump’s executive order on immigration. And some 2,100 IBM employees have signed their own petition protesting IBM (IBM) chief executive Ginni Rometty’s decision to write an open letter to Trump about job creation.

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