Oracle was founded in 1977 by Bob Miner, Ed Oates, and Larry Ellison to build a database that could compete with IBM's database. It is now a multinational technology corporation headquartered in Redwood City, California. Larry Ellison currently serves as the Chairman and CEO, generating $77 million in annual salary, making him the 5th wealthiest person in the world. With over 14 million employees, Oracle offers a wide range of technology products and services, including databases, applications, middleware, and operating systems, and generated $34.6 billion in revenue last year.