Ray Lane, former No. 2 executive at Oracle Corp. (orcl
), hardly has a bad thing to say about his former employer -- except that it is a company full of yes men who tend to be less than candid about their products.
Lane abruptly left the business-software giant in June after an eight-year stint. One reason was that his responsibilities as president and chief operating officer had been reduced by Lawrence Ellison, Oracle's chief executive. Lane, 53, said following his departure that he wanted to devote more time to his two young children by his second marriage.
Wednesday, Lane announced that he will become a general partner at Kleiner Perkins Caufield & Byers, the prominent Silicon Valley venture-capital firm. Full story. -- Lee Gomes, Wall Street Journal