Raymond J. Lane
Raymond J. Lane was born in McKeesport, Pennsylvania, United States on December 26th, 1946 and is the American Businessman. At the age of 77, Raymond J. Lane biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.
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Shortly after graduating, Lane was recruited to IBM's data processing division for a sales position. In 1969, Lane was drafted to the U.S. Army, assigned to the 1st Infantry Division at Fort Riley, Kansas. Because of his computer knowledge, he was made a systems analyst responsible for logistical computer systems. He completed two years of military service and resumed his career in 1971 at IBM, achieving top sales awards for three years and being promoted to a product manager responsible for large mainframe and storage systems in one of IBM's largest regions.
After eight years with IBM, Lane was recruited by Electronic Data Systems (EDS), led at the time by Ross Perot. He was handed responsibility for a new division that provided services to large manufacturers, distributors, and retail and transportation companies. Lane ran the nascent division for nearly four years.
In 1981 Lane accepted a principal position with Booz Allen Hamilton in Chicago. At Booz Allen, he helped develop information technology strategies. Lane became a partner in three years and a senior partner by 1986. He led the development in the late 1980s of became known as Information Systems Group, one of two functional practices, and four industry practices that were the firm's primary organization. He sat on the firm's executive committee and board of directors from 1987 to 1992.
In 1992, Lane was recruited by Oracle Corporation to turn around the firm's sales, service, consulting and marketing, and named president of Oracle USA in June. Oracle, suffering from rapid growth in the late '80s without checks and balances on its customer practices, was also falling behind technologically. The rapid turnaround in the mid-90s, fueled by a new database technology, Oracle 7, and by Lane's organization of sales and services at the company, led to the rise of Oracle's business applications division. Apple founder Steve Jobs recalled that "Larry told me that 15 minutes into the meeting, he knew Ray was the only guy he had met who was near smart enough to run Oracle." In 1996, Lane was named the president and chief operating officer of Oracle. Under his leadership, along with Larry Ellison and Jeff Henley, Oracle expanded from 7,500 to 40,000 employees, defeating its main database rivals Sybase and Informix, to become the leader in the database industry while building major businesses in ERP applications and consulting. In mid-2000, Lane suddenly left the company, leading to speculation Oracle's business needs had outgrown him.
In 2000, Lane accepted a position with Kleiner Perkins Caufield & Byers. Lane's work at KPCB centered on enterprise technology and alternative energy. As of 2013 Lane became partner emeritus of Kleiner Perkins. He serves as chairman of the board of Elance, an online staffing platform, and of Aquion Energy.
Lane served as non-executive chairman on Hewlett-Packard's board of directors from 2010 to 2011, and as executive chairman from 2011 to 2013. Lane restructured the board to add seven new directors, replaced the short-tenured CEO Leo Apotheker, and led the placement of Meg Whitman as CEO. Lane was chairman when HP decided to acquire Autonomy Corporation, a controversial acquisition that led him to step down as chairman, but remain on the board of directors.
Lane currently serves as a Managing Partner at GreatPoint Ventures, a venture capital firm headquartered in San Francisco, CA.
In 2013, it was reported that Lane was involved in a personal tax dispute. The case stemmed from a tax year 2000 audit that reviewed an investment in a tax strategy used by Lane's advisors called POPS (Partnership Option Portfolio Securities) to offset a minority of Lane's income. Lane agreed to settle in excess of $100 million.
On January 3, 2014 Lane filed a lawsuit against Deutsche Bank, and BDO Seidman, LLP alleging that he had suffered damage as a result of their having designed an allegedly "fraudulent" tax shelter.