There was no immediate word on the status of NetSuite founder Evan Goldberg, the company's CTO, or CEO Zach Nelson. Both are Oracle veterans and close Ellison, who owns a majority of the shares, but who placed them in a separate corporations so he could not vote them.

Nelson became CEO of a company, then called NetLedger, in 2002. He changed the name and transformed its strategy from selling low-end accounting software for $5 per month to  an organization that has deals with enterprise-level companies. Over the last two years, Nelson appeared to be in a succession transition as he turned the president's job over to COO James McGeever.