Oracle's Larry Ellison tells employees he's moved to Hawaii

Oracle co-founder Larry Ellison told employees that he has moved to Lanai, Hawaii, becoming the latest Silicon Valley executive to announce a departure from California, as Recode first reported.

The big picture: Oracle announced Friday that it had shifted the company’s headquarters to Austin, from Redwood City, California, and Ellison made clear on Monday that he would not be making the trip to Texas.