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Oracle Co-Founder Larry Ellison. Photo: Justin Sullivan/Getty Images

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.

Of note: Ellison owns the island of Lanai.

  • Lanai is 140.5 square miles and has a population of slightly more than 3,000 people.
  • Ellison owns 98% of it.

Go deeper: Tech "exodus" isn't scaring Silicon Valley

Go deeper

Tech "exodus" isn't scaring Silicon Valley

Illustration: Eniola Odetunde/Axios

Silicon Valley's powerhouses aren't putting out the "moving sale" signs, even as a handful of high-profile departures raises questions about the region's status.

Driving the news: Oracle's Friday announcement that it's shifting its headquarters to Austin, Texas follows a previous move by Hewlett Packard Enterprise to Houston.

Mike Allen, author of AM
10 mins ago - Politics & Policy

Biden-Harris, Day 1: What mattered most

President Joe Biden and first lady Dr. Jill Biden arrive at the North Portico of the White House. Photo: Alex Brandon-Pool/Getty Images

The Axios experts help you sort significance from symbolism. Here are the six Day 1 actions by President Biden that matter most.

Driving the news: Today, on his first full day, Biden translates his promise of a stronger federal response to the pandemic into action — starting with 10 executive orders and other directives, Caitlin Owens writes.

Read: Pete Buttigieg's opening statement ahead of confirmation hearing

Pete Buttigieg, President Biden's nominee to be secretary of transportation, in December. Photo: Kevin Lamarque/AFP via Getty Images

Pete Buttigieg, President Biden's nominee to lead the Transportation Department, will tell senators he plans to prioritize the health and safety of public transportation systems during the pandemic — and look to infrastructure projects to rebuild the economy — according to a copy of his prepared remarks obtained by Axios.

Driving the news: Buttigieg will testify at 10 a.m. ET before the Senate Committee on Commerce, Science and Transportation. He is expected to face a relatively smooth confirmation process, though GOP lawmakers may press him on "green" elements of Biden's transportation proposals.

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