Raymond J. Lane

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Ray Lane
Born (1946-12-26) 26 December 1946 (age 67)
McKeesport, Pennsylvania
Residence Silicon Valley
Occupation Entrepreneur, Consultant
Known for Investment Strategy, Business Consulting, Technology, Alternative Energy
Title Partner Emeritus at Kleiner Perkins Caufield & Byers
Spouse(s) Stephanie
Children 5 children
Website
KPCB

Raymond J. "Ray" Lane is an American business executive and strategist specializing in technology and finance.[1][2] Lane is best known for assisting corporations with technology strategy, organizational development, team building, and sales and growth management.[1][2]

Lane is best recognized for his organizational and go-to-market overhaul of the technology corporation Oracle, which led to an exponential increase in the company’s sales and stock price in the 1990s.[3][4] He is cited as being the catalyst for “Oracle’s success, ‘past, present and future.’”[3][4]

Lane is a Partner Emeritus at Kleiner Perkins Caufield & Byers, a prominent venture capital firm in Silicon Valley.[1][5][6] He also serves as chairman of the board of Elance, a global online staffing platform.[7][8] He is recognized for his investments in promising startup companies, including the development of enterprise technology and alternative energy.[1][9][10][11]

Early life and education[edit]

Raymond Jay Lane was born on December 26, 1946 in McKeesport, Pennsylvania, near Pittsburgh.[9][12] Lane grew up in rural western Pennsylvania where his father was employed as a design engineer for steel production plants.[3][12][13] Lane was heavily influenced by his father, who had emerged from the Depression-era steel business as the first member of his family to go to college, graduating from Carnegie Mellon as a mechanical engineer.[9][12]

Lane attended public schools, graduating from Moon High School in 1964.[12][13] Wishing to follow in his father’s footsteps, Lane first pursued a collegiate career in aeronautical engineering at West Virginia University.[12] He later changed his major and graduated with a Bachelor’s degree in Mathematics in 1968.[13][14]

Career[edit]

IBM[edit]

Shortly after graduating, Lane was recruited to IBM’s data processing division for a sales position.[3][12] In 1969, Lane was drafted to the U.S. Army, assigned to the First 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.[12]

EDS[edit]

After eight years with IBM, Lane was recruited by EDS, led at the time by Ross Perot.[12] He was handed responsibility for a new division that provided services to large manufacturers, distributors, and retail and transportation companies.[15] Lane honed his entrepreneurial and leadership skills running the nascent division for nearly four years.[12]

Booz Allen Hamilton[edit]

In 1981 Lane accepted a Principal position with Booz Allen Hamilton in Chicago, where he helped build the Information Technology practice for that area.[12][16] At Booz Allen, he helped senior leadership of major corporations develop information technology strategies.[12] Lane became a partner in three years and a senior partner by 1986.[12][16] He led the development of the firm’s first global Information Technology practice, which in the late '80s became known as ISG (Information Systems Group), one of two global functional practices, and four industry practices that were the firm’s primary organization.[1][17] He sat on the firm’s Executive Committee and Board of Directors from 1987 to 1992.[1][18] He established and led the firm’s information technology group worldwide.[11][19]

Oracle[edit]

In 1992, Lane was recruited by Oracle Corporation to turn around the firm’s sales, service, consulting and marketing functions.[3] He was named President of Oracle USA in June.[20] Oracle, suffering from rapid growth in the late '80s without checks and balances on its customer practices, was also falling behind technologically.[12] 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.[12][16][20] 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."[3] In 1996, Lane was named the President and Chief Operating Officer of Oracle.[12][21] Under his leadership, along with Oracle’s 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.[12][22][23][24] In mid-2000, Lane suddenly left the company, leading to speculation Oracle's business needs had outgrown him.[25]

Kleiner Perkins Caufield & Byers[edit]

In 2000, Lane accepted his current position with Kleiner Perkins Caufield & Byers.[11][12] Lane’s work at KPCB has centered on investing in entrepreneurs that are disrupting enterprise technology and alternative energy arenas.[11][26] As of 2013 Lane serves as a Partner Emeritus of Kleiner Perkins.[1][11]

HP[edit]

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.[27][28] During his tenure, Lane restructured the board to add seven new directors, replaced the short-tenured CEO Leo Apotheker, and led the placement of Meg Whitman, HP’s current CEO.[29] 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 current board of directors.[29]

Tax Dispute[edit]

In 2013, it was reported that Lane was involved in a personal tax dispute.[9] 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.[9][10][30] Lane agreed to settle in excess of $100 million.[30][31]

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.[32] [33]

Personal life and interests[edit]

Lane has three children, Kristi, Kelley, and Kari, with his first wife, Donna.[12] He is currently married to Stephanie (Herle) Lane, with whom he has two children, Raymond Jay Lane III (“RJay”) and Catherine Victoria (“Tori”).[12][13][34]

Philanthropy[edit]

Lane’s philanthropic interests include work in higher education, the Special Olympics, and Cancer Research.[35]

Lane currently serves as the Chairman of the Board of Trustees of Carnegie Mellon University.[1][2][36] He led the institution’s capital campaign and efforts to establish a Silicon Valley campus in 2002.[1][2][36] In 2010, the Lanes funded the establishment of Carnegie Mellon’s Computational Biology program (Lane Computational Biology Department), which today is one of six degree-granting departments in the School of Computer Science.[13][37] Lane also funded a professorship chair in his father’s name which is currently held by the dean of the mechanical engineering department at CMU.[13][38] Additionally, he is a benefactor to his alma mater, West Virginia University, where he sits on its Board of Governors.[1][11] He chaired WVU’s “Building Greatness” capital campaign in the early 2000s.[13] In September of 2007, the Lanes made a $5 million contribution to the university’s Computer Science and Electrical Engineering programs, for which the university honored them by naming the department The Lane Department of Computer Science and Electrical Engineering.[13][37]

Lane has served as Vice Chairman of Special Olympics International for several years.[1][2][39] In October of 2011, Ray and Stephanie funded the organization’s international expansion project, UNIFY, which unites school age youth with intellectual disabilities with their healthy counterparts.[40]

Ray and Stephanie Lane are contributors to the American Cancer Society, and continually sponsor functions to raise additional funds.[13][41] The Lanes initiated and funded the Stephanie H. Lane Cancer Research Network, a central service in the state of California to help cancer patients get information and treatment.[13][40]

Recognition[edit]

  • TechAmerica, “David Packard Lifetime Medal of Achievement,” 2011.[1][5][26]
  • Inducted into West Virginia University’s Business Hall of Fame (2003) Academy of Distinguished Alumni (2004) and the Order of the Vandalia (2005).[14][42]
  • Smithsonian Leadership Award for Collaborative Innovation, 2001.[12]
  • Kappa Sigma Man of the Year, 2000.[43]
  • Honorary Ph.D.’s, West Virginia University, Golden Gate University.[1][5]
  • West Virginia University, Lane Department of Computer Science and Electrical Engineering.[13][37]
  • Carnegie Mellon, Lane Department of Computational Biology.[13][37]

External links[edit]

References[edit]

  1. ^ a b c d e f g h i j k l m "Ray Lane". CrunchBase. Retrieved 29 July 2013. 
  2. ^ a b c d e "Raymond Lane". Forbes. Retrieved 29 July 2013. 
  3. ^ a b c d e f Abate, Tom (4 September 1997). "Oracle's First-Rate Second in Command / Ray Lane makes Larry Ellison's visions a reality". SFGate. Retrieved 29 July 2013. 
  4. ^ a b "A Conversation with Ray Lane: From the Turnaround at Oracle to the Chairmanship at Hewlett Packard". The American Entrepreneur. Retrieved 29 July 2013. 
  5. ^ a b c "Executive Profile: Raymond J. Lane Ph.D.". Bloomberg Businessweek. Retrieved 29 July 2013. 
  6. ^ "Kleiner Perkins". Mashable. Retrieved 29 July 2013. 
  7. ^ "Ray Lane, General Partner, Kleiner Perkins Caufield & Byers". Enigma. Retrieved 28 August 2013. 
  8. ^ "Company Overview of Elance, Inc.". Retrieved 28 August 2013. 
  9. ^ a b c d e Ricadela, Aaron; Zajac, Andrew; Hymowitz, Carol. "HP’s Lane Faces $100 Million Bill on Tax Shelter Denial". Bloomberg. Retrieved 29 July 2013. 
  10. ^ a b Gupta, Poornima (7 June 2013). "HP board member Ray Lane settles long-running tax issue". Reuters. Retrieved 29 July 2013. 
  11. ^ a b c d e f "Ray Lane". KPCB--Kleiner Perkins Caufield & Byers. Retrieved 29 July 2013. 
  12. ^ a b c d e f g h i j k l m n o p q r s t "Raymond J. Lane: Oral History (Transcript)". Computerworld Honors Foundation. Retrieved 29 July 2013. 
  13. ^ a b c d e f g h i j k l "About Ray Lane". West Virginia University: Lane Department of Computer Science and Electrical Engineering. Retrieved 29 July 2013. 
  14. ^ a b "2003 Inductees Raymond J. Lane". West Virginia University: College of Business and Economics. Retrieved 29 July 2013. 
  15. ^ Riddell, Lindsay. "Ray Lane, managing partner of Kleiner Perkins Caufield & Byers". San Francisco Business Times. Retrieved 29 July 2013. 
  16. ^ a b c Pitta, Julie (14 June 1999). "Fast Lane". Forbes. Archived from the original on 3 August 2013. Retrieved 29 July 2013. 
  17. ^ "Ray Lane: Kleiner Perkins Caufield & Byers". eCorner: Stanford University. Retrieved 29 July 2013. 
  18. ^ "Management". SeeBeyond technology Corporation. Retrieved 29 July 2013. 
  19. ^ "Ray Lane, Chairman". Aquion Energy. Retrieved 29 July 2013. 
  20. ^ a b Oracle President Ousted Ahead Of Version 7 Launch. Computer Business Review. 22 June 1992. 
  21. ^ "Raymond J. Lane Named President and COO of Oracle Corp.". EE Times. Retrieved 29 July 2013. 
  22. ^ "Elster Improves Technology Infrastructure Using Oracle Database, Oracle Enterprise Linux, and Oracle Real Application Clusters". Oracle Partner Case study. Retrieved 29 July 2013. 
  23. ^ Smith, Tom. "Sybase, Oracle to reconcile discord.". HighBeam Business. Retrieved 30 July 2013. 
  24. ^ "Stan Slap". Agricultural Speakers Network. Retrieved 30 July 2013. 
  25. ^ Einstein, David. "Why Ray Lane Left Oracle". Forbes. Retrieved 30 July 2013. 
  26. ^ a b Wittmann, Art (12 October 2011). "Inside Ray Lane's Silicon Valley". Information Week: Global CIO. Retrieved 30 July 2013. 
  27. ^ "Board of Directors". HP. Retrieved 30 July 2013. 
  28. ^ "Corporate governance biography: Raymond J. Lane". HP. Retrieved 30 July 2013. 
  29. ^ a b Goldman, David (4 April 2013). "Ray Lane stepping down as HP chairman". CNN Money. Retrieved 30 July 2013. 
  30. ^ a b Zajac, Andrew; Drucker, Jesse. "Ray Lane Rode Tech Boom Tax-Shelter Wave Broken by IRS". Bloomberg. Retrieved 30 July 2013. 
  31. ^ Xavier, Jon. "Ray Lane is having a bad year, now owes the IRS $100M". Silicon Valley Business Journal. Retrieved 30 July 2013. 
  32. ^ "Deutsche Bank, BDO Seidman Sued by Lane Over Tax Shelter". Bloomberg. January 4, 2014. 
  33. ^ "RJ Lane Sues Deutsche Bank". Venture Capital Post. January 4, 2014. 
  34. ^ Thomas, Owen. "Meet All The Players In The Kleiner Sex Scandal That's Rocking Silicon Valley". Business Insider. Retrieved 30 July 2013. 
  35. ^ Riddell, Lindsay. "Ray Lane, managing partner of Kleiner Perkins Caufield & Byers". San Francisco Business Times. Retrieved 29 July 2013. 
  36. ^ a b Ricadela, Aaron; Zajac, Andrew; Hymowitz, Carol. "Ray Lane’s $100 Million Tax Bill Inflated by Dot-Com Bomb". Bloomberg. Retrieved 30 July 2013. 
  37. ^ a b c d "Carnegie Mellon Establishes Ray and Stephanie Lane Center for Computational Biology". Carnegie Mellon University. Retrieved 30 July 2013. 
  38. ^ "Mellon College of Science News". Carnegie Mellon University. Retrieved 30 July 2013. 
  39. ^ "Letters to Eunice Kennedy Shriver A Letter from Stephanie and Ray Lane". Eunice Kennedy Shriver: One Woman's Vision. Retrieved 30 July 2013. 
  40. ^ a b "Powering the Global Growth of Special Olympics' Project UNIFY". Special Olympics. Retrieved 30 July 2013. 
  41. ^ Vance, Ashlee. "Outgoing HP Chairman Ray Lane Takes a Beating". Bloomberg Businessweek. Retrieved 30 July 2013. 
  42. ^ "Alumni and Development". West Virginia University. Retrieved 30 July 2013. 
  43. ^ "Man of the Year".