Eh, not really. He will still have regular responsibilities, but Hurd and Catz will report to the Board instead of directly to Ellison, freeing Larry to finally focus on his outside interests rather than working all the time.
Does that mean Oracle will stop paying for his yacht stuff?
"Yacht racing cheater" a phrase anyone not a 1% could care less about.
Don't worry, shareholders. He'll keep taking home the better part of $100 million a year in salary either way.