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I never understood having Co-CEOs. Why not make Peter CRO or similar, and have a clearer structure.

What if Halpern were to get hit by a bus? Then there would be no CEO.

The Oracle structure of co-CEOs leaves a company without any chance of instability, and works well for what it is.

Then the board finds a new CEO. How do you make decisions if the co-CEO's disagree?

Oracle gets by just fine.