Every time a major CEO position opens up in the Valley, the press speculates about Ray Lane as a candidate. Seems to happen once a year. Last time, I think it was around HP. When I asked him if he was looking at it, he responded "I love my life".
Ray did the heavy lifting operational job as number two at Oracle. Admirably. Keeping Larry happy and navigating the company through some of its best years. Before that he was at EDS and Booz Allen.
Now he enjoys a different pace as VC at Kleiner Perkins. Just notched a major transaction by selling Virsa to SAP. Gets to talk about (and invest in) Web 2.0 and Open Source and is one of the few Valley people really comfortable with corporate CIOs. Writes op-eds and presents to software conferences as a senior statesman - and yet has time to play chess with his young kids.
Another operational job? No, he loves his Life 2.0.