The bulk of Ellison's fortune comes from his 23.5 percent stake in Oracle, the world's largest database company. He also owns a 49 percent stake in NetSuite, as well as an interest in educational software maker LeapFrog Enterprises. He has an estimated $4 billion in cash and other assets, including numerous real estate properties.
Progressive Corp. Chairman Peter B. Lewis, the billionaire who turned a company founded by his father into one of the biggest U.S. auto insurers and later pushed to legalize marijuana, has died. He was 80.
Highfields Capital Management LP, the Boston hedge fund run by Jonathon Jacobson, sold its stake in JPMorgan Chase & Co. and Oracle Corp. in the third quarter and halved its holdings in Capital One Financial Corp.
Oracle Corp. Chief Executive Officer Larry Ellison plans to build one to power the Hawaiian island he bought last year. EBay Inc. has one to run a data center. The University of California at San Diego and the federal government have invested tens of millions of dollars in the technology.
Oracle Corp. shareholders rejected the pay packages of Chief Executive Officer Larry Ellison and other top managers for a second year, hewing to the recommendation of a proxy adviser that said their compensation is out of sync with the company’s performance.
Oracle Corp. shareholders rejected the pay packages of Chief Executive Officer Larry Ellison and other executives, hewing to the recommendation by a proxy adviser that said their compensation is out of sync with the company’s performance.
Google Inc., Red Hat Inc., Oracle Corp. and other technology companies are contributing dozens of computer engineers and programmers to help the Obama administration fix the U.S. health-insurance exchange website.
Pension funds holding Oracle Corp. shares issued a letter opposing the re-election of directors because they said the board had failed to change the compensation structure, adding to the dissenting voices on executive pay before the company’s annual meeting.
The doors of Larry Ellison’s waterfront hangar on San Francisco Bay slide open and more than a dozen men in hard hats roll out the billionaire’s latest technological marvel. Built to defend the America’s Cup starting here on Sept. 7, Oracle Team USA 17 is a catamaran named after the company that made Ellison the eighth-richest person on the planet.