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.
Ray Lane, former chairman of Hewlett- Packard Co. and partner emeritus at venture-capital firm Kleiner Perkins Caufield & Byers, is in a dispute with the U.S. Internal Revenue Service that has left him with a $100 million tax bill.
Corporate governance advocates and shareholder activists have long complained that chief executive officer pay, which has jumped by a third since 2007, is sometimes way out of line with the CEO’s on-the-job performance.
After Larry Ellison finally took possession of the America’s Cup in 2010, he had grand plans for the race. He would transform this elite, gentleman’s sport into a TV spectacle for the masses: Nascar on San Francisco Bay. Ellison was going to reinvent the cup for “the Facebook generation, not the Flintstones generation.” Yes, disruptive innovation was coming to sailing!
Open Text Corp. Chief Executive Officer Mark Barrenechea, taking a page from former boss Larry Ellison’s merger playbook at Oracle Corp., is planning to expand the Canadian software maker by going shopping again.
“Steve Jobs and Willy Wonka to me were just like these brilliant people who had these magical factories where every six months they’d come out with this huge show,” David Karp told me a few years ago. “I thought that was like the coolest thing ever. That’s what I wanted to do.”
When Gregory Glinsey was fatally shot while buying ice for his mother’s 80th birthday party, the emotional toll on his family was incalculable. The immediate price to the public was $800 for his autopsy.
Structural reviews of competing America’s Cup catamarans, a lower wind limit and improved safety equipment for sailors are being recommended to prevent a repeat of a training accident that killed an Olympic yachtsman.
If you’re a normal person, you probably don’t spend much time contemplating household hardware: how a hinge holds a door in place, how a knob feels in the hand. Rhett Butler -- possessor of the world’s largest collection of fine architectural fittings -- isn’t a normal person.