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.
Before Charlie Enright and Mark Towill could sail through the Southern Ocean’s gales in the round-the-world Volvo Ocean Race, they needed help from a Disney movie, a Turkish medical devices company and a business plan.
Delaware’s governor named Andre Bouchard, a lawyer who has represented both companies and investors in corporate disputes, to lead the state’s chancery court, the highest-profile business court in the U.S.
Oracle Corp. reported fiscal third- quarter sales and profit that fell short of analysts’ estimates as the software maker faced stiffer competition from Salesforce.com Inc. and rivals selling Internet-based programs.
The catamarans used in the next America’s Cup will shrink about 16 percent and incorporate new safety and cost controls after last year’s regatta claimed the life of a sailor and cost about $100 million a team.
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.