Stock manipulation does some good
November 25th, 2005Larry Ellison was accused of stock manipulation a few years back - everyone’s stock was headed down the tubes, so I think lawyers were looking at the billionaire as a scapegoat. He had money then, he has money now, and Oracle didn’t go down the tubes like many others (even though it might have a bit of trouble now).
Nonetheless, as part of a settlement on those charges, Mr. Ellison is going to be donating in upwards of $100 million to philanthropic causes. The timing is impeccable.
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Posted in Thoughtmarket |
Tags: John Ashcroft, Larry Ellison, Oracle |
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