Tag: John Ashcroft

Stock manipulation does some good

Larry 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.