Larry Ellison

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With IPO, Ellison Walks $500M Tightrope

NetSuite offering reveals Oracle chief's major stake in rival

(Newser) - It's murky waters ahead for Oracle CEO Larry Ellison, a day after rival NetSuite Inc. revealed in an IPO filing that the outspoken billionaire holds a 74% stake. That puts Ellison, whose Oracle holdings are valued at $24 billion, in a tricky spot: Other shareholders may view the joint investments...

America's Cup Lacks Americans
America's Cup Lacks Americans

America's Cup Lacks Americans

Larry Ellison's $400 million for naught as team implodes

(Newser) - After a decisive 5-1 defeat by Italy's Luna Rossi, BMW Oracle Racing's leadership is in doubt; for the final race, owner Larry Ellison grounded skipper Chris Dickson, whose dictatorial style is said to have chafed the crew. Aided by the futuristic USA98, the underachieving Oracle team was predicted to challenge...

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