Larry Ellison news stories on Newser

Carlos Slim Tops Billionaires List

Rob Quinn — Thu, 10 Mar 2011 05:02:00 CST

Mexican telecoms tycoon Carlos Slim is the richest person in the world for the second year running, according to Forbe s' latest list of billionaires . The 71-year-old Slim, now worth an estimated $74 billion, widened the gap with No. 2 Bill Gates thanks to some canny business moves last year,...

Mark Hurd: He's Back, Definitely

Imperator — Tue, 07 Sep 2010 05:48:18 CDT

The rumors are true —former Hewlett-Packard CEO Mark Hurd is joining Oracle as co-president, replacing Charles Phillips. Oracle CEO Larry Ellison expressed his pleasure, saying, “Mark did a brilliant job at HP and I expect he’ll do even better at Oracle,” And, of course, analysts are excited that a known...

Mark Hurd: He's Back, Maybe

Imperator — Mon, 06 Sep 2010 09:56:17 CDT

You would think that ex-Hewlett-Packard CEO Mark Hurd would quietly lick his wounds and live comfortably off of his $28 million severance. But no: Hurd is rumored to be in talks with friend, admirer, and Oracle CEO Larry Ellison about taking a senior position there, reports the New York Times...

34 US Billionaires Pledge Half Their Money to Charity

Kevin Spak — Wed, 04 Aug 2010 10:49:14 CDT

Bill Gates and Warren Buffett have convinced 34 more billionaires to sign onto their “Giving Pledge” initiative , promising to give away at least half their money to charity. The list includes the likes of Michael Bloomberg, Ted Turner, Barry Diller, Larry Ellison, and T. Boone Pickens, Reuters reports. “I am...

Meet the Best Paid Execs of the Decade

Kevin Spak — Tue, 27 Jul 2010 09:37:28 CDT

Maybe those giant executive pay packages weren’t such great ideas after all. Of the eleven highest paid executives of the last decade, five presided over companies that lost their shareholders money, the Wall Street Journal reveals today, breaking down the numbers to reveal who the decade was most generous to....

Average CEO Pay Sinks to $9.5M

Mary Papenfuss — Mon, 05 Apr 2010 02:10:22 CDT

Pity the poor CEO in this recession: average compensation for the honchos in the largest publicly traded companies in the US has sunk to a mere $9.53 million. That's down 15% over the previous year. Some CEOs have fared decidedly better than others. Oracle CEO Larry Ellsion topped this...

US Wins Back America's Cup

Sun, 14 Feb 2010 13:21:39 CST

Larry Ellison's space-age trimaran BMW Oracle won back the America's Cup for the United States by speeding across the Mediterranean and routing two-time defending champ Alinghi of Switzerland in a two-race sweep. The 65-year-old software tycoon was onboard his incredibly fast craft today, after sitting out Race 1 due to...

America's Greediest People

Kevin Spak — Wed, 23 Dec 2009 14:12:00 CST

These days, it’s easy to fill up a “greediest Americans” list. Just ask TooMuch.org , a site devoted entirely to “excess and inequality.” “We could fill an entire top 10 just with bankers from Goldman Sachs,” it boasts. The list: Larry Ellison: The really galling part isn’t the fortune he...

Nabbed Oracle Spy Rocks America's Cup

Rob Quinn — Wed, 13 May 2009 02:19:52 CDT

Skulduggery has once again hit the world's foremost sailing race with charges that a spy for US billionaire Larry Ellison's BMW-Oracle team was nabbed snooping on a rival, the Times of London reports. Spokesmen for Alinghi, the Swiss holders of the America's Cup, say they caught the spy sneaking around...