The fourth wealthiest American and the Ch
ief Executive of the world’s third biggest soft ware company, Oracle, Larry Ellison is in the mood of offloading weight from his shoulders. Over the course of nine months, Ellison would sell off a good 100 million Oracle shares. Now, it is not always that the reason is only about the money, honey! Apparently Ellison Medical Foundation that works for bio-medical research will also be at the receiving end, as Ellison will gift another 2 million shares to the charity. Once, he completes all the planned gift s and sale, Ellison will control about 22.7% or 1.173 billion outstanding shares of the soft ware giant. The philanthropist attitude of American heavyweights has been quite pronounced lately.
For Complete IIPM Article, Click on IIPM Article
ief Executive of the world’s third biggest soft ware company, Oracle, Larry Ellison is in the mood of offloading weight from his shoulders. Over the course of nine months, Ellison would sell off a good 100 million Oracle shares. Now, it is not always that the reason is only about the money, honey! Apparently Ellison Medical Foundation that works for bio-medical research will also be at the receiving end, as Ellison will gift another 2 million shares to the charity. Once, he completes all the planned gift s and sale, Ellison will control about 22.7% or 1.173 billion outstanding shares of the soft ware giant. The philanthropist attitude of American heavyweights has been quite pronounced lately.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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