Monday, October 07, 2013

Larry Ellison hands back $575m from Oracle's Pillar slurp • The Register

A Pillar of integrity...
"Oracle chief exec Larry Ellison has agreed to waive a potential payout of $575m to clear up accusations of a conflict of interest over Oracle's acquisition of Pillar Data Systems, a company Ellison owned.
Ellison agreed to hand back over 95 per cent of an "earn-out" payday he got when Oracle slurped Pillar in 2011, after two pension funds claimed in court that the company's directors had used its funds to bail Ellison out of a "horrible investment" in Pillar."
Larry Ellison hands back $575m from Oracle's Pillar slurp • The Register
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