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Larry Ellison last year more than tripled the amount of Oracle (ORCL) shares that he "pledged as...

Larry Ellison last year more than tripled the amount of Oracle (ORCL) shares that he "pledged as collateral to secure certain personal indebtedness, including various lines of credit." Ellison pledged 139M shares worth $4.5B vs. 40M shares in 2010 and the 1.1B shares he owns.
Comments (2)
  • Gloube
    , contributor
    Comments (104) | Send Message
     
    Who needs $4.5B collateral for PERSONAL indebtedness? Did he take a consumer credit to buy the 5 millions iPhone 5 of last week-end for himself?
    25 Sep 2012, 08:26 AM Reply Like
  • divinecomedy
    , contributor
    Comments (466) | Send Message
     
    Ellison has a record of managing his personal finances poorly. Just google old articles from SFGate. If I remember correctly, his accountant was complaining that this guy was spending money like water.

     

    Or.... maybe it's all a ponzi scheme whereby he's the one buying all the Oracle licenses :). After all as long as the stock value rises faster than Oracle license cost, things should be cozy. J/K guys.
    25 Sep 2012, 10:32 AM Reply Like
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