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Lawrence Ellison

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BUSINESS
March 12, 2009 | Tom Petruno
The meltdown of global financial markets slashed the ranks of the world's billionaires by 30% in 2008, Forbes magazine reports in its annual tally of the planet's richest people. "The world has become a wealth wasteland," Forbes declares in the billionaire report on its website. "Like the rest of us, the richest people in the world have endured a financial disaster over the past year." Microsoft Corp. founder Bill Gates' net worth dived to $40 billion from $58 billion a year earlier.
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BUSINESS
March 12, 2009 | Tom Petruno
The meltdown of global financial markets slashed the ranks of the world's billionaires by 30% in 2008, Forbes magazine reports in its annual tally of the planet's richest people. "The world has become a wealth wasteland," Forbes declares in the billionaire report on its website. "Like the rest of us, the richest people in the world have endured a financial disaster over the past year." Microsoft Corp. founder Bill Gates' net worth dived to $40 billion from $58 billion a year earlier.
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BUSINESS
March 1, 1999 | LESLIE HELM, TIMES STAFF WRITER
Lawrence Ellison, the billionaire chief executive of database software giant Oracle Corp., loves a challenge. He drives fast cars, pilots his own plane and recently sailed his yacht, the Sayonara, to victory in a storm-tossed race off the coast of Australia in which six sailors lost their lives.
BUSINESS
March 1, 1999 | LESLIE HELM, TIMES STAFF WRITER
Lawrence Ellison, the billionaire chief executive of database software giant Oracle Corp., loves a challenge. He drives fast cars, pilots his own plane and recently sailed his yacht, the Sayonara, to victory in a storm-tossed race off the coast of Australia in which six sailors lost their lives.
BUSINESS
May 8, 2000
Friday's Top Gainers *--* Chief executive Company Friday's change Lawrence J. Ellison Oracle Corp. +$1,697,868,546 Michael S. Dell Dell Computer Corp. +926,484,548 Jeffrey Bezos Amazon.com +403,984,973 Sanjiv S. Sidhu I2 Technologies +241,172,568 Terence H. Matthews Newbridge Networks +171,322,291 Chief executive Total value Lawrence J. Ellison $50,894,622,122 Michael S. Dell 17,603,192,324 Jeffrey Bezos 6,875,085,087 Sanjiv S. Sidhu 3,733,193,363 Terence H.
BUSINESS
July 25, 1997 | Bloomberg News
NextEra Enterprises, an investment group backed by financier Michael Milken and Redwood Shores-based Oracle Corp.'s Lawrence Ellison, said it will acquire Symmetrix Inc. as the first step in creating a consulting firm with $1 billion in revenue. NextEra groups an unspecified number of investors along with the Oracle chief executive and the former junk bond financier.
BUSINESS
May 16, 1995 | Times Staff and Wire Reports
Oracle Chairman Resigns: James A. Abrahamson will relinquish his post June 1. He will be replaced by company co-founder and Chief Executive Lawrence J. Ellison. Abrahamson, who remains on Oracle Corp.'s board, will join the Washington branch of Galway Partners, an investment and merchant bank, where he will pursue aerospace start-ups. A retired lieutenant general in the Air Force, Abrahamson came to Oracle in September, 1993.
BUSINESS
September 16, 1992 | From Times Staff and Wire Reports
New Chairman of Oracle Named: James Abrahamson, a retired Air Force general who once headed the Strategic Defense Initiative program, will leave his position as an executive vice president of Hughes Aircraft Co. to become chairman of Oracle Corp., a Redwood City computer software company. Abrahamson, 59, will assume the job as part of an unusual reshuffling in which company founder Lawrence J. Ellison will relinquish the chairman's post but remain as president and chief executive.
BUSINESS
July 28, 1997 | Bloomberg News
SuperGen Inc. said Oracle Corp. founder and Chairman Lawrence J. Ellison completed his purchase of a $15.3-million stake in the firm, which is developing anti-cancer drugs. In April, San Ramon, Calif.-based SuperGen said it agreed to sell a 9% stake to Ellison for $15 million, or $9 a share. SuperGen also is developing drugs to treat blood disorders and diabetes. Redwood Shores, Calif.-based Oracle is the world's largest maker of database software.
BUSINESS
September 15, 1999 | Bloomberg News
Oracle Corp. said its fiscal first-quarter earnings rose 21% to $237 million, or 16 cents a share, meeting the average estimate of analysts polled by First Call Corp. The results missed the "whisper" estimate of 19 cents, however, and Oracle's shares fell in after-hours trading. The database software maker reported its earnings after the close of U.S. trading. Revenue jumped 13% to $2 billion, in the mid-range of estimates.
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