Oracle co-founder Larry Ellison disclosed a $1 billion stake in Tesla in late December. It's now worth about $580 million.
Self-made billionaires have a total of nearly $5 trillion, according to the Billionaire Census for 2019, the annual report on the world's billionaire population published by market research firm Wealth-X.
Feb 25- The Oracle of Omaha, Warren Buffett, admitted on Monday he knew less than he thought about Oracle Corp, the company overseen by fellow billionaire Larry Ellison. The Oracle of Omaha is a nickname that Buffett's fans often use for him. Berkshire said it ended the year with $172.8 billion of stocks, including $40.3 billion in iPhone maker Apple Inc, which...
Vermont Senator Bernie Sanders' new "For the 99.8% Act" would raise estate taxes up to 77 percent for those leaving over $1 billion.
Salesforce CEO Marc Benioff had a remarkably eventful 2018, buying Time, taking on Facebook and backing a measure to support the homeless.
*Another choppy session to end wild trading week. Dec 28- The S&P 500 ended marginally lower in a choppy session on Friday, but major indexes posted weekly gains for the first time in December following a wild few days of trading that saw equities rebound from a prolonged slide. Its just maybe nervousness... with another short week coming up, "said Bucky Hellwig, senior...
CNBC's "Closing Bell" team is joined by Jeff Sonnenfeld, CNBC contributor from Yale School of Management, to talk about Tesla's new names to the board. The carmaker named Larry Ellison and Kathleen Wilson-Thompson to board after a SEC settlement.
*Wall St set to snap three straight weeks of losses. The week started off with Wall Street's worst-ever Christmas Eve drop, pushing the S&P 500 to within a whisker of bear market territory. The primary driver of todays action continues to be this idea that markets were oversold, said Michael Arone, chief investment strategist at State Street Global Advisors in...
Dec 28- Tesla Inc on Friday named Oracle Corp co-founder Larry Ellison, a shareholder and self-described close friend of Chief Executive Elon Musk, to its board to the provide independent oversight demanded by U.S. regulators after Musk tweeted about taking the electric carmaker private. Under a court-approved agreement with the U.S. Securities and Exchange...
Dec 28- Tesla Inc on Friday named two independent board directors, including Oracle Corp co-founder Larry Ellison, to fulfill a September deal that resolved federal charges that arose from Chief Executive Elon Musk's tweet about taking the electric carmaker private. Tesla said Ellison and Walgreens Boots Alliance's global head of human resources, Kathleen...
Dec 28- Tesla Inc on Friday named two independent board directors as part of a September deal with federal regulators to move past the turbulence that followed Chief Executive Elon Musk's tweet about taking the electric carmaker private. The company said Oracle Corp co-founder Larry Ellison and Walgreens Boots Alliance's global head of human resources,...
'Squawk on the Street' reports on Tesla naming Larry Ellison and Kathleen Wilson-Thompson as new board members following its settlement with the SEC.
Tesla's board has historically been tightly linked to its CEO and includes, among others, his brother Kimbal Musk.
Amazon saw a major glitch in one of its biggest warehouses on Prime Day in large part due to its move off Oracle's database software, according to internal documents obtained by CNBC. The outage led to thousands of delayed package deliveries.
Salesforce Chief Product Officer Bret Taylor has climbed the ranks quickly since his start-up Quip was acquired two years ago, and now he's in Benioff's inner circle.
Oracle's stock has lagged considerably behind Microsoft as both companies shift to the cloud.
The Amazon founder's gain in wealth on Tuesday alone is around $1.8 billion based on the stock he holds.
As tech executives become more prominent, their employers are spending more money to protect them.
Amazon's planned move off of Oracle's database software will not be cost-effective, Oracle chairman Larry Ellison said.
As Amazon increasingly competes with Oracle in the cloud, the e-commerce company is moving off of Oracle's databases.