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Larry Michael Ellis
Oracle Pays $2 Million To Settle Bribery Case With The SEC
The SEC was concerned that from 2005 to 2007 Oracle India Private Ltd. was secretly banking up funds that would be used to bribe vendors in India. The unauthorized funds amounted to about $2.2 million, the SEC said Thursday.
https://www.businessinsider.com/oracle-pays-2-million-to-settle-bribery-case-with-the-sec-2012-8?op=1
30 Surprising Facts About Billionaire Tycoon Larry Ellison
Oracle's founder and longtime CEO is infamous for his lavish lifestyle and business acumen. Here are 30 surprising facts you may not know about Larry Ellison:
Ellison is currently the 5th richest person on the planet, with a net worth of $54.3 billion (at time of writing).
Born to an unwed mother in New York City, he contracted pneumonia at just nine months of age and was given to his great-aunt and uncle for adoption. He wouldn't see his biological mother again for almost five decades.
Unlike Bill Gates, Larry Ellison was not exposed to computers in his childhood and didn't have that inherent advantage early in life. He was first introduced to computer design during his second attempt at university.
Ellison studied at both the University of Illinois at Urbana-Champaign and the University of Chicago, but dropped out of school for good to move to California in 1966. He'd spent a summer there between his two stints in university, after the death of his adoptive mother.
Prior to the loss of his mother, Ellison had been named science student of the year at University of Illinois.
The first company Ellison co-founded launched in 1977. It was called Software Development Laboratories and his investment was $1200. He and his partners won a two-year contract to build a database for the CIA; they called the project "Oracle." Their company would become Relational Software Inc. in 1979, and change names one more time, in 1982, to become Oracle Systems Corporation.
Ellison almost lost everything when Oracle nearly went bankrupt in the early 1990s.
https://www.inc.com/larry-kim/30-surprising-facts-about-billionaire-tycoon-larry-ellison.html