Ellison agrees to settle insider trading suit

Oracle's CEO agrees to pay $100 million to charity to resolve a lawsuit charging that he engaged in insider trading in 2001.
The New York Times

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[Hernys]

Poor Martha Stewart...

She got jailed for less than that. But of course, nobody would jail a bad tempered ninth richest person in the world.

martha stewart set an example....

The whole insider trading thing doesnt make
anysense.. especially when the large brokerage
houses and the like play on the markets... the
inner workings of the Reserve deserve more public
scrutiny than the inner workings of corporations
and many many public corporations have more money
than they know what to do with..

I think the system can only get worse until
individuals start caring about peoples lives
instead of corporate success.. take heart
Greenwich CT.

[Hernys]

Poor Martha Stewart...

She got jailed for less than that. But of course, nobody would jail a bad tempered ninth richest person in the world.

martha stewart set an example....

The whole insider trading thing doesnt make
anysense.. especially when the large brokerage
houses and the like play on the markets... the
inner workings of the Reserve deserve more public
scrutiny than the inner workings of corporations
and many many public corporations have more money
than they know what to do with..

I think the system can only get worse until
individuals start caring about peoples lives
instead of corporate success.. take heart
Greenwich CT.

Do the math...

So Ellison profited somewhere around $400 Million by selling his shares due to insider knowledge. The settlement is for $100 Million to be paid to charity, netting a tidy profit of around $300 Million minus attorney's fees. Sounds like insider trading is a viable business after all...

Do the math...

So Ellison profited somewhere around $400 Million by selling his shares due to insider knowledge. The settlement is for $100 Million to be paid to charity, netting a tidy profit of around $300 Million minus attorney's fees. Sounds like insider trading is a viable business after all...