Welcome!

Recurring Revenue Authors: Yeshim Deniz, Elizabeth White, Xenia von Wedel, Liz McMillan, Carmen Gonzalez

Related Topics: Recurring Revenue, Microservices Expo

Recurring Revenue: Article

Oracle's Ellison Causing His Accountant to Lose Sleep

CEO's Personal Spending Outlined in Court Documents

In a podcast filed by this author recently, I noted that Big Technology executives have now reached the "status" of rock stars, Hollywood stars, and athletes--their personal lifes and eccentricities are being covered as much as their business strategies, and they will soon have to worry about paparazzi, no doubt.

This is not a major revelation. Execs such as Bill Gates and Larry Ellison (pictured) have been "A-minus List" celebs for some time now. And Ellison has long been a topic of gossipy conversation in the Bay Area, with stories of his Japanese-style estate, his battles with the San Jose airport over late-night personal jet landings, and his many marriages often in the news.

Ellison has even appeared on Oprah (talking about his "network computer" vision), although the technical depth of her discussion with him is probably not one of his more cherished memories.

But an emphasis on the personal lifestyle over the business vision of tech executives seems to be emerging. Ellison has just made the front page of the San Francisco Chronicle, for example, in a report by reporter Carrie Kirby that outlines the concerns of Ellison's personal accountant over The Man's personal spending habits.

The Chronicle report is based on documents that were recently unsealed by San Mateo Superior Court Judge John Schwartz (no, not Jonathan Schwartz), regarding a well-known shareholder lawsuit that Ellison settled last November when he agrred to donate $100 million to charity (and pay his lawyers additional millions) out of his own pocket.

The released documents contain e-mails written by Philip Simon, described as Ellison's financial adviser, in which the beancounter evinces the classic Nervous Nellie viewpoint familiar to entrepreneur who has ever started and run a business. The difference is that in Ellison's case, there are often several more zeroes at the ends of the numbers being discussed.

More Stories By Roger Strukhoff

Roger Strukhoff (@IoT2040) is Executive Director of the Tau Institute for Global ICT Research, with offices in Illinois and Manila. He is Conference Chair of @CloudExpo & @ThingsExpo, and Editor of SYS-CON Media's CloudComputing BigData & IoT Journals. He holds a BA from Knox College & conducted MBA studies at CSU-East Bay.

Comments (2) View Comments

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


Most Recent Comments
SYS-CON Italy News Desk 01/31/06 01:17:17 PM EST

Oracle CEO Larry Ellison was spending too much money on himself between 2000 and 2002 in the opinion of his accountant, according to court documents that have been released in connection with a challenge to a shareholder lawsuit settlement Ellison made last year. The original story was published by the San Francisco Chronicle, and contains many details of Ellison's lifestyle spending; but is it news?

SOA Web Services Journal News Desk 01/31/06 01:02:52 PM EST

Oracle CEO Larry Ellison was spending too much money on himself between 2000 and 2002 in the opinion of his accountant, according to court documents that have been released in connection with a challenge to a shareholder lawsuit settlement Ellison made last year. The original story was published by the San Francisco Chronicle, and contains many details of Ellison's lifestyle spending; but is it news?

IoT & Smart Cities Stories
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER gives detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPOalso offers sp...
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
SYS-CON Events announced today that IoT Global Network has been named “Media Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. The IoT Global Network is a platform where you can connect with industry experts and network across the IoT community to build the successful IoT business of the future.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...