Oracle co-founder and CEO Larry Ellison officially announced that he has acquired Island Air today. The acquisition secures the future of Island Air and their employees. Island Air already added one new ATR 72 aircraft to their fleet, which gives customers the option to enjoy a larger plane with more seats and legroom.
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Dan Gilbert, the founder of Quicken Loans, and Manoj Bhargava, the founder of 5-Hour Energy, are among two billionaires from Michigan that have joined Giving Pledge. Giving Pledge is an organization created by Bill Gates and Warren Buffett to redistribute their wealth to charity.
Yesterday I wrote about how either Bill Gates or Larry Ellison would be buying the Hawaiian island of Lanai. It looks like Ellison is the highest bidder because he has just closed on the purchase of the Hawaiian island of Lanai for an undisclosed amount of money. Ellison agreed to buy 98% of the 141 square mile island, which is Hawaii’s sixth largest island based on acreage according to a statement by the governor’s office of Hawaii.
Microsoft co-founder Bill Gates is rumored to be in the running for buying the Hawaiian island of Lanai. The island is being put for sale by David Murdock, the owner of the Dole Food Company. Lanai is the sixth largest island in Hawaii. Bill Gates and his wife Melinda chose Lanai as their wedding destination in 1994. The asking price for the island is undisclosed, but it is rumored to be over $500 million. Oracle CEO Larry Ellison is also rumored to be a potential buyer as he has a home on the island. The sale is expected to happen as early as one week from now.
Oracle CEO Larry Ellison is taking the witness stand today in Oracle’s lawsuit against Google. Ellison will be examined by Oracle’s lawyers. Oracle filed a lawsuit against Google for infringing on their patents and copyrights on Java while working on building the Android operating system.
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Oracle Corporation (NASDAQ:ORCL) chief financial officer Jeff Epstein has stepped down from the company. Oracle co-president Safra Catz will fill in for Epstein, who previously reported to Catz directly. This is the second time that Catz will be acting as the CFO as she had that position between November 2005 and September 2008. “Safra already has the long-standing confidence of our employees, our board and our shareholders,” stated Oracle CEO Larry Ellison. “There is no more logical choice for CFO.” [AllThingsD]
The White House has uploaded some images on Flickr of President Barack Obama’s meeting with the tech titans of Silicon Valley. This photo symbolizes how the meeting went. The meeting was about how these executives plan to support entrepreneurship, increase exports, and strengthen the economy. The executives in this picture includes:
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