Sunday, April 5, 2009

Insider trading

In the NYTimes: Oracle's chief in agreement over settlement of insider trading's lawsuit.

The lawsuit charged that Mr. Ellison, known for his brash and combative pronouncements, sold almost $900 million of shares ahead of news that Oracle would not meet its expected earnings target. The same amount of stock, after the announcement, was worth slightly more than half as much.

Ellison appears -as well- as one of the best compensated executives in America.

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