Oracle CEO Larry Ellison has put his considerable shares of on-demand software rival NetSuite in a "lock box" to limit his influence on the board, though not on NetSuites potential future owners.

According to an Oct. 30 filing with the Securities and Exchange Commission, Ellison plans to set aside the voting power of his 639.3 million shares, or 60 percent of NetSuite. The shares will be put into a self-described lock box, established by NetSuite, which will squelch some of Ellisons direct influence on the San Mateo, Calif., company.

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