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Ellison to Donate Some of NetSuites IPO Earnings to Charity |
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Tuesday, 11 December 2007 |
The Oracle CEO, who owns 60 percent of NetSuite, is setting 32 million shares aside, NetSuite said in its prospectus.
Larry Ellison has a giving heart this holiday season. In the Dec. 10 commencement of its online IPO auction, NetSuite, in which the Oracle CEO has a 60 percent ownership, revealed that Ellison will donate some of the proceeds from NetSuites stock sales to charities. This story continues in an external site (It will open in a new window). |
