Oracle board committee recommends court to proceed with the shareholder lawsuit against Larry Ellison and Safra Catz over the $9.3B NetSuite acquisition in 2016
(Reuters) - Shareholder derivative suits exist because corporate directors can't always be trusted to put aside their own interests …
Can this get any weirder? / Business Insider: Oracle is suing Larry Ellison and Safra Catz over the $9 billion NetSuite deal, thanks to letter written by 3 Oracle board members. https://www.businessinsider.com/ ...
@Techmeme @AlisonFrankel And in other news... Salesforce reports Q2 FY20 Revenue of $4B (up 22%) beating the expected $3.95B. Salesforce also raised FY20 guidance to $16.9B.
Imagine the language @QTRResearch would use to describe this: $ORCL's board gives shareholder permission to pursue derivative claims against founder-chairman Larry Ellison. Who (thanks to mutual friendship with Jeffrey Epstein?) is now a $TSLA director. https://www.businessinside…