Theodore Schleifer and Nicholas Kulish, The New York Times; Larry Ellison Wants to Do Good, Do Research and Make a Profit
"Mr. Ellison has rarely engaged with the community of Giving Pledge signers, according to two people with knowledge of the matter. He has cherished his autonomy and does not want to be influenced to support Mr. Gates’s causes, one of the people said, while also sensitive to any idea that he is backing off the pledge.
But the stakes of Mr. Ellison’s message on X are enormous. His fortune is about 10 times what it was when he signed the pledge as the software company he founded, Oracle, rides the artificial intelligence boom. Mr. Ellison controls a staggering 40-plus percent of the company’s stock...
“Oxford, Cambridge and the whole university sector are under pressure to capitalize on intellectual property because of long-running government policy belief that the U.K. has fallen behind economically,” said John Picton, an expert in nonprofit law at the University of Manchester."
