Ditto ! -----Original Message----- Sent: Monday, July 15, 2002 2:02 PM To: Multiple recipients of list ORACLE-L OT - unix
Nope. I just thought that people are innocent until proven guilty. One thing about someone in Ellison's position is that it would be impossible for him to *ever* sell stock without having the unfounded accusations you've quoted being hurled at him. So, are you saying that it is OK to throw such accusations around, when you don't know anything about anything? Or is there further substantiation for what you're saying? Does that mean he should never sell stock? Or should he just live his life and ignore the critics? I respect and admire Sen. McCain as much as I respect and admire anyone, but he is not infallible and he (and his staff) can certainly be off the mark... ----- Original Message ----- To: "Tim Gorman" <[EMAIL PROTECTED]>; <[EMAIL PROTECTED]> Sent: Monday, July 15, 2002 10:49 AM unix > Tim, > > It is my understanding that Oracle's stocks have gone > up and down wildly several times. > > As you say, the only time I've heard that Larry > Ellison cashed out before a plunge happened was the > recent one that McCain brought up. > > I'm afraid I fail to see what you think people should > conclude from all that. > > Are you saying that it is ok for stock holding workers > and investors to get gigantically screwed just because > Larry Ellison has only done it once? > > regards, > ep > > > On 15 Jul 2002 at 4:53, Tim Gorman wrote: > > Date sent: Mon, 15 Jul 2002 04:53:21 -0800 > From: Tim Gorman <[EMAIL PROTECTED]> > Subject: Re: McCain on Larry Ellison and > Corporate Responsibility / Re: OT - > unix > To: Multiple recipients of list ORACLE-L > <[EMAIL PROTECTED]> > > > My understanding is that this was the very first time Ellison had ever sold > > Oracle stock, in over 25 years of the company's existence, in 2000, which is > > the occasion that McCain (and you) are referring to. As you might be aware, > > there was a far greater "opportunity" for Ellison to "cash out" and leave > > Oracle dangling in 1990, when the price dropped from around $20 to $6 almost > > overnight after some financial-earning restatements. On that occasion, he > > would certainly have had prior knowledge of what was going to happen, to put > > it mildly. In 2000, any foreknowledge of a long-term downturn (26 months > > and counting?) would have been worth far more than $700m, especially to > > someone holding several billions in equities... > > > > ----- Original Message ----- > > To: "Multiple recipients of list ORACLE-L" <[EMAIL PROTECTED]> > > Sent: Sunday, July 14, 2002 10:13 PM > > unix > > > > > > > Speaking of herds, or at least what is left behind on > > > the ground after they pass: > > > > > > on "Meet the Press" (TV program), Senator John McCain > > > said that Larry Ellison cashed out $700,000,000 of his > > > Oracle stocks just before they lost most of their > > > value (sarcasm: I'm sure he is planning on plowing it > > > back into the company, especially improving quality in > > > OWS and Metalink). > > .. > > -- Please see the official ORACLE-L FAQ: http://www.orafaq.com -- Author: Tim Gorman INET: [EMAIL PROTECTED] Fat City Network Services -- (858) 538-5051 FAX: (858) 538-5051 San Diego, California -- Public Internet access / Mailing Lists -------------------------------------------------------------------- To REMOVE yourself from this mailing list, send an E-Mail message to: [EMAIL PROTECTED] (note EXACT spelling of 'ListGuru') and in the message BODY, include a line containing: UNSUB ORACLE-L (or the name of mailing list you want to be removed from). You may also send the HELP command for other information (like subscribing). -- Please see the official ORACLE-L FAQ: http://www.orafaq.com -- Author: Johnson, Michael INET: [EMAIL PROTECTED] Fat City Network Services -- (858) 538-5051 FAX: (858) 538-5051 San Diego, California -- Public Internet access / Mailing Lists -------------------------------------------------------------------- To REMOVE yourself from this mailing list, send an E-Mail message to: [EMAIL PROTECTED] (note EXACT spelling of 'ListGuru') and in the message BODY, include a line containing: UNSUB ORACLE-L (or the name of mailing list you want to be removed from). You may also send the HELP command for other information (like subscribing).
