Tag: ellison

Oracle’s Larry Ellison buys 70,000 Apple shares

Oracle chairman and CEO Lawrence Ellison, who resigned from Apple’s board of directors in September, exercised options and acquired 70,000 shares of Apple, reports Reuters. The options were exercised on November 18 and he acquired 60,000 common shares for US$11.50 each and 10,000 shares for $13.99 each, according to a Securities and Exchange Commission filing.

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Larry Ellison resigns as Apple Director

In a press release issued today, Apple announced that Lawrence J. Ellison, chairman and CEO of Oracle, is resigning from Apple’s Board of Directors. “I will continue to offer my advice to Steve and the executive management team at Apple, but my schedule does not currently allow me to attend enough of the formal board meetings to warrant a role as a director,” said Ellison in a statement.

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