1. Articles from Julie Bort

    1-24 of 31 1 2 »
    1. The lawsuit Against Oracle's Larry Ellison and Safra Catz lists Some Eye-Popping Allegations Behind the $9.3 Billion NetSuite Deal

      The lawsuit Against Oracle's Larry Ellison and Safra Catz lists Some Eye-Popping Allegations Behind the $9.3 Billion NetSuite Deal
      • Oracle is in the middle of an interesting lawsuit in which its own board committee has given approval for a shareholder-initiated lawsuit to proceed on behalf of the company against its chairman Larry Ellison, CEO Safra Catz and other board members.
      • The suit alleges that Oracle's directors greatly overpaid when they crafted a deal to buy NetSuite for $9.3 billion in 2016.
      • NetSuite is a company that Ellison cofounded and controlled with about a 40% stake...
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    2. Oracle is Suing Larry Ellison and Safra Catz Over The $9 Billion NetSuite Deal, Thanks to Letter Written by Three Oracle Board Members

      Oracle is Suing Larry Ellison and Safra Catz Over The $9 Billion NetSuite Deal, Thanks to Letter Written by Three Oracle Board Members
      • A three-member committee of Oracle's board has written an extraordinary letter to a Delaware court.
      • The letter, dated August 15, grants permission for a shareholder-initiated lawsuit to proceed against Oracle founder and chairman Larry Ellison, as well as one of Oracle's co-CEOs, Safra Catz.
      • This is a "derivative lawsuit" meaning it was filed on behalf the company against the directors...
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      Mentions: NetSuite Oracle
    3. Top Oracle Execs Larry Ellison, Mark Hurd and Safra Catz Failed to Earn all of Their Annual Bonuses this Year

      Top Oracle Execs Larry Ellison, Mark Hurd and Safra Catz Failed to Earn all of Their Annual Bonuses this Year
      • For the second year in a row, Oracle's board has told investors that its trio of top execs — CEO Safra Catz, fellow CEO Mark Hurd, and CTO Larry Ellison — won't be getting their all of their bonuses.
      • The company says they didn't meet the business objectives, including specific cloud computing revenue targets.
      • And for the second year in a row, this loss of bonuses is a bit of a red herring...
      Read Full Article
    4. Jeff Bezos Blew off Amazon Employees' Proposal at the Shareholder's Meeting and they were Miffed: 'This is not the kind of leadership we need'

      Jeff Bezos Blew off Amazon Employees' Proposal at the Shareholder's Meeting and they were Miffed: 'This is not the kind of leadership we need'
      • Nearly 8,000 employees have signed an open letter asking Amazon to commit to become a climate-change leader instead of a climate change contributor.
      • They expected to present their ideas directly to their boss, CEO Jeff Bezos, at the company's annual shareholder's conference where he was scheduled to appear.
      • But Bezos didn't show up to listen to them.
      • Although 50 of them were in the room, the company also did not allow any of them to ask a question of him...
      Read Full Article
    5. Bill Gates is $9.5 Billion Richer Than He Was a Year Ago, Worth Over $100 Billion, But Not Just From Microsoft

      Bill Gates is $9.5 Billion Richer Than He Was a Year Ago, Worth Over $100 Billion, But Not Just From Microsoft
      • Bill Gates is one of the world's biggest philanthropists who has given away billions of dollars of his money.

      • That's why so many people think that Gates' personal wealth is shrinking as he gives his money away.

      • But it isn't. Gates is astoundingly rich and getting richer all the time.

      • And he just joined a two-man club of people worth more than $100 billion...

      Read Full Article
    6. Read the Email the Oracle Executive Once Rumored to Be The Next CEO Emailed the Company to Announce his 'extended' leave of Absence

      Read the Email the Oracle Executive Once Rumored to Be The Next CEO Emailed the Company to Announce his 'extended' leave of Absence
      • Top Oracle exec in charge of building its all-important cloud, Thomas Kurian, is taking a leave of absence.
      • Business Insider has obtained his email.
      • The email is written in a way that hints this maybe a permanent good-bye, although a spokesperson tells us that Kurian is expected to return after an unspecified time off...
      Read Full Article
    7. Michael Dell will be the CEO of a Public Company Once Again, but it Means Giving up his Power to Never be Fired

      Michael Dell will be the CEO of a Public Company Once Again, but it Means Giving up his Power to Never be Fired
      • Michael Dell will once again be running a public company, thanks to a new financing deal with VMware.
      • As part of that deal, the billionaire CEO has given up something interesting: His ability to veto his own removal as CEO.
      • He's still basically impossible to remove as CEO, though, with 66% voting power over Dell...
      Read Full Article
      Mentions: IPO Dell VMware
    8. Benchmark Has Dropped its Lawsuit Against Travis Kalanick and Can Never Sue Him Over this Issue Again

      Benchmark Has Dropped its Lawsuit Against Travis Kalanick and Can Never Sue Him Over this Issue Again

      Benchmark officially dropped its lawsuit against Travis Kalanick on Thursday.

      • Dropping this suit was part of the deal that sold 15% of Uber to SoftBank.
      • The suit was dropped "with prejudice" meaning that Benchmark can never decide to sue Kalanick over this issue again.
      • It's a relatively happy ending between the two estranged Uber board members...
      Read Full Article
      Mentions: Uber SoftBank lawsuit
    9. Former Uber CEO Travis Kalanick Just Became an Actual Billionaire with $1.4 Billion in Cash, and he Plans to Start Giving it Away

      Former Uber CEO Travis Kalanick Just Became an Actual Billionaire with $1.4 Billion in Cash, and he Plans to Start Giving it Away
      • It's been a good day for the former Uber CEO Travis Kalanick.
      • A deal with perhaps the most powerful investor in tech, one that had been in the works for months, closed on Thursday.
      • That deal dropped a cool $1.4 billion in cash into Kalanick's pocket and will soon end a contentious lawsuit with his biggest investor, Benchmark.
      • Kalanick's first order of business is setting up a charitable foundation and donating a big chunk of his money to it, Business Insider has learned...
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      Mentions: Uber SoftBank lawsuit
    10. Apple Didn't Know That Activist Investors Wanted it it Take on Child Safety

      Apple Didn't Know That Activist Investors Wanted it it Take on Child Safety
      • Apple didn't know that two of its biggest investors, Jana Partners and the California State Teachers’ Retirement System, wanted it to take a bigger role in children safety.
      • Apple was given a heads-up call shortly before the investors publicly released a letter calling for changes, but the letter wasn't the result of previous talks or suggestions made privately to Apple...
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    11. Benchmark Sold off $900 Million of its Uber Stock But Wanted to Sell More

      Benchmark Sold off $900 Million of its Uber Stock But Wanted to Sell More

       

      • Benchmark is selling nearly 15% of its stake in Uber to Softbank for about $900 million.
      • The deal is part of Softbank's effort to build up a big stake in ride-hailing giant Uber, by buying shares from existing shareholders and from Uber itself.
      • Softbank offered to buy shares from existing shareholders at a steep discount to Uber's most recent private valuation.  Even so, shareholders offered to sell Softbank more shares than it wanted to buy, including Benchmark....
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      Mentions: Uber Japan SoftBank
    12. BREAKING NEWS: Meg Whitman is Stepping Down from the CEO Job at Hewlett Packard Enterprise

      BREAKING NEWS:  Meg Whitman is Stepping Down from the CEO Job at Hewlett Packard Enterprise

      Hewlett Packard Enterprise announced on Tuesday that CEO Meg Whitman will resign effective February 1, 2018. She will remain on the board of directors.

      She is being replaced by Antonio Neri, current President of HPE.

      Whitman has taken HPE through some drastic changes since she joined as the CEO in 2011 of what was previously known as Hewlett-Packard. She's conducted layoffs that sliced tens of thousands of employees from HPE, with more layoffs expected to come...

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    13. Uber investor Shervin Pishevar has filed a Lawsuit over an Alleged 'Smear Campaign' Against Him

      Uber investor Shervin Pishevar has filed a Lawsuit over an Alleged 'Smear Campaign' Against Him
      • Venture capitalist Shervin Pishevar is suing a GOP political opposition research group that he alleges was conducting a smear campaign against him.
      • The suit claims that the company, Definers Public Affairs, has been calling up reporters and spreading lies about him such as that he's a Russian agent or that he's made a payoff to settle a sexual assault claim...
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      Mentions: Uber SoftBank lawsuit
    14. An Activist Investor Praises Apple, and Slams Google, Over Equal Pay for Women Transparency

      An Activist Investor Praises Apple, and Slams Google, Over Equal Pay for Women Transparency

      Activist investor Natasha Lamb is calling on Alphabet, parent company of Google, to quit stalling and to release comprehensive data on how pay for women and men compare. On Wednesday she sent a letter to Alphabet's board demanding more information. Activist investor Natasha Lamb, managing partner for Arjuna Capital, is once again calling on Google to share information on if it pays women equally to men.

      On Wednesday, she sent a letter to the company's board with a long list of questions...

      Read Full Article
    15. Meg Whitman is at the Center of Uber's Boardroom Battle (HPE)

      Meg Whitman is at the Center of Uber's Boardroom Battle (HPE)

      It looks like the battle over hiring Meg Whitman as the next CEO of Uber isn't entirely over.

      Early investor Benchmark sued Kalanick earlier this month, accusing him of undermining the CEO search.

      Now, another Uber investor is firing back at Benchmark, charging that it's the venture capital firm that's undermining the company and that it remains determined to get its own favorite candidate, Whitman, into the CEO seat...

      Read Full Article
      Mentions: Delaware Uber Apple
    16. The VC Firm Suing Travis Kalanick is trying to block other Uber investors from selling their Shares

      The VC Firm Suing Travis Kalanick is trying to block other Uber investors from selling their Shares

      One of Uber's earliest investors is reportedly trying to block other shareholders from selling their shares, reports CNBC, citing sources who seemed less than thrilled with this development.

      Trying to block such a sale could be a violation of a board member's fiduciary responsibilities, the people who talked to CNBC said...

      Read Full Article
    17. A Controversial Ex-Banker is the Person who Really Runs Twitter — and He's Gambling the Company's Future on One Risky Bet (TWTR)

      A Controversial Ex-Banker is the Person who Really Runs Twitter — and He's Gambling the Company's Future on One Risky Bet (TWTR)

      Asa Mathat for Vox Media

      • Anthony Noto, COO of Twitter, and former Goldman Sachs banker, is leading the company through challenging times.
      • He's betting the company on a risky strategy: to turn the social network, famous for celebrity feuds, trolls and Donald Trump, into a destination for live video — from sports to financial news to political debates.
      Read Full Article
    18. Why Google Really Spent $625 Million on a Company Generating $92 Million in Revenue

      Why Google Really Spent $625 Million on a Company Generating $92 Million in Revenue

      Google cloud boss Diane Greene Google’s $625 million acquisition of Apigee announced in September hasn’t closed yet, but should be done after Apigee’s November 8 stockholder meeting, someone familiar with the matter told Business Insider. That will be a relief to Apigee employees, whose morale was pretty low when the company went public in 2015 ...

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    19. One of Cisco's Star Engineers Defends the Unusual Way Cisco Paid Him (CSCO)

      One of Cisco's Star Engineers Defends the Unusual Way Cisco Paid Him (CSCO)

      There's still a lot of rumor and speculation as to what exactly went down between Cisco CEO Chuck Robbins and one of its long-time star engineers who recently resigned, Mario Mazzola.  After agreeing to move out of an operational role and become an advisor to the company, Mazzola instead publicly quit, and was joined by his top team of two other star engineers, Luca Cafiero, Prem Jain, and their top marketing exec, Soni Jiandani, who also quit Cisco in solidarity...

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      Mentions: stock options CEO
    20. Google Paid Board Member Diane Greene $149 Million to Buy her Company and She's Donating it all to Charity

      Google Paid Board Member Diane Greene $149 Million to Buy her Company and She's Donating it all to Charity

      AP Google's parent company Alphabet just revealed that it paid $380 million to buy a stealth startup called Bebop Technologies founded by Google board member Diane Greene. Her take was 200,729 shares of Alphabet Class C stock at $740.39 each. That's a cool $148.6 million, a sizeable haul for Greene. However, Alphabet says that Greene is not keeping the cash. She intends to donate the money to ...

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      Mentions: CEO
    21. Amazon Could Cut Prices and Launch a Super-Fast Database to Take on Oracle and SAP Next Week

      Amazon Could Cut Prices and Launch a Super-Fast Database to Take on Oracle and SAP Next Week

      Amazon is hosting its annual AWS re:Invent tech conference next week in Las Vegas, where it talks to customers about its popular Amazon Web Services cloud computing service.  There's one rumored new product that could be announced: a new super-fast "in-memory" database.  At least that's what Merrill Lynch's Justin Post thinks...

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      Mentions: CEO
    22. Cisco is Paying its New CEO Over $14 Million Plus Bonuses

      Cisco is Paying its New CEO Over $14 Million Plus Bonuses

      Cisco will be paying its new CEO Chuck Robbins a respectable, but not astronomical, wage by today's executive compensation standards: A base salary of $1,150,000, a potential bonus of 225% (almost $2.6 million) and $13 million worth of stock — mostly in performance-based restricted stock units, according to documents filed with the SEC .  In comparison, Microsoft (a bigger company than Cisco in ...

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    1-24 of 31 1 2 »
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