rich get richer
Larry Ellison’s having a hell of a year. First he wins the America’s Cup after two nasty years of litigation that forced a belligerent and intransigent Ernesto Bertarelli to the battlefield and a brilliant engineering and sailing program that humiliated him on the water as the courts had done on land. Then, in the midst of the worst economic period in decades, Ellison’s company just keeps rolling – Oracle’s stock reaching highs not seen since the ‘90s dot-com bubble. And just last week, the suit that Oracle filed against the software company founded by another sailor – Hasso Platner’s SAP (Morning Glory, 5O5s) – saw a jury verdict reached, with Oracle awarded over a BILLION dollars for willful infringement by SAP of Oracle’s software.
Whatever happens, we’re guessing the 34th America’s Cup won’t have much in the way of budgetary worries. But let’s hope sailing stays out of the courts for a while, hey?