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Oracle Buybacks Fuel Ellison's Wealth | Durham News
Oracle’s stock buybacks—dating back to 1992 and totaling $193 billion—have quietly turned founder Larry Ellison into one of the world’s richest men, with his Oracle stake alone worth $150 billion. The strategy, aimed at boosting earnings per share and funding executive bonuses, also benefits shareholders by concentrating ownership. After halting stock splits in 2000, Oracle ramped up buybacks post-2011, even as it began paying dividends in 2009. Ellison, rather than selling, uses his shares as collateral to borrow, preserving his massive stake and letting his ownership percentage soar—making…
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