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A comment on Oracle directors give blessing to shareholder lawsuit against Larry Ellison. Parent comment

Re:Oracle directors give blessing to shareholder lawsuit aga... by jchw on Thursday August 22, 2019 @10:54PM (#20774193)
4 billion dollars of 65 billion dollars is around ~6%. Now I'm not a stock guru but I'm betting for a fairly diversified portfolio a change of 6% is actually pretty big, and is something that is likely to happen over a fairly long period of time. As an arbitrary pick, it looks like the S&P 500 has moved +4.59% in the past 6 months.

>Also I assume most of the day to day handling is in the hands of an accountant and there's constant in and out of sums for paying his personal staff, buying supplies, paying maintenence of his Mig Jet or whatever goes on there.

I know nothing about Larry Ellison or this case, but somehow I doubt someone with $65B net worth is not paying attention to their account balances or their investment positions at all. You hire an accountant to take care of the things you don't want to or don't have time to do, but if you have that much money it is apparent that you care about how much money you have.

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Re:Oracle directors give blessing to shareholder lawsuit aga... by johannes1234321 on Friday August 23, 2019 @11:43AM (#20778747)
It is true that such an acquisition or loss of fortune would be noticed. But context of the discussion is "how much did he overpay the acquisition to put money in his pocket" So question is "Is it a difference he notices, if Oracle spent less on the acquisition?" - So if Oracle paid not 9.3, but 5B for PeopleSoft Larry got not 4, but a bit less of 2B for the deal for his account. At the same time the value of his Oracle stocks would be different (probably higher) thus the notable effect of the deal is small for Larry (but potentially bad for that sueing pension fund)
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