| The point isn't about whether he should let the options expire - of course he shouldn't. The point is about accuracy in discussing Oracle's corporate governance. You specifically claimed "Larry has a Blind Trust that sells his stock as they see best fit without his influence." The SEC filings directly contradict this: 1. This is a Revocable Trust, and while technically a blind trust can be revocable, the filings show this trust is actively managed with Ellison's involvement: - The transactions were specifically timed around options expiration - The sales were carefully structured in declining price blocks - The trust uses Ellison's authority as Officer/10% Owner - Forms are signed by his Attorney 2. These weren't discretionary sales by trustees "as they see best fit" - they were planned options exercises with a clear purpose and strategy. I don't have an axe to grind. I'm just correcting a mischaracterization about how Larry manages his Oracle holdings. Accuracy matters when discussing corporate governance and SEC filings, especially for a company as significant as Oracle. If this were a true blind trust they would've exercised the options at $40.47, immediately sell at market (~$143), and net ~$100 profit per share. Instead they did price stepping, and used Larry's Officer status under the pretense of independence. |