That's what it costs Larry Ellison -- boss of the Oracle software company, and buddies with Steve Jobs -- just to get by, according to a series of emails released by San Mateo County Superior Court Judge John Schwartz and picked up by The San Francisco Chronicle.
"In the e-mails, which stem from a recent shareholder lawsuit against the technology titan, Ellison's accountant, Philip Simon, warns the billionaire about his habitual runaway spending," the story says. "Ellison habitually pushes his credit limit of more than a billion dollars to its maximum to finance his yachts and homes." It even has Simon's rough list:
1) Life Style -- annual $20m 2) Interest Accrual -- annual $75m 3) Villa in Japan -- $25m 4) New Yacht -- $194m -- over 3 yrs 5) America's Cup -- $80m -- over 3 yrs 6) UAD -- $12m over 3 yrs."
It's not clear what UAD refers to. Since this rough budget, Ellison has reportedly spent $200 million building a Japanese-style estate in Woodside, which includes a reproduction of a 17th-century Kyoto teahouse. He has also bought multiple properties in Malibu -- $180 million worth, by one report.
Comment: Come on, guys, UAD is only $4 million a year. Don't sweat the small stuff.....
See the original version at the SFGate.com site
