Larry Ellison, the founder of Oracle, plans to donate 95% of his $393 billion fortune
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Maybe LE will er--t a 1000 foot tall status of himself on Lanai that at the top of the hour will bellow "Remember me!"
This is just a way to avoid paying taxes and most likely will fund his kids businesses and investments. Clearly too greedy to increase Oracle salaries or offer everyone shares in the company.
Kinda gives you the warm-fuzzies, doesn't it?
If you think that he'll donate it to a homeless shelter or something, you're very wrong, it does not work that way.
He'll donate it to charity ran by his children.
He must see the end approaching.
You understand, this is a tax strategy.
Like Bill Gates and his charities. It just becomes a tax avoidance way to fund a charity that does his bidding.
How about starting by donating 5 years pay to all his layoff victims?