Oracle CEO Larry Ellison advised to buy Giants, re-sign Bonds | TahoeDailyTribune.com
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Oracle CEO Larry Ellison advised to buy Giants, re-sign Bonds

REDWOOD SHORES, Calif. (AP) – Oracle Corp. CEO Larry Ellison solicited shareholders’ opinions and got some advice straight out of left field – an investor urged him to buy the San Francisco Giants and re-sign home run king Barry Bonds.

The recommendation, made during Oracle’s annual shareholders meeting held Monday just a few miles south of San Francisco, drew a smile from Ellison, one of the world’s richest men with an estimated personal fortune of $21.9 billion.

The shareholder suggested the flamboyant executive buy the baseball franchise, change the team’s name to the Oracle Giants and sign Bonds along with several other power hitters so the slugger won’t be walked so much next season.



Bonds, who is eligible for free agency, set single-season records with 73 home runs and 177 walks. With more stars surrounding him, the shareholder reasoned, Bonds could hit 90 to 100 home runs next season and provide invaluable publicity for Oracle, whose stock has plunged by 50 percent so far this year.

The Giants are worth $333 million, according to Forbes magazine. Bonds is expected to demand a contract paying him at least $20 million a year.



On The Net:

Webcast of Oracle’s annual meeting: http://www.oracle.com/corporate/investor-relations/index.html?conten t.html


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