Harvard has an endowment where, on just the interest, they could fully support the first year class and not charge them a dime . They need 115 million like you need 20 bucks.
Slice:Oh, I get it...Let's see. Ellison is in the Database business in a big way...so, he wants to support something that furthers his business...and sell it to all the types who might use his products once they graduate. Sounds like a solid business move. Maybe I should pick up some shares in ORCL sooner rather than later.
Oracle Corp. founder Larry Ellison is on the verge of giving Harvard University as much as $115 million, one of the biggest gifts in the Ivy League college's history, according to a published report and people familiar with the negotiations.
Ellison told The Chronicle last month that he was planning to make a "big announcement with Harvard" to create a database and journal to track improvements in world health.