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Larry Ellison

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27 Sep, 2022

Twitter lawyers: Musk destroyed Andreessen evidence

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Twitter’s lawyers have accused Musk of destruction of evidence, citing a screenshot of a conversation between Musk and venture capitalist Marc Andreessen on Signal, a messaging app that includes a feature that deletes messages after some time.

Musk deleted these messages because he anticipated litigation and he knew that they would undermine his counterclaims and defenses.

The same court filing also showed that Musk exchanged multiple text messages with Oracle Corporation co-founder Larry Ellison, starting May 12 through 12:20 a.m. on May 13, which was just hours before he announced that he was pausing his attempt to acquire the social media company.

Twitter’s legal team has complained that despite a subpeona, the Tesla CEO has not really provided the relevant text messages between Musk and Ellison.

Both Ellison and Andreessen have backed Musk’s attempt to acquire Twitter. Andreessen’s VC firm, Andreessen Horowitz, backed Musk with $400 million, while Ellison was one of 19 investors who committed a whopping $7.14 billion for the potential acquisition.

25 Sep, 2014

New plans for Hawaiian island

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Ellison plans to create an “energy park” where solar panels and algae will  funnel energy into the electrical system.

23 Sep, 2014

Receives $67.3 Million Compensation

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To mark his departure as Oracle’s CEO, the company  gives Ellison at the end of his last year in that position  a  $67.3 million dollar compensation package,  which included the option to purchase 7 million shares of the company’s stock. Ellison also received a bonus of approximately $741,000, and $1.54 million in other compensation including costs for home security.