Court Rules Ellison Must Donate $100M to Charity

PokeyPenguin writes "As part of a settlement for insider trading allegations, a California judge has ordered that Larry Ellison donate $100 million to charity. CNet reports, 'The charity payments are an unusual way to settle such a case. Typically, settlement payments would go directly to the company, in this case Oracle. "But with Mr. Ellison owning a quarter of Oracle's stock, much of such a direct payment, in effect, would have gone to him."'"

Comments

Sure does!

[Inoshiro]

"This whole charity thing does not make sense."

It does when you consider that California is the only US state that seems to understand that it's a good idea to be as friendly to your neighbour as possible.

By removing the money from Larry (who is super rich, and an extreme outlier on an income histogram) and giving it to a charity (instead of other rich, white men who also own the company), the poor folks whe live below poverty, and other people who desperately need help, stand a chance to see some of it.

In the US to understand, the entire system of government is built up in favour of letting a few rich people run the country and play as tiny gods, while everyone else fights over the scraps. California is becoming enough to the left that they're almost like Alberta (Canada's far-right) in terms of their social setup!