Tuesday, January 8, 2013

Larry Ellison's Sailing Team Gets Caught Spying - Pay $15,000 Fine

Larry Ellison's Oracle Team has been found guilty of spying on the Italian team by an international jury of sailing experts, reports Julia Prodis Sulek at the Mercury News.

The penalty shouldn't hurt too much: they have to give up five days of practice and pay a $15,000 fine. That couch change for billionaire Ellison, one of the world's richest men with a net worth of about $41 billion, according to Bloomberg Billionaires Index.  (more)