Wednesday, February 01, 2006

Inside look at a billionaire's budget / Larry Ellison's spending worries his accountant

Inside look at a billionaire's budget / Larry Ellison's spending worries his accountant: "In the e-mails, which stem from a recent shareholder lawsuit against the technology titan, Ellison's accountant, Philip Simon, warns the billionaire about his habitual runaway spending. Like a concerned parent, Simon chides Ellison for overextending himself on a new yacht, on his America's Cup team and on his new houses in Woodside and Malibu.
'I'm worried, Larry ...' Simon wrote to Ellison in a 2002 e-mail. 'I think it's imperative that we start to budget and plan.' "