Tag: Equity (finance)

BusinessTechnology

Oracle Stock Decline Erases $24 Billion From Larry Ellison’s Fortune Amid Cloud Spending Questions

Larry Ellison’s fortune reportedly decreased by approximately $24 billion following Oracle’s stock decline, according to analyst reports. The drop comes amid questions about the company’s capital expenditure plans despite continued optimism about cloud infrastructure growth. Ellison remains the world’s second-wealthiest person with an estimated $350.6 billion net worth.

Oracle Shares Slide Impacts Founder’s Wealth

Larry Ellison’s substantial net worth reportedly decreased by approximately $24.1 billion following a recent decline in Oracle Corporation shares, according to financial analysts. The technology billionaire, who holds about 41% equity in the company he co-founded, saw his fortune drop to an estimated $350.6 billion, sources indicate.

by Darren Holt
Business

Goldman Sachs Loses Veteran Credit Strategist Karoui in Senior Research Departure

Goldman Sachs’s chief credit strategist Lotfi Karoui has exited the firm after nearly two decades, according to reports. The departure comes as the bank’s US equity strategist David Kostin also prepares to leave, signaling significant changes in Goldman’s research leadership.

Senior Research Leadership Transition at Goldman Sachs

Goldman Sachs’s chief credit strategist Lotfi Karoui has departed the firm after 18 years, according to reports confirmed by the bank. Karoui, who also served as head of credit, mortgages and structured products research, was named chief credit strategist in 2017 and was among the executives promoted to partnership in November.

by Darren Holt