Word: ellisons
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...JOSE, Calif.—Oracle Corp. Chief Executive Officer Lawrence J. Ellison rescinded a year-old pledge to donate $115 million to Harvard on Wednesday, saying that he had lost confidence in the University’s ability to spend the money now that University President Lawrence H. Summers has resigned...
...donation, which was set to fund the creation of the Ellison Institute for World Health, would have been the largest in Harvard’s history...
...Larry Ellison had an agreement with Larry Summers. Larry Summers’ departure from Harvard has changed that agreement,” said Bob Wynne, a spokesman for Oracle...
...several individuals familiar with the negotiations between Summers and Ellison said that the billionaire technology tycoon had apparently lost interest in the gift months before Summers’ February announcement that he would resign...
According to two people close to Mass. Hall, Summers had been attempting to persuade Ellison to put the gift on paper for more than a year. The University had been in talks with Ellison even before Summers assumed the presidency in 2001, the sources said, but it was not until Summers came into office that donation plans began to cement...