C
Cut-Throat
Guest
JUst saw a story on the news about Larry Ellison of Oracle being warned about spending too much money by his accountants. His Net worth in Oracle is Worth 17 Billion. They said he was burning up cash at the rate of $55,000 per day.
My calculations say that is only about $20 Million a year. A little more than a Tenth of a Percentage point for a SWR. A 4% number would be $680 Million a year!
My quick calculations may be wrong or the accountants just freak when they see this much money spent!
My calculations say that is only about $20 Million a year. A little more than a Tenth of a Percentage point for a SWR. A 4% number would be $680 Million a year!
My quick calculations may be wrong or the accountants just freak when they see this much money spent!