General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNot surprised, but on Bloomberg it was mentioned that Larry Ellison of Oracle fame is a trump
Supporter.
Peter Thiel was a trump supporter in 2016, but is distancing himself from trump this time, not because he is a racist, sexist, and bigot, but because he thinks trump might lose
Elon Musk is coy about his support for trump, but he has said he is considering Kanye West
These specific billionaires, and much of Wall Street have no moral compass
vlyons
(10,252 posts)but that the greedy SOBs want to keep their tax cuts and corporate welfare going.
still_one
(92,242 posts)sexist, and bigot
JI7
(89,252 posts)uponit7771
(90,347 posts)get the red out
(13,467 posts)Just a $$$$$/power compas.
Neema
(1,151 posts)billionaire in the first place. After a few hundred million there's no way you or your children could possibly spend it all, so it's just hoarding after that. Sure, some of them are philanthropic, but nothing that really puts their vast fortunes at risk. I'd rather they just pay their fair share in taxes and pay their workers fairly, than donate what amounts to pocket change to pet causes.
crickets
(25,981 posts)LessAspin
(1,155 posts)With so much blatant corruption taking place in this regime this one flew in under the radar...
Link to tweet
No. Not under the Mackinac Bridge. Under the radar...
How Trump's favorite tech company could win TikTok
Between the lines: Typically, a company's relationship with the president would have little bearing on who prevails in competing M&A bids. But these are atypical times.
What's happening: Oracle has been holding talks with other investors on putting together a bid for TikTok, the Chinese-owned social video app that Trump intends to ban on national security grounds unless it's sold to an American company by next month.
Trump endorsed the idea of the deal this week, calling Oracle founder and Trump fundraiser Larry Ellison a "tremendous guy" and saying, "Oracle would be certainly somebody that could handle it."
The development pits Oracle against Microsoft, which is already engaged in talks with both Beijing-based TikTok owner ByteDance and the White House on a deal. Other tech companies including Twitter have also been rumored to be potentially interested.
The catch: The White House has an unusual amount of say in picking winners and losers in the competition for TikTok because of the mechanism for reviewing any proposed deal...
https://www.axios.com/how-trumps-favorite-tech-company-could-win-tiktok-7a42b950-e0a5-446d-b49e-21edd083d116.html
Link to tweet
LessAspin
(1,155 posts)Increasingly, Ellisons company is competing with the cloud computing wing of Amazon.com Inc., and he does it with zeal. Oracle funded an anti-Amazon group called the Free and Fair Markets Initiative to attack the rival. Oracle also worked desperately to derail Amazons bid for JEDI, a lucrative Defense Department cloud contract, going so far as to sue the federal government, alleging it illegally favored Amazon.
Now, Ellison is making friends with his enemys enemy, who happens to be the president of the United States. On Wednesday, Ellison will host a fundraiser for President Trump at his home in Rancho Mirage, Calif. Top contributors are expected to shell out $250,000 for a photo, a golf outing and a round-table discussion...
Is Ellisons interest in Trump inspired by their shared contempt for Bezos? Who knows? On the one hand, its not out of character for Ellison to raise money for Republicans. He backed Marco Rubio in 2016.
Then again, backing Trump is uniquely controversial. Recode called Ellison one of Silicon Valleys most eccentric and independent-minded leaders, observing that those traits might make him immune to blowback from Oracle workers. Silicon Valley workers in general have become more activist; in November 2018 Google employees walked out over the companys sexual harassment policies...
https://www.latimes.com/business/story/2020-02-15/larry-ellison-trump
https://www.democraticunderground.com/1016247710
JonAndKatePlusABird
(312 posts)One Rich Asshole Called Larry Ellison
bdjhawk
(420 posts)He retired and he and his wife lead the global high life off of their astronomical wealth from ORCL stock. They went to the fundraiser at the $250,000+ level. I have seen their photo with Rump (and, yes, Rumps hands look tiny next to this guys!!). My friend said her brother has been really squeezed by Ellison over the years to financially support other right wingers but most especially Rump in recent years.