Business

Netanyahu reportedly offered lucrative Oracle board seat by Ellison

Ex-Israeli Prime Minister Benjamin Netanyahu has reportedly been offered a board seat at software big Oracle — as company founder Larry Ellison prepares to testify as a witness for the prosecution in one among Netanyahu’s upcoming corruption instances.

Ellison, one among Silicon Valley’s most outspoken supporters of Israel, personally requested the ex-prime minister to hitch the company’s board, Israeli newspaper Haaretz reported on Tuesday.

Netanyahu denied the report; an Oracle spokesman declined to reply, in keeping with Haaretz. 



The Oracle gig would reportedly include an annual wage price a whole bunch of hundreds of {dollars}, in addition to shares within the company, which has a market capitalization of almost $240 billion. 

Former Israeli Prime Minister Benjamin Netanyahu denied the report that he’s taking an Oracle board seat — a gig that reportedly pays from $450,000 to $800,000 a year, in keeping with Haaretz. 
Maya Alleruzzo/AP

Ellison — who Forbes estimates is the seventh-wealthiest individual on the planet with a web price of $113 billion — is predicted to testify in a legal corruption case towards Netanyahu centering on allegations that the ex-prime minister tried to purchase favorable media protection by passing laws favorable to an Israeli media mogul named Arnon Mozes, in keeping with Haaretz. 

While serving as prime minister, Netanyahu unsuccessfully tried to persuade Ellison to purchase up or set up Israeli media properties, the paper reported. 

Oracle and Netanyahu’s office didn’t instantly reply to requests for remark from The Post. 

Larry Ellison gestures while speaking
Ellison is predicted to testify in a legal corruption case towards Netanyahu.
Justin Sullivan/Getty Images

Netanyahu and Ellison vacationed collectively this August on Lanai, the Oracle founder’s personal Hawaiian island, in keeping with Haaretz. 

The two additionally held a sequence of calls previous to the Hawaii journey the place they mentioned Netanyahu becoming a member of the board, the newspaper reported, citing nameless sources. 

In order to take the position, Netanyahu must resign from Israel’s legislative physique, the Knesset, as a result of members are barred from accepting outdoors funds. 

Oracle board members sometimes make $450,000 per year, however some make as a lot as $800,000, Haaretz reported.  


Back to top button