Harvard loses $115m gift

Posted by Bhumika Ghimire Jun 29, 2006

Harvard president,Lawrence Summers who was close to Ellison resigned earlier this year after his controversial remarks on women in science. According to Timesonline.co.uk,""In light of Summers's resignation, Larry Ellison has decided to reconsider his decision," an Oracle official said. "There was never a formal agreement but it had been talked about." He added that Mr Ellison, 61, was expected to announce a different contribution in the coming weeks. Mr Ellison is ranked by Forbes magazine as the fifteenth-richest person in the world, with a fortune of $16 billion."