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Oracle CEO Ellison buys Hawaiian island
 
Will $3 a day help the homeless of Hawaii?
Will $3 a day help the homeless of Hawaii?
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Larry Ellison, the billionaire CEO of Oracle Corp., has agreed to buy 98 percent of Hawaii's sixth-largest island, Lanai. The price was not disclosed, but is reportedly in the "hundreds of millions of dollars." Lanai covers 141 square miles, is accessible by helicopter and small plane, has no stoplights but two resorts, and is home to more than 3,200 people, including its current owner, fellow billionaire David Murdock. "I believe that Larry Ellison will bring a new and fresh perspective to the island and its people," says Murdock. The sale still has to be approved by Hawaii's Public Utilities Commission.

 

 

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