In Silicon Valley, You Can Be Worth Billions and It’s Not Enough [The New York Times]
Oracle Corporation (ORCL)
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Source: The New York Times
Andreas Bechtolsheim doesn’t like to waste time. The entrepreneur made one of the most celebrated investments in the history of Silicon Valley — the initial $100,000 that bankrolleda search engine called GoogleTwenty one years later, Mr. Bechtolsheim may have seized a different kind of opportunity. He got a phone call about the imminent sale of a tech company and allegedly traded on the confidential information, according to charges filed by the Securities and Exchange Commission. The profit for a few minutes of work: $415,726.The history of Silicon Valley is full of big bets and abrupt downfalls, but rarely has anyone traded his reputation for seemingly so little reward. For Mr. Bechtolsheim, $415,726 was equivalent to a quarter rolling behind the couch. He was rankedNo. 124 on the Bloomberg Billionaires Index last week,Last month, Mr. Bechtolsheim, 68,settled the insider trading chargesNothing in his background seems to have brought him to this troubling point. Mr. Bechtolsheim was
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ORCL
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- 5/3/24 - Form 144
- 5/2/24 - Form 4
- 5/1/24 - Form 144
- ORCL's page on the SEC website