|Bloomberg photo via WSJ.|
This week it became public that Oracle co-founder Larry Ellison will buy 98% of the Island of Lanai from Castle & Cooke. (This is another example of life imitating art: one of the purported bidders for the 25,000 undeveloped acres on Kauai in The Descendants was a Silicon Valley billionaire.)
At this point no one is revealing what Mr. Ellison intends to do with his purchase. He has a history of buying and kickstarting underperforming companies (Peoplesoft, Sun, Siebel) into valuable assets of the Oracle group.
3,500 people on a sleepy island shouldn't provide an obstacle to Mr. Ellison's ambitions...whatever they are.