Tech

Netanyahu reportedly offered lucrative Oracle board seat by Ellison

Ex-Israeli Prime Minister Benjamin Netanyahu has reportedly been provided a board seat at software program big Oracle — as firm 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 affix the corporate’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 lot of 1000’s of {dollars}, in addition to shares within the firm, which has a market capitalization of practically $240 billion. 

Benjamin Netanyahu
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 12 months, in keeping with Haaretz. 
Maya Alleruzzo/AP

Ellison — who Forbes estimates is the seventh-wealthiest particular person on the planet with a internet 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. 

Whereas 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 workplace didn’t instantly reply to requests for remark from The Submit. 

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

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

The 2 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 an effort to take the place, Netanyahu must resign from Israel’s legislative physique, the Knesset, as a result of members are barred from accepting outdoors funds. 

Oracle board members usually make $450,000 per 12 months, however some make as a lot as $800,000, Haaretz reported.  

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