The reddit post talks about putting "the asset" in a trust, but the article says Ellison personally owned shares of Oracle. That does not fit.
And most ultra-rich that own lots of shares of large publicly-traded corporations own them outright. So this seems suspicious I would say.
I mean I often see news about some CEO or other selling shares, and how this is announced in advance to not be insider trading. I have even seen sometimes the documents submitted to the SEC posted on the net. There are no trusts involved.
And most ultra-rich that own lots of shares of large publicly-traded corporations own them outright. So this seems suspicious I would say.
I mean I often see news about some CEO or other selling shares, and how this is announced in advance to not be insider trading. I have even seen sometimes the documents submitted to the SEC posted on the net. There are no trusts involved.