Comment on Stephen Colbert Reveals ‘Star Trek: Starfleet Academy’ Role As Paramount+ Sets Premiere Date — NYCC

• panda_abyss@lemmy.ca ⁨1⁩ ⁨day⁩ ago

  His son now owns Paramount now, but Larry can actually control every aspect

  no single shareholder can outvote David, but it also means that he needs his father to approve everything from budgets to key investments

  forbes.com/…/how-worlds-second-richest-person-lar…

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  • trolololol@lemmy.world ⁨21⁩ ⁨hours⁩ ago

    Oh one of those cases that someone rich gives a “gift” to their family.

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    • StillPaisleyCat@startrek.website ⁨3⁩ ⁨hours⁩ ago

      It seems more that Larry Ellison is giving his adult children amounts of money to invest to learn how to run businesses.

      Amounts that for most others would be an inheritance in themselves are less than a year’s interest on Larry’s overall fortune.

      David and his sister both started out with a certain amount.

      His sister’s firm got into financial difficulties so Larry appointed a co head and hasn’t invested more.

      David made his investment in creating Skydance profitable and so his father is investing more.

      It’s a better solution than Trump taking his cut of the inheritance and bankrupting it, and then getting full control and bankrupting again.

      That’s not to say even so that Larry isn’t taking advantage of the CBS part of the purchase to reshape its news to his own vision.

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    • ICastFist@programming.dev ⁨2⁩ ⁨hours⁩ ago

      No no, it’s totally meritocracy, see, his son worked real hard for that!

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