Larry Ellison and Russell Coutts got it right. The staid old America’s Cup can be an adrenaline rush.
For much of the finals, it seemed all but certain the next America’s Cup would be contested in New Zealand. After Oracle Team USA’s stunning comeback Wednesday, organizers declared the regatta a success.
Anywhere else on Earth, the chance to host a world-class event like the America’s Cup would have the civic leaders abuzz.
I can’t say I’m the biggest fan of Larry Ellison and Oracle, but they’re the ones who put a lot on the line. Ellison brought it to the city and it was even timed to line up with his annual Oracle World Conference. It could have been a really embarrassing loss for him, but things worked out.
Just a month ago, the America’s Cup “village” along San Francisco’s waterfront had few visitors. Then Oracle Team USA launched one of the greatest comebacks in the sport’s history. On Wednesday, tens of thousands lined up along the city’s waterfront to watch them retain the cup.
Oracle CEO Larry Ellison is so immersed in his boating team’s stirring comeback in the America’s Cup that he backed out of giving the marquee speech at his software company’s biggest customer conference of the year.
The value of Oracle Corp. founder and CEO Larry Ellison’s pay package dropped 18 percent in fiscal 2013, to $78.4 million, after the business software company missed its internal financial targets and he declined his annual cash bonus.
Nearly 20 years after beating Mr. America’s Cup himself, Dennis Conner, Team New Zealand is on course to scuttle software billionaire Larry Ellison’s hopes of keeping sailing’s biggest prize.
The America’s Cup Finals begin in San Francisco on Saturday, and city and team officials are hoping that the races themselves will finally take center stage rather than the tragedy and controversies that have overshadowed the regatta thus far.
The new, cutting-edge America’s Cup boats are not without criticism and Oracle’s Larry Ellison defends what some call risky engineering and sailing tactics, explaining, “It has to be a little bit risky.”