An international jury on Monday began hearings into what could be one of the biggest scandals in the 162-year history of the America’s Cup.
Skipper Max Sirena of Italy’s Luna Rossa is the latest America’s Cup competitor to accuse defending champion Oracle Team USA of cheating in what potentially could be one of the biggest scandals in the regatta’s 162-year history.
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.”
The head of America’s Cup challenger Emirates Team New Zealand has accused defending champion Oracle Team USA of cheating in the latest controversy in sailing’s premier regatta. “You can’t actually get to any other point than the fact they were cheating,” he said.
Larry Ellison, America’s third richest man and the CEO of Bay Area tech giant Oracle, took aim at Google in a wide-ranging interview with CBS News, calling out Google CEO Larry Page “specifically” for overseeing Google’s decision to “take our [Oracle's] stuff.”
Oracle CEO Larry Ellison said the National Security Agency’s surveillance program is “absolutely essential” in the war against terrorism.
Oracle Team USA, the defending America’s Cup champion, is being investigated by the regatta’s International Jury for alleged illegal modifications the team made to its boats during exhibition races in 2012 and earlier this year.
America’s Cup champion Oracle Team USA forfeited its overall championships from the first two seasons of the America’s Cup World Series on Thursday after it was determined that its yachts were modified without the permission of the Measurement Committee.
Many people might think of the America’s Cup sailing race as NASCAR on the water, but it’s clear who these races are geared to. The sails are big billboards for sponsors.
Tesla will be joining the Nasdaq-100 Index on Monday as software maker Oracle Corp. heads to the New York Stock Exchange.