Analysis
The statement aligns with Ellison’s public record, including his 2011 *New Yorker* profile (by Ken Auletta) where he explicitly criticized corporate charity as misusing shareholder funds. Ellison has historically directed his philanthropy—such as medical research and education donations—through personal channels (e.g., the Ellison Medical Foundation), not Oracle’s corporate coffers. No credible evidence contradicts the attribution or sentiment of the quote, and it has been widely cited in major publications (e.g., *Forbes*, *Bloomberg*).
Background
Larry Ellison, co-founder of Oracle Corporation, has been a vocal critic of corporate social responsibility (CSR) programs, arguing they divert shareholder value. His stance contrasts with peers like Bill Gates, who used Microsoft’s resources for philanthropy before focusing on the Gates Foundation. Ellison’s personal wealth (ranked among the world’s richest) has funded his own charitable initiatives, reinforcing his distinction between corporate and individual giving.
Verdict summary
Larry Ellison’s 2011 quote in *The New Yorker* accurately reflects his long-stated opposition to corporate philanthropy in favor of personal giving.