More soon, but the software giant Oracle will bail out Mr. Allin’s little misadventure, it seems.
And that’s good news for all the long-suffering employees, and shareholders.
Ironically, though, the stock is still trading at around 33 per cent below where it was on Mr. Allin’s over $8 million payday, as he unloaded shares, after taking it public in the fall of 2013.
Not quite sure why they didn’t just make it $666 million. That would seem fitting.