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Territory Ceded

If you want to take a beautiful vacation but definitely don't want to run into billionaire Larry Ellison, maybe try Lanai, the Hawaiian island he recently purchased: Like a lot of omnipotent forces, Ellison has remained mostly invisible. He has visited Lanai many times — locals told me they can tell he’s on the island when they see his yacht hitched in the harbor — but he seems determined to keep a formal distance from the community, shielding himself behind the executive team of Pulama Lanai, the management company he set up to oversee the island’s transformation. Although Pulama holds frequent public meetings on Lanai, Ellison has declined to [...]


Discount Store Actually Quite Expensive

"Monday morning Dollar General announced a bid to acquire competitor Family Dollar Stores for $9.7 billion, or $78.50 per share. The proposal includes a $2.26 per share premium over Family Dollar’s closing price on Friday. More significantly the offer is $4 higher per share than the $8.5 billion merger deal with Dollar Tree Family Dollar agreed to last month."