This is completely ridiculous and needs to be stopped.

Ouch. This does not paint Larry Ellison in a very good light. I agree with Aaron Peskin in this article. The city was bamboozled!

What’s ruining the America’s Cup? Therese Poletti's Tech Tales

MarketWatch
By Therese Poletti, MarketWatch SAN FRANCISCO (MarketWatch) — In February 2010, a jubilant Larry Ellison and San Francisco Mayor Gavin Newsom stood together at City Hall to celebrate Ellison’s team winning the coveted America’s Cup, the oldest trophy in sailing. Ellison, co-founder and chief executive of Oracle Corp. …Read More