Ellison reverses $115 million Harvard donation
Oracle chief backs out, saying Larry Summers' participation was critical and that new donation is in works.
Oracle spokesman Bob Wynne said Ellison reconsidered his decision to fund a program at Harvard to study the quality of governmental health care problems worldwide because Summers' participation was critical.
Harvard officials were not immediately available for comment.
"In light of Summers' resignation, Larry Ellison has decided to reconsider his decision," Wynne said. "There was never a formal agreement, but it had been talked about."
Instead, Ellison will announce a different contribution within the next several weeks, though Wynne said he did not have details about the size of the donation or the recipient.
Oracle also said earlier this week that Ellison would give $100 million to the Ellison Medical Foundation as part of a settlement to a shareholder lawsuit charging him with insider trading.