Larry Ellison needs to rein it in

At the bottom of a document that detailed Ellison's 2000 debt load, Simon had scrawled a rough accounting of Ellison's lavish spending, according to deposition testimony:

"1) Life Style -- annual $20m

2) Interest Accrual -- annual $75m

3) Villa in Japan -- $25m

4) New Yacht -- $194m -- over 3 yrs

5) America's Cup -- $80m -- over 3 yrs

6) UAD -- 12m over 3 yrs."

It's not clear what UAD refers to. Since this rough budget, Ellison has reportedly spent $200 million building a Japanese-style estate in Woodside, which includes a reproduction of a 17th-century Kyoto teahouse. He has also bought multiple properties in Malibu -- $180 million worth, by one report.

Does "Life Style" = Hookers and blow?

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