MT-SEN, MT-GOV: Republicans made millions selling shares in this single tech giant
Montana Republicans Sen. Steve Daines and Rep. Greg Gianforte share a tight financial and legislative history with each other and with the tech giant Oracle that goes back years. That relationship has netted each of them several million dollars and made Gianforte one of the wealthiest members of Congress.
Both have also used their offices to support legislation and other initiatives for which Oracle spent significant time and money lobbying, and from which the company stood to gain financially — including through defense contracts.
Additionally, both are up for election this year: Daines is running for re-election to the Senate, in a tight race with current Montana Gov. Steve Bullock, while Gianforte is trying to move from the House — where he serves as the state’s lone representative — to the governor’s mansion.
Gianforte made his fortune from RightNow Technologies, a Bozeman-based tech company he co-founded with his wife in 1997, where Daines served as an executive for 12 years. In 2011, Gianforte sold the company to Oracle for $1.5 billion, at the time holding between 20% and 25% of the company’s stock, which was valued at between $300 million and $400 million, according to statements he made to the Billings Gazette.
https://www.rawstory.com/2020/09/republicans-made-millions-selling-shares-in-this-single-tech-giant-and-then-became-its-best-friends-in-dc/
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