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Hard Knock Life for Ellison, The Kids

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Likened to "a village in Imperial Japan," Oracle founder Larry Ellison's Rather Hideous Woodside estate was recently re-assessed at $70 million by San Mateo County officials (down from $173 million) after Ellison's legal counsel went to the mats over his property taxes. Daddy Larry will receive a $3 million refund on past payments, along with a $1.1 million reduction on this round. Cost to the San Mateo school district: $300,000. Annie, get your gun. [Valleywag]