Oracle Corp. CEO Larry Ellison has decided not to give Harvard University a planned gift of $115 million, a company spokesman said Tuesday.

Ellison canceled the gift because Lawrence H. Summers stepped down as Harvard's president this month after a stormy tenure at the university, Oracle spokesman Bob Wynne said.

"It was really Larry Summers' brainchild and once it looked like Larry Summers was leaving, Larry Ellison reconsidered," Wynne said...

Ellison's promise to Harvard last year created a sensation throughout the philanthropic community because it would have been the school's largest single contribution. The gift would have created a global health foundation named after Ellison.