Oracle CEO Ellison's pay drops 18 pct to $78.4M

Sep 21, 2013

The value of Oracle founder and CEO Larry Ellison's pay package dropped 18 percent in fiscal 2013, to $78.4 million, after the company missed its internal financial targets and he declined his annual cash bonus.

That's according to a securities filing made Friday and reviewed by The Associated Press.

Ellison is one of the highest-paid executives in the country.

The biggest chunk of compensation came in the form of stock options, valued at $76.9 million when they were issued. Ellison, 69, also received about $1.5 million worth of benefits. His is $1.

He voluntarily declined a cash bonus that would have come to about $1.2 million.

The AP's calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.

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User comments : 1

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Lurker2358
2 / 5 (4) Sep 21, 2013
Why does he get so much even though the company isn't making money?

78 million is too much for anybody, stock options or salary, doesn't matter.

Maybe these companies should just experiment with no CEO at all.

Quit paying people these ludicrous salaries and stock option BS, and give the real employees a raise.

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