Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 01 November 2013 11:46

Larry Ellison is paid too much

Written by Nick Farrell



Shareholders revolting

A majority of shareholders are furious that Oracle Chief Executive Larry Ellison wants to be paid so much. In a non-binding vote the shareholders said that the world's third-richest man makes too much as his company struggles against smaller rivals.

Larry will probably shrug off the complaints. The vote against his executive compensation policy adds to a similar defeat at last year's meeting. It requires no changes from the company, it underscores concern among shareholders about high pay in the face of lackluster financial performance. Ellison owns about 25 percent of Oracle and probably can tell everyone to go forth and multiply.

More than 1 billion votes were cast in favor of Oracle's executive compensation and more than 2 billion were against. Oracle said figures for the votes on board members were not yet available. This means that excluding Ellison's shares, close to 85 percent of voted shares were against Oracle's executive pay.

Ellison gave up an annual cash bonus of $1.2 million for fiscal 2013, which ended in May, after Oracle missed growth targets and his annual salary is a token $1. But he took home stock options value at about $77 million.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments