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Oracle shareholders vote against Ellison's compensation package (again)
It's non-binding (again)
http://www.techworld.com.au/article/530667/oracle_shareholders_vote_against_ellison_compensation_package/
A majority of Oracle shareholders have once again voted against the company's executive pay practices, including for CEO Larry Ellison.
Thursday's vote at Oracle's annual shareholder meeting is nonbinding, and follows complaints from some large shareholders and their representatives who say Ellison is overpaid compared to his peers.
Ellison is paid US$1 in salary, receiving the rest of his pay in stock options. In Oracle's past fiscal year, that totaled $76.9 million. Ellison declined to receive a bonus. Other top Oracle executives such as co-President Mark Hurd also receive a lot of stock options.
Ellison, who is one of the world's richest people, controls about one-fourth of Oracle's shares.
Thursday's vote at Oracle's annual shareholder meeting is nonbinding, and follows complaints from some large shareholders and their representatives who say Ellison is overpaid compared to his peers.
Ellison is paid US$1 in salary, receiving the rest of his pay in stock options. In Oracle's past fiscal year, that totaled $76.9 million. Ellison declined to receive a bonus. Other top Oracle executives such as co-President Mark Hurd also receive a lot of stock options.
Ellison, who is one of the world's richest people, controls about one-fourth of Oracle's shares.
It's also an example of how figuring out "how much somebody is paid" isn't always easy.
