Oracle boss richest CEO
ORACLE BOSS Larry Ellison has been named as the top-paid chief executive in the United States by Associated Press hacks.
Worth $25 billion, Ellison persuaded Oracle to award him a fiscal 2008 pay package valued at $84.6 million this year. This makes him the best paid CEO in the US.
He knocked Occidental Petroleum CEO Ray Irani off the top slot. Irani fell out of the top 10 altogether.
Ellison's gets seven million stock options valued at $71.2 million to vest during the next four years. How much he makes depends on how Oracle's stock goes beyond the options' exercise price of $20.49.
Ellison also made $544 million by cashing in 36 million stock options during Oracle's last fiscal year.
His salary is decide by a three-member compensation committee which consists of talent agent Jeffrey Berg, Stanford University professor Hector Garcia-Molina and Naomi Seligman, a partner at a technology research firm.
They added up the figures and multiplied it by their combined shoe size and worked out that Ellison deserved to be richly paid because the company's fiscal 2008 profit climbed 29 percent to a record $5.5 billion.
The downside to earning all this money is that poor Larry has such an expensive lifestyle. According to AP it costs him $20 million a year just to live in the style to which he has become accustomed.
Poor lamb. ยต
L'Inq
AP
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everyone used to hate billy G for being an overpaid wonk who peddles bloatware and has nasty pricing systems.... now he's left, I think we have found the replacement

there software is ok but not that special considering what else is out there and that less than 5% of there customers use the unique features, but bloody hell is it bloated out and have a piss poor installer that leaves you for dead if anything goes wrong. you need a degree just to debug problems with it. It pains me every time I have to setup a new RAC system or wade thrgouh it's million's of components to find a fault.

then comes the over-charging. and now we know were it all goes.

to bad "nobody ever got fired for putting your data in oracle"

if only we lived in a meritocracy not a capitalist playground were everyone trusts oracle just because they are rich
he eared it, along with everyone else working there ;-)