Oracle Corp. co-founder Larry Ellison, the fourth-richest man in America, is drawing criticism from some shareholders for a $72-million pay package that is 12 times bigger than the median pay of chief executives in the technology industry.
Ellison, who proposed the 38% raise and won approval from a committee of board members, is now the second-best-paid CEO of a public company in the U.S. He received about $1.7 million less than Merrill Lynch & Co. chief John Thain did in 2007. Oracle's market value is almost three times Merrill's.
No comments:
Post a Comment