Feeds

Larry Ellison gets huge pay rise

What else can you give California's richest man?

The essential guide to IT transformation

The richest boss in tech just got a little bit richer, and this time it's not his customers squeaking.

Oracle chief executive Larry Ellison, California's richest man, has been awarded a 38 per cent pay rise, taking his salary to an estimated $72m. The award makes Ellison the second-highest paid CEO of a US public company, coming in $1.7 mill behind Merrill Lynch's John Thain.

Ellison, who co-founded Oracle in 1977 and regularly tops Forbes' ranking of top-paid technology CEOs, reportedly asked a committee of Oracle's board members for the award. His net worth is $25bn.

His income growth outstrips that of his company for the year: Oracle reported a 29 per cent increase in net income and a 25 per cent jump in total revenue for its latest fiscal year, reported in June.

That largesse has reportedly upset some of Oracle's shareholders, who now plan to propose they should have more say on compensation.

Ellison's pay rise comes on the heels of the decision to hike licensing fees, and follows last year's disclosure that Oracle is charging some customers so much they are ripping processors from their servers to avoid paying Oracle more than they have to. ®

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?