Feeds

Larry Ellison gets huge pay rise

What else can you give California's richest man?

Top 5 reasons to deploy VMware with Tegile

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. ®

Remote control for virtualized desktops

More from The Register

next story
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
prev story

Whitepapers

10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.