Larry Ellison has not only survived a plan that could have put Oracle shareholders in charge of his annual compensation, he's in line for a bigger payout.

Oracle's chief executive stands to receive a total bonus of $13.62m in fiscal 2009, a 25 per cent increase over last year's maximum rewards package of $10.89m.

The 2009 rewards are based on "certain performance criteria" determined by the company's compensation committed. These include improvements in Oracle's pre-tax profit on a non-GAAP basis and "revenue-related goals linked to a particular area of responsibility."

Ellison is already one of the tech sector's best-remunerated chief executives and America's third-richest individual, thanks to steadily growing pay and stock allocations.

His fiscal 2008 cash and stock package weighed in at $83m, 372 per cent above what Ellison's peers in other chief executive positions receive, according to consultant Proxy Governance Inc.

The 2009 award followed the defeat of a proposal by shareholder Marianists Province of the United States to give fellow shareholders a "say on pay." This would have let shareholders set the packages Ellison and other senior Oracle executives would have received, bypassing Oracle's compensation committee. ®

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