Oracle's Co-CEOs See 41% Bump in Total Compensation
September 25 2015 - 6:40PM
Dow Jones News
Oracle Corp.'s founder and longtime chief executive Larry
Ellison made $63.6 million in 2014, reflecting an adjustment to
stock compensation after he stepped down from the chief executive
post.
Now the company's chairman and chief technology officer, Mr.
Ellison's base salary was $1, the same amount it has been since
2011.
Mr. Ellison, who historically has been at or near the top of the
country's highest paid CEOs rankings, left the CEO post in
September 2014.
Meanwhile, Safra A. Catz and Mark V. Hurd, who succeeded Mr.
Ellison as co-chief executives, saw a 41% increase in pay in the
year ended May 31, largely tied to stock compensation from their
new posts. Their base salaries were unchanged at $950,000.
The Redwood City, Calif., maker of business software has
reported disappointing results in recent quarters amid a shift from
software sales to a services business. Technology companies
increasingly have opted for such service contracts, which offer a
more predictable cash stream but which initially lower revenue as
sales are booked over the course of a contract rather than when a
sale is made.
Write to Maria Armental at maria.armental@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 25, 2015 18:25 ET (22:25 GMT)
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