Oracle's Ellison highest paid boss: WSJ

Subject: Oracle's Ellison highest paid boss: WSJ Thu Jul 29, 2010 4:19 am

Oracle Corporation founder and chief executive Larry Ellison topped the list of best-paid executives of the decade with $US1.84 billion ($2.04 billion), according to a report in the Wall Street Journal.

The 65-year-old software pioneer, who founded Oracle in 1977, beat internet tycoon Barry Diller into second place on just over $US1 billion.

Ellison has a 23 per cent stake in the company, the Journal reported in Monday's edition.

In the 10 years ended May 31, 2009, the most recent fiscal year for which Oracle has disclosed pay data, its market capitalisation nearly tripled, to $US98 billion, up from $US36 billion, and has risen even more since, it said.

In second place on the compensation list was Diller, who received about $US1.14 billion from IAC/Interactive and Expedia Inc, the online travel site IAC spun off in 2005, where he remains chairman.

Occidental Petroleum Corp chief executive Ray Irani came in third place, with $US857 million.

Apple's Steve Jobs was fourth with $US749 million.

Jobs took a one dollar annual salary throughout the decade, but ranked fourth primarily because of a $US647 million gain on restricted stock that was granted in 2003 and vested in 2006. He still holds the shares.

In fifth place was Capital One Financial Corp CEO Richard Fairbank with $US569 million earned over the decade.

The Journal analysis included salaries, bonuses, perks and realised gains on both restricted stock and stock options; it excluded new grants of restricted stock and stock options.

LNK

Oracle's Ellison highest paid boss: WSJ

Oracle's Ellison highest paid boss: WSJ

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