Oracle CEO pay stirs mounting discontent: Report
Even though Oracle's share performance has been mixed, CEO Larry Ellison's pay remains high enough that investor discontent is mounting and may produce a showdown at its upcoming annual meeting, according to a report in The Wall Street Journal.
During the fiscal year that ended in May, Ellison, whose Oracle Team USA won the America's Cup Wednesday, received a compensation package valued at nearly $77 million.
In the same period, the tech company's stock rose about 28 percent but later plunged 9 percent June 21 after it reported flat sales.
"Even with Mr. Ellison's large stake in the company, Oracle only narrowly won investor support for its executive-pay practices in 2011 and suffered a defeat in 2012," the Journal reports.
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