Commentary
Oracle's Ellison #2 Best-Paid CEO At $557 Million
Oracle CEO Larry Ellison received total compensation of $556.9 million in 2008, making him the second best-paid CEO in the U.S. behind the CEO of private-equity firm Blackstone. A year ago Ellison topped the list, and he's expected to stay near or at the top next year as well.Oracle CEO Larry Ellison received total compensation of $556.9 million in 2008, making him the second best-paid CEO in the U.S. behind the CEO of private-equity firm Blackstone. A year ago Ellison topped the list, and he's expected to stay near or at the top next year as well.From CNNMoney:
Like [Blackstone CEO Stephen] Schwarzman, most of Ellison's compensation came from exercised stock options, which totaled $543 million from a whopping 36 million options. That's despite a 21% drop in Oracle's share price over 2008. With 33.4 million stock options still outstanding and a 24% rise in Oracle's stock, Ellison's likely to keep his top spot on the list in 2009.
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A year ago, in the Forbes list of best-paid executives, Ellison topped the charts with total income of $192.9 million for calendar 2007.
And a year before that, Apple CEO Steve Jobs supplemented nicely his $1 salary with total compensation of $646.6 million for calendar 2006.
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