Oracle CEO Larry Ellison is taking a big pay cut.
According to reports issued by the SEC, Ellison is taking a substantial 17.1% pay cut from last year. This is surprising to some considering the company’s revenue increased by over 5 billion from its mark last year. So if Oracle is making more money, why is their CEO taking a big salary cut? That just doesn't seem fair...
Oracle CEO
Well don't feel too bad for ole Larry, he will still be pulling in a whopping 70.1 million in compensation. Not too shabby!
I am happy for Mr. Ellison; he is one of a select few CEO's that has managed to lead his company to success in such tough economic times. He deserves every penny of his pay, and anyone who says otherwise is either misinformed or simply jealous and bitter.
If Larry Ellison’s big pay day bothers you, go get a degree work for 30 years and become CEO of an enormous successful company. Then do a great job of running that company. That will show Larry whose boss.
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