Worth $25 billion, Ellison allegedly persuaded Oracle to award him a fiscal 2008 pay package valued at $84.6 million this year. This makes him the best paid CEO in the US.
He knocked Occidental Petroleum CEO Ray Irani off the top slot. Irani fell out of the top 10 altogether.
Ellison gets seven million stock options valued at $71.2 million to vest during the next four years. How much he makes depends on how Oracle's stock goes beyond the options' exercise price of $20.49.
Ellison also made $544 million by cashing in 36 million stock options during Oracle's last fiscal year.
His salary is decided by a three-member compensation committee which consists of talent agent Jeffrey Berg, Stanford University professor Hector Garcia-Molina and Naomi Seligman, a partner at a technology research firm.
Oracle boss richest CEO
By
Nick Farrell
on Aug 25, 2008 3:11PM
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