Oracle slashes Larry Ellison's stock options following shareholder discontent

An Oracle spokeswoman won't say whether the cut is related to shareholders' gripes about executive pay

Oracle has granted CEO Larry Ellison 3 million stock options, a significant reduction from the 7 million options he received in previous years, according to a regulatory filing.

Other Oracle executives, such as co-presidents Mark Hurd and Safra Catz, were also awarded smaller stock option grants than in the past, other filings made Monday show. Each received 2.25 million stock options, compared to 5 million last year.

The changes, which were first reported by The Wall Street Journal, come after years of shareholder discontent over Oracle's executive compensation.

An Oracle spokeswoman declined to comment on whether the lower grants were in response to shareholder demand.

Oracle has defended its compensation practices by arguing that stock options aren't valuable unless the company's share price rises, an outcome that is good for both executives and every other Oracle shareholder.

Last year, Oracle secretary and general counsel Dorian Daley characterized Ellison as Oracle's "most critical strategic visionary," with his pay being more than reasonable given Ellison's track record.

Ellison owns about one-fourth of Oracle's outstanding stock, representing more than 1.1 billion shares, according to a regulatory filing.

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris' email address is Chris_Kanaracus@idg.com

Join the newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags Oraclebusiness issuessoftwarehardware systemspersonnel

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Chris Kanaracus

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?