Oracle Shareholders Vote Against Ellison's Compensation Package (Again)

Posted by samzenpus on Thursday October 31, 2013 @09:33PM from the no-bonus-for-you dept.

angry tapir writes "A majority of Oracle shareholders have once again voted against the company's executive pay practices, including for CEO Larry Ellison. The vote at Oracle's annual shareholder meeting is nonbinding, and follows complaints from some large shareholders and their representatives who say Ellison is overpaid compared to his peers. Ellison is paid US$1 in salary, receiving the rest of his pay in stock options. In Oracle's past fiscal year, that totaled $76.9 million. Shareholders voted against Oracle's executive pay practices at last year's meeting as well."

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Re:A bunch of spineless wimps... by Ash-Fox · 2013-11-01 00:48 · Score: 1, Flamebait

So how come larry gets to decide that all the people actually doing the work only gets a 1/1000th (or whatever) of what he gets?

It's a top-bottom organization, like most organizations in the world. The people at the top dictate what happens below. The people at the bottom are free to leave the firm if they wish. If they were really invested behind not wanting to support him from the bottom, they would go on strike, leave etc.

You think he is forced to take that money?
You think people at the bottom are forced to work there?

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Change is certain; progress is not obligatory.