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Technology Stocks : Oracle Corporation (ORCL)
ORCL 220.61+0.3%Nov 18 3:59 PM EST
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To: Michael Olin who wrote (17737)1/5/2003 10:20:38 PM
From: hueyone  Read Replies (1) of 19079
 
Larry hasn't received any salary since 2000 ($208K) or bonus since 1999 ($2.75M). He received an option grant for 40 million shares in 2000 and that is intended to be his entire compensation through fiscal 2003.

Larry Ellison was the highest paid executive in fiscal 2001, exercising options worth 706 million. Michael Dell was number two, but wasn't even close at 198 million. Scroll down the bottom of this article and check the table titled "Methodology" for the highest paid execs:

e-insite.net

Oracle is also mentioned in the middle section of the article that is titled "Big rewards, No risks":

JDS Uniphase isn't the only example of excessive compensation due to options. The five top executives at Oracle Corp., Redwood Shores, CA, took home $855 million in compensation during the fiscal year ended May 31, 2001, including CEO Larry Ellison's $706 million. Four of the five executives made the EB (highest paid) list, with Ellison No. 1.

Yet Oracle's stock price fell more than 57% during the same period. Earnings were down 59% and EPS dropped 58%. Although Oracle has been profitable for many years, the Corporate Library rates it as underperforming the S&P 500 and its peers on total shareholder return.

Regards, Huey
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