Oracle's $130M-plus payday still looms on horizon for Larry and Safra

Some Oracle investors remain unhappy with the way that company executives' compensation is structured, despite concessions made to address the disquiet. The latest pay awards were outlined by Big Red in a 2023 Notice of Annual Meeting of Stockholders [PDF], filed with the SEC prior to the weekend. And contained within is a …

[lglethal]

"67 percent of shareholders voted for the compensation of named executive officers..."

So taking out Larry's 42%, that's 25% out of the remaining 58% of voters accepted the compensation package. Or ~43% of the voters not named Larry said Yes. It seems like letting Larry have a say in his own compensation is a bit problematic for everyone else, no?

[MatthewSt]

Yes, because letting founders have a say in their own company is definitely a bad idea...

Also, some things are 1 person 1 vote (as opposed to 1 share 1 vote) so it's possible that the number of people not called Larry in agreement is closer to 67%. I haven't checked whether this is one of those scenarios

[Just An Engineer]

So why would Larry the Lounge Lizard need additional comp.

"Big Red returned $5 billion to shareholders, including $3 billion in dividends paid" so with a 42 percent stake, he received almost 1.3 billion Dollars, just in dividend payments.

Thinking that aught to be adequate for anyone...

[Charlie Clark]

The majority is all that matters. The real question is why do investors choose to buy into companies with this kind of share structure?

[Anonymous Coward]

> The real question is why do investors choose to buy into companies with this kind of share structure?

$1/share dividends, and a doubling of the share price over the past year?

[Charlie Clark]

Possibly, but also the increasingly nepotistic (investors themselves sit on the boards of other companies) and monopsidic (owned by fewer and fewer but larger and larger funds) ownership structures.

[Vometia has insomnia. Again.]

"Comprised of"

Is that another part of the former El Reg's Americanisationness?

[CrazyOldCatMan]

Re: "Comprised of"

Is that another part of the former El Reg's Americanisationness?

It's a perfectly good phrase in British (proper) English too..

[Phil O'Sophical]

Re: "Comprised of"

It could be " is composed of", or "comprises", but "is comprised of" is incorrect on both sides of the Atlantic.

[diodesign]

Re: Re: "Comprised of"

Nah, it's all good.

https://en.wikipedia.org/wiki/Comprised_of

C.

[Claverhouse]

Nice

Larry Ellison, Oracle founder, chairman and CTO, again drew a $1 salary – the same as it has been for the past decade – but got a total pay award of $7.3 million, comprised of non-equity incentive plan compensation and all other compensation (security and expenses).

I too would run a helicopter if I could write it off to expenses.