Oracle Paid Chief Larry Ellison $35 Million in 2007 Fiscal Year
Oracle Corp., the world's third- largest software maker, paid Chief Executive Officer Larry Ellison $35 million in fiscal 2007.
The amount included a $1 million salary and $24 million in stock options, the company said in a regulatory filing today. Ellison also received an $8.37 million bonus and $1.72 million in perks including insurance, home security, and family members' trips on the company plane in the year ended in May.
Ellison, 63, received $1 million in salary with a $6.41 million bonus in 2006. Profit at Oracle, based in Redwood City, California, rose 59 percent in the past three years and sales increased 77 percent after Ellison made Oracle the most acquisitive software company.
Chief Financial Officer Safra Catz received $14.6 million in total compensation and Charles Phillips, Oracle's president, took in $12.7 million.
Oracle's shares fell 38 cents to $20.07 in Nasdaq Stock Market trading today. The shares are up 17 percent this year.
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