Oracle's Larry Ellison Highest Paid Executive Of The Decade

Wall Street Journal:

Larry Ellison, founder and chief executive of software maker Oracle Corp., topped the list of best-paid executives of public companies during the past decade, receiving $1.84 billion in compensation, according to a Wall Street Journal analysis of CEO pay.

Coming in No. 2 on the compensation list was Barry Diller, who received roughly $1.14 billion from IAC/Interactive and Expedia Inc., the online travel site IAC spun off in 2005, where he remains chairman.

Read the whole story: Wall Street Journal

Comments

[TeeSC]

01:18 PM on 07/28/2010

Larry had to pay for the America's Cup... lol.

[mmike1969]

07:28 PM on 07/27/2010

Nothing says having class, culture, and sophistication like chugging a magnum of champagne like a "Colt 45"...

[Libertyfan]

07:15 PM on 07/27/2010

If he earned 2 billion during the last decade that means that at least half of that was paid in taxes. Don't you think that's fair, even generous.

[billsmile]

08:57 PM on 07/27/2010

If his earnings were in stock he paid around 15%. The wealthiest Americans pay around 17% currently on average.

[StopThePlanet]

02:41 PM on 07/27/2010

Oracle, probably the biggest user of cheap third world labor on the planet. I don't begrudge your success Larry but I do think you are a d-b@g for not spreading the wealth around to the people who have helped make your company a success.

[mattwg440]

01:59 PM on 07/27/2010

Hey, I was just on another thread reading someone's assertion that private industry is our savior. Hahaha

[mjeffn]

01:56 PM on 07/27/2010

...but, what did he contribute in taxes last year?

[pep1]

03:04 PM on 07/27/2010

probably next to nothing... as a % of his total income..

[JJovana]

01:01 PM on 07/27/2010

Rich get richer, and poor get...well you know the drill.

[davidwayneosedach]

12:28 PM on 07/27/2010

It's like winning the lottery every day of your life! Photos of their yachts please!

[CurrencyIsKing]

11:35 AM on 07/27/2010

As long as it is their own companies money they can pay themselves into oblivion.

[Mensch99]

11:25 AM on 07/27/2010

Who says that we are in a global economic crisis?

“Membership of the world's billionaire club has swelled to almost 1,000, while members' net worth has risen by 35% on last year, according to Forbes.
A record 946 billionaires - worth a total of $3.5 trillion (£1.82 trillion) - now exist, up from 793 last year.”
http://news.bbc.co.uk/2/hi/6432941.stm

Billionaires of the World Unite! Oh wait, they already did that.

How about Workers of the World Unite!

[BOBINMO]

11:26 AM on 07/27/2010

X2

[notAMoron]

11:35 AM on 07/27/2010

Barry Diller's actors and screenwriters are united. They don't seem to be too concerned or effective at constraining his pay.

I don't think unions work to create a better ecosystem for business for companies, workers, or society.

[Flying Sparkz1]

01:27 AM on 07/28/2010

Unions are not formed to create a better ecosystem for business. They are formed to collectively bargain on behalf of working people for better wages and working conditions. They have historically been reactions against harsh and exploitative employers. Unions look after workers. Capitalists look after themselves. Solidarity.

[sioux01721]

05:43 PM on 07/28/2010

If you have paid vacations, sickness benefits, safe work conditions, a forty hour week and (possibly) a pension, thank a union.
If you have none of these, thank a corporatist.

[leftpinkie]

11:20 AM on 07/27/2010

According to the article, "Four of the 10 highest-earning executives ran companies whose shareholders lost money over the decade: IAC/InterActive, Countrywide, Capital One and Cendant Corp."

Free marketers don't seem to have a problem when we reward inept executives with huge compensation packages. Isn't one of the CEO's tasks to make some money for the corporation s/he runs? Kind of screwed up to be in a world where most rank-and-file workers work at the whims and fancies of their bosses, often with little or no protection or severance packages when they are given pink slips. Most of us are fired when we screw up, let alone lose millions for our companies. Yet we have the corporate elite who don't seem to live by the same rules or are judged by the same standards. If we're uncomfortable about capping salaries and compensations, can we at least make sure that executives are paid on the basis of their performance? Or is that asking too much from an executive?

[CravenMoorehead]

11:25 AM on 07/27/2010

The answer isn't to cap their salaries...the answer is to make them live by the same rules. Enforce anti-monopoly laws and let poorly run companies fail. Be more careful where we invest our money.

[BOBINMO]

11:11 AM on 07/27/2010

Good morning to all you Wonderful,Patriotic Libs and Libettes.........and to the trolls: F U.

[ChaCubed]

11:15 AM on 07/27/2010

LOL

Tsk tsk tsk, BobinMo.

ROFL

I have mixed feelings on this, but I'm going to go with enjoying it and the good laugh it gave me! :)

[nannews]

11:28 AM on 07/27/2010

Morning, Bob...didn't take long to get the hornets buzzing today! ;-)

[ChicagoBob]

11:09 AM on 07/27/2010

My answer to a compilation of comments, posted by those further to the right than I.

We libs do not care if someone gets rich, even filthily rich.

We just think it's better to bring the organization along with us so the wealth is shared by both management and labor. Well paid labor = future customers and that sustains and grows the system, creating more and more wealth.

You GOP types think it's OK to screw the labor as long as you get yours. You don't care about the system or those who actually build the product. Your egocentric, myopic view of things is not good for the organization or the country. You destroy what others have created and think you are doing God's work. Your are good for the quarterly report but bad for the people. You do not create customers and you do not seem to understand that everything depends on customers.

[steve11407]

11:13 AM on 07/27/2010

"You GOP types" Your brush is to wide. I believe labor needs to be better compensated. If I were inclined to dictate to a company what they will pay, Walmart would be first on the list.

[AyeChart]

11:25 AM on 07/27/2010

That's not true. Conservatives just realize that everyone does not possess the same skill sets and talents and innate abilities. Otherwise, I would join the NBA and collect 12 million dollars a year playing basketball.

[barts]

11:35 AM on 07/27/2010

Libs don't get their information about the market forces handed to them by Beck, Hannity, and Bimbaugh.

[SwingingFromCenter]

11:05 AM on 07/27/2010

Typical Shortbus All-Star group in the threads this morning. 98% of Ellison's compensation is in the form of stock options. So he doesn't make money unless the value of his company (which he founded) goes up. There's nothing wrong with this.

[David Parillo]

12:16 PM on 07/27/2010

Ok, who else can afford or were offered those stock options.... at what time, at what price?

[ccclj]

12:48 PM on 07/27/2010

every Oracle employee at the same price

[steve11407]

11:01 AM on 07/27/2010

The first sentence should explain it to you progs. Larry Ellison, FOUNDER and chief executive of software maker Oracle Corp. It's his from the inception.

[barts]

11:12 AM on 07/27/2010

I'm not arguing about the fact that people can't make a boatload of cash when they start a successful business, but how big is a boatload? How much money does one really need before it is so excessive that they couldn't spend it all over several lifetimes? How does it look when your spending your time winning yacht races and jetsetting to the moon while millions wake up everyday not knowing if they will survive just walking to grade school? How do you justify mega-houses and mega-churches while our downtowns lay a barren wasteland with no hope for those who live there? Oh, I know, it's the poor people's fault. They just can't pull themselves up by their own purse-straps. How about CEO's of the banks that contributed to the mortgage default crisis? WHEN does one finally say ENOUGH is ENOUGH?

[AyeChart]

11:25 AM on 07/27/2010

It is simply NOT YOUR BUSINESS TO DECIDE!

[sioux01721]

05:49 PM on 07/28/2010

I'm sorry, Pal, Ayn Rand has a lot to answer for. People who see nothing wrong with the obscene gap between the haves and have-nots, will never get your point. They've been thoroughly brainwashed.

[John Doe00007]

12:10 PM on 07/28/2010

But he would not be rich if it were not for the employees. Give me a break!