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04:16 PM on 09/24/2012
I wish hp had a section called corporate thieves. I bet they cannot as you cannot call these people what they are.
The executive staff always gets paid well. They merely take hours,wages,benefits from the lower paid and call it restructuring. Do you think workers who have families to feed can afford hits like this?
04:52 PM on 09/24/2012
I wonder how many employees will be laid off due to restructuring/rengineering etc to cover his overflated bonus since their stock is declining!
05:29 PM on 09/24/2012
This is a company he co-founded so without him none of those people would even have a job at Oracle. I realize Obama believes he didn't build that but he did and since he did he can get paid whatever the company wants to pay him.
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jwinger 999
The world is not Black and White
11:06 PM on 09/24/2012
but why reward his mediocrity? Capitalism is supposed to be about rewarding success and punishing failure.
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04:12 PM on 09/24/2012
Much as I dislike this man and his phobia of keping any employees over 35 (of course, not counting himself!), he does pay his employees rather well and good bennies too - I know, I worked at HQ for awhile.
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Tom95134
03:22 PM on 09/24/2012
As far as Oracle goes, it is just a distraction to what Ellison really wants to do, and that is race sailboats.
03:12 PM on 09/24/2012
And all the anguish if we raise workers pay to keep up with inflation! What about the bottom line! In the boardroom none of that matters as with company performance! Another demonstration that the so called free market doesn't work! There has not been any study that shows a correlation between executive pay and company performance! Outsource their jobs to India for $1 a day! Think of the savings and shareholder dividends!
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lawa
row, row your boat
03:06 PM on 09/24/2012
republicans vote against minimum wage increases. just saying
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mcmutter
A Groover has to expect a few setbacks .....
02:32 PM on 09/24/2012
hey .... that raise is less than $500,000 per week .... what gives ?
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teecee656
02:03 PM on 09/24/2012
I guess the real question is, would anyone say no to a $21 million dollar raise? The majority of his raise probably is the result of stock options granted several years ago, that have accrued and vest over time. Most CEO's contracts are in the 5 year range and incrementally vest options with prices set at the time the contract is executed. He still has to hold those options for a minimum of one year and one day to claim them as capitol gains. Even then, Jerry Brown is going to get $2.1 million and he'll have to send $3.1 million to Uncle Sam. Both California and Uncle Sam need the money, and Oracle products are sold all over the world. He's been a successful CEO for 35 years, a full career for most, and at 68 has amassed a fortune. He founded a company, at the right time, in the right place, with products that met a market need that blossomed. He made himself and many others rich over the years.
04:54 PM on 09/24/2012
That's right he made himself a rich man by outsourcing & layoffs! It's the GOP mission stmt!
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teecee656
09:45 PM on 09/24/2012
In September of '02, Oracle (ORCL) had an adjusted closing sales price of $7.64/share. For September of '12, the adjusted closing sales price is $32.33/share. An a purchase of 100 shares ten years ago ($764) would be worth $3,233 today. Thats a 327% return on investment or roughly a 32% per year increase in value. Until 2010 Oracle was primarily a software company with almost all jobs in house and not outsourced writing financial analytical programs. Ellison has made his employees wealthy with stock options and has given company shareholders a sustained and superior return on investment.
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patmos68
12:02 PM on 09/24/2012
Gee, most people would jump for joy over a $1.00 to $2.00 an hour pay raise.
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Joshua Veverka
Only here for the Weird News
04:01 PM on 09/24/2012
Perhaps they should run a multi-billion dollar company.
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Dawn Rodriguez
When your work speaks for itself, don't interrupt
06:43 PM on 09/24/2012
Yes, they can buy a company with the trust funds Daddy gave them. Don't have a trust fund? That's too bad, it's all their slacker parents fault. These people are from old money and they didn't earn anything, they stole it from workers by financing campaigns and buying representatives. How many representatives can you afford? What Robme did should be illegal and he should be in jail.
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11:52 AM on 09/24/2012
Isn't greed a beautiful thing. For the rest of us losing our homes can't find jobs, wages stagnant for ever, benefits keep getting worse, everything keeps getting more and more expensive. Isn't America great? Who knew I would live to see such a day in America. The election is a joke as I see no relief in site. I guess we all need to down size and become debt free. That is my goal in these cruel times. Get off the grid, be self sustaining and no longer dependent on Corporations.
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Black Rhino
04:17 PM on 09/24/2012
What does this have to do with Ellison? He actually earns his wealth...
04:56 PM on 09/24/2012
By outsourcing AMERICAN JOBS & layoffs!
05:36 PM on 09/24/2012
not really he company lost money
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shewolf2002
EDUCATION is a national security issue.
11:37 AM on 09/24/2012
A CEO gets a 24% raise when company stock tanks.
But our school teachers' pay should be "performance based"? !?
02:50 PM on 09/24/2012
And all the baggers will be here screaming about how much teachers are paid!
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shewolf2002
EDUCATION is a national security issue.
02:58 PM on 09/24/2012
Precisely. Funny how they all hate "government jobs", except where a bigger military is concerned...
demsrsilly
Proud supporter of workplace freedom.
07:32 AM on 09/25/2012
Tax payers pay teacher's salaries. Taxpayers do NOT pay Oracle's CEO. Do you understand this difference?

If Oracle stockholders are  not happy with the this guy, he can be voted out. If Oracle's stockholders are not happy with how much this guy is paid, the stockholders can do something about it.
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Joshua Veverka
Only here for the Weird News
04:02 PM on 09/24/2012
Its crazy. It almost sounds like private companies can do what they like with their money, and governments are constrained by budgets.
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sfizi
The Great Seal of the Winged Skull 81
11:10 AM on 09/24/2012
another scam.. what's new, hey chief whats your cut on this one to look the other way
10:53 AM on 09/24/2012
And people wonder why the middle class is angry. This man just had a pay increase of more than what my parents, my siblings, my husband, and my children will make in an entire lifetime.. For a company whose stocks just went down?! Reaalllyy?
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kolrpro1
01:42 PM on 09/24/2012
Hey, you can't expect everyone to suffer just because you belong to the middle class. Don't you know that someone has to profit from other peoples misfortunes? It's a dirty job but some one has to take that money, and why not some one that is already rich. "Just being sarcastic"
02:51 PM on 09/24/2012
In order to boost the stock price, I'm sure they are planning to lay off thousands of Americans to make the next quarter look good!
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mmmmikkimac
10:16 AM on 09/24/2012
There isn't ONE reason or excuse that these men can come up with that makes me buy into the amount of pay they receive other than greed. I'd love to see their tax returns, their investments, and charitable donations.
02:53 PM on 09/24/2012
The thing is, these CEO's sit on each other's boards and vote each other these insane pay packages. The billionaire boys club, indeed.
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pj-smith
no comment
09:43 AM on 09/24/2012
THIS is what he gets from a stylist being the world's sixth richest man?
YIKES what did he look like before?
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04:15 PM on 09/24/2012
He's got a ghastly facelift, doesn't he? Perpetually startled - he probably thinks it makes him look young, but like Steven Tyler and Bruce Jenner, he just looks like a bad female impersonation of himself.
07:13 AM on 09/24/2012
What ellison needs is a real competitor in the federal, local and private sector.
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MTY INDACHI
09:39 AM on 09/24/2012
not sure exactly what you mean.
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Almondo
Agnostic Realist Tradevknaught
01:52 PM on 09/24/2012
I understand it quite well.

Oracle is as rich as it is because it is essentially a conglomerate monopolizer in many markets. The effect is that he can charge any price and people have to pay it.