Sunday, September 07, 2008

Shareholders getting nervous about Larry's compensation

The 38% increase on the 72 Millions USD salary package is making some shareholders nervous.
They are pressing for a say on compensation at Oracle, the second-largest computer software maker, whose 29 percent profit growth last fiscal year trailed Ellison's pay increase. The proposal, by the religious group Marianist Province of the U.S., is winning support from activist holders such as the American Federation of State, County and Municipal Employees and the California Public Employees' Retirement System.
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The ``say on pay'' plan, which goes before investors at an Oct. 10 meeting, may get significant votes to draw attention...

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