How much of this abuse does the Oracle board of directors expect its rock star CEO Larry Ellison to endure?
How much of this could any CEO endure?
First, Ellison saw his total compensation slashed 18% in 2013 over 2012.
And now on top of that humiliation comes word in a regulatory filing that Oracle will be awarding Ellison fewer than half the stock options he has received in previous years.
Oh, sure, the heartless and the hate-mongers will harp on the fact that the 18% reduction still left Ellison with a total compensation package worth $78.4 million, highest in the tech industry. They’ll note that the 3 million stock options he’s in line to receive, while no 7 million, remain nothing to sneeze at. And that his net worth of $42 billion makes him the third richest American.
But have you seen the price of islands these days?