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Wednesday, August 26, 2009 11:44:02 AM
http://www.baltimoresun.com/business/sns-ap-us-oracle-executive-compensation,0,6249502.story
is what he took for himself for 2008. This isn't cream, as the way you may choose to view it, its more to the point of how he gorge's himself, and he's just one in the Lot.
If you choose to support this legal lootery, and corruption, thats on you!. The very reasons or at least in part, why we have been witness to all we have, not only for the last year or two, but for decades, and as we can see it only gets worse.
It couldn't do this without investors support, like yourself, one of the main culprits are stockholders. It could be a long winded debate, but I won't get into it all. The stock declined 28% during this selling. For every hundred dollars invested it would have lost $28. Quite the cost for that cup of coffee, if you take yours with creme.
If change is coming it must start here, no founder, no owners, no chair person, no key executives should ever be alloted additonal shares to their controlling shares, that should carry restrictions until the sale of the company. Salaries, and if its determined that bonuses are on the table, should be voted on by shareholders, and approved by independent governess, or Board, which should have zero affiliation with the company, and not allowed to be paid with stock, and if any of these people choose to own stock, stock options, should have to buy them like everyone else, like you.
I believe that no shareholder would approve of an $84m dollar salary, nor even $87m, and if they would they would need their heads examined, no person on the planet is worth this, and if they determine that they are they should sell the business, and this will give them their exact worth, and there is nothing wrong with it, if someone is willing to buy for whatever amount, and if its another "public trading company" then shareholders should be rewarded from that acquisition, the key word here is "public trading company", and entails them carrying out their fudiciary duties in a responsible manner. Doesn't mean that coming public gives them a right to have unlimited amounts of stock issued to them. If this was the case the Treasury Secretary should have the right to print as much money as he wishes for himself. Their second choice could be to buy lottery tickets. My point of view I believe is shared by more of the investing public that those who believe otherwise......Good Luck!
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