Replies to post #164459 on Simply Politics & News (GOV)

[makesumgravy]

Larry Ellison’s yacht

http://gadgets.fosfor.se/rising-sun-larry-ellisons-yacht/



Corporate Jets, Castles, etc etc. and like Larry he never had to sell Oracle to get any of it. He was never salaried from the revenues the company generates from its products. He, like Gates only has to be issued stock, and stock options from the treasury of the company, and stockholders will take care of the rest. Who ultimately has control of what he receives in comp, and the treasury?........lets see....mmmmmmmm The Board Members maybe?..........

Kinda like what we have seen with Henry Paulson who only had to ask for the key to vault by spinning his BS before the Senate Banking Committee. Not only did they give him a key to the vault but the authority to crank up those printing presses.

[n4807g]

I'm not sure this is a great example to use. I do agree with you that in many instances CEO's don't earn their pay but I think Ellison is a CEO who should get whatever he wants. Yes his pay is extreme, but it's hard to deny that he and his two co-founders are among the most successful entrepreneurs in the world.

Besides, Ellison controls around 20% of the outstanding shares. It's hard to imagine how he could be out voted unless Oracle was failing. On the contrary, they are doing quite well despite the dreary state of the economy.

You should aim your arrows at many biotech CEO's, many are extremely well compensated for ????????