The Best Paid CEO In The U.S.? Oracle's Larry Ellison

[Guest]

Larry Ellison, who founded Oracle and has led the company for the past 31 years, is the best paid CEO in the U.

The Best Paid CEO In The U.S.? Oracle's Larry Ellison : Read more

 

[Guest]

Perfect example of what is wrong with this country.

If the company is doing better then give it to the people that deserve it, like the lower level workers who have families to feed.

Unless this guy is feeding his kids diamonds and his cars run on pure platinum then this guy does not need $85 million....or even $60 million for that matter.

I mean c'mon. If you cant live off like $2 million a year, then you need a swift kick in your happy place.

 

[lightzy]

Example of what's right with this country.

If the company is doing better then give it to the people who deserve it, like the super-intelligent, super-talented, super-driven and basically peerless people at the top who made it all happen.

If someone can lead a company to 30% growth in profits in a single year of masterful management in the face of stiff competition, I'd say a major bonus is due.

And no offense, but anyone can be a type-writer monkey. if someone is truly smart and talented they'd be moving upwards toward the 'super dooper tax bracket' within the company anyway.

 

[Guest]

I understand that this is way too much money, but this is his company. He started and built his empire. So I say he deserves it. Good for him. How many other CEO's are out there that have this track record.

Also I am guessing he donated some of that money.

 

[ursius]

Right... I mean $2 Million is it. If you make more than that it should go to other people. I mean I want my superfluous money to help some poor or a welfare family eat. Or better yet if I make more than that maybe I should just give all the extra to some other country?
Yea in case you haven't suspected... SARCASM. This is socialism, and wealth redistribution. Once you start that path it never ends. $2million is too much, then maybe it's only $1Million. Then where? Capitalism works, we've seen it work and our country has done very well. Are there gaps in the system? Do we have peaks and valleys? Yes we do. I suppose a marxist would try and prevent all those peaks and valleys, but frankly I enjoy them.
Believe it or not people can and DO spend much more than $2 million to maintain their lifestyle... it's just not your lifestyle.
I believe a CEO is the brains of a corporation. Their vision and drive can be astounding. I can think of some other great CEO's like John Chambers as well, who are globe trotters and travel all around the world to communicate their vision. Ellison is no different. I know I don't have their drive nor do 99% of other Americans, but without them some of the most profitable and envious companies in the WORLD would not exist.

 

[blackened144]

[citation][nom]Enigmatic88[/nom]If you cant live off like $2 million a year, then you need a swift kick in your happy place.[/citation]

Nothing like a swift kick in the happy place to put it all in perspective. Personally though, I dont have a problem with his bonus as long as the rest of the company gets some kind of bonus as well. This guy may have lead the company to do what it did, but he didnt get there all by himself. If he got a $20m raise, I would think that the rest of the company should be able to split their own raise. A company with 50k employees, at $2000 a piece, thats only a measly $100m in bonuses.

When my company got bought out they set a goal of 100m in new business by the end of the year. We were on track to hit $100m before July, so they raised the bar to $250m in new business, which we JUST BARELY missed, so our entire company lost our bonuses because they raised the benchmark halfway through the year. Except for the exec's, of course they didnt change their benchmark to get the bonus, just for the rest of the company. In this case though, our CTO called BS on that and he split his bonus with the IT dept.

 

[Guest]

Capitalism does work, and I was exaggerating a bit, I admit it. But a $20m raise? Why? I just do not see the point.

And yea, it is a great company and he does perhaps deserve a life style of a much higher status. But he requested a 35% raise because the company made 25% more money.

I am glad the company is doing well an perhaps a bonus is justified, but a $20m a year raise? c'mon.

 

[jasoncwlee]

I believe in performance based compensation. I don't understand why CEO that don't perform, causes company to lost millions, layoff thousands of employee that actually do all the work, still get high salary and high bonus. Mr Ellison get 20m increase this year does not mean he will get the same for every year. And no, non managerial employee, i.e. most in Oracle, don't get bonus because of the famous lawsuit.

 

[Guest]

Sorry but the truth is everyone who is not in a managerial position, a top scientist, or a creative professional, is doing monkey work, that any kid with a 2 year degree can do.

He led the company to make the Shareholders 19 B I L L I O N dollars, and he got a 20 million dollar raise. Sounds right.

Now if he costs them 19 billion dollars next year, he should see that raise taken away.

 

[Guest]

Yes, let's defend this kind of salary. Corporate Feudalism is a good thing, the peasants don't need any more money. Let's pretend that the neoconservatives didn't steal our country, and that nothing is wrong. Does anybody here know the definition of fascism?

In 1980, before Reagan took office, the average salary of a CEO was 40 times the average salary of an employee. Needless to say, although the average salary of an Oracle employee is probably decent, it is surely less than 628,000,000/40 = 15.7 million dollars a year.

 

[Guest]

His Salary is 84.6 million. The 544 million was from the sale of 36,000,000 shares of stock, he had in the company.

When the "peasants" actually make a difference in the outcome of a company and do something special, something that anyone with a 4 year degree can't do, they will end up getting promoted, and making more money.

Why pay the guy who takes out the trash 20% more when the company has a good year, when his taking out the trash has absolutely nothing to do with how well the company does?

Lets expand on this, why pay a low level software engineer, which you can replace with any of the hundreds of thousands that graduate each year, 20% more?

"Peasant" pay is always going to be based on how much someone is willing to do the job for, and as long as a Company pays in line with what other companies pay, the employee is not going anywhere.

While if they continuously turn down requests from their star CEO, he very well may walk off the job, and take his expertise, and huge list of contacts, and use it to make more money elsewhere.

A good CEO is like a Star Athlete; they make or break the company.

 

[Guest]

That's how CEOs are paid now, they are given stock options, then they manipulate stock prices, and sell when it is to their advantage. I read this shill article defending it as "saving the company money on CEO compensation." It is every bit a part of their salary, those hundreds of millions did not come from "careful investment of that measley $50-80 million paycheck".

So, anyways, by your standards, CEOs of 1980 were insufficiently wealthy with 40x the salary of a normal person. Apparently, the fact that the rich are getting richer while the middle class now struggles to put food on the table and gas in their cars should not be viewed as a social problem.

 

[ravenware]

And no offense, but anyone can be a type-writer monkey. if someone is truly smart and talented they'd be moving upwards toward the 'super dooper tax bracket' within the company anyway.

Bullshit.

 

[jarnail24]

This is bullshit. I my self make about mid 200,000 which I'm not complaining. But my lazy ceo of a small IT company I work for makes about 5 million a year. I can understand if this guy helped create the software and helped directly with the software development but if all he did was watch and had nothing to do development then he doesn't deserve it. But for me I don't even know what I would do with 61 million and then ask for another raise.

 

[Kami3k]

[citation][nom]Enigmatic88[/nom] If you cant live off like $2 million a year, then you need a swift kick in your happy place [/citation]

Right like you wouldn't want all the money. If you idiots don't like the CEOs making so much money, start your dam business or somehow get a CEO position your self and set a record for lowest paid CEO. Otherwise stfu.

 

[Guest]

DO you not wonder why all the goods and products available are so expensive? here is a prime example.. this is greed at its most awe inspiring. I am not suggesting that a fair and equitable salary and bonus package is not in order but $84.6 million dollars.

When I read comments defending this behaviour, I see the downfall of capitalist society. Where is the ethical standard in these ideals, is it "screw everyone I just want my cash?". It reads like most of you think you aren't destined for the mediocrity you are so vocally despising.

Doesn't anyone remember that hard work is what brings prosperity? Read a book, read an American history book, this is not what was intended.

Every hard working person in America should look at this like a slap in the face. Fair compensation absolutely, gross overpayment absolutely not.

And for the person who commented that CEO's are like pro athletes, perhaps they are both playing games. We are the ones who are paying for it.. ever bought a 10$ beer at the game you payed far to much for? and yes pro athletes make far too much, they are playing a game not finding the cure for cancer.